Property

CIFI's Contracted Sales in July and First 7M of 2016 Exceeded RMB5.0B and RMB32.6B

First 7M Achieved YoY Strong Growth of 174% or 74% of the Revised Full Year Target

 

HONG KONG, Aug. 8, 2016 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 100 Real Estate Developers in China" is pleased to announce that contracted sales for July 2016 increased 268% year-on-year to RMB5.01 billion. The first seven months achieved year-on-year strong growth of 174% to RMB32.6 billion, exceeded 74% of the revised full year sales target.

In July 2016, the Group's contracted ASP was RMB 13,700 per sq.m., up approximately 16% year-on-year, with the contracted GFA was approximately 364,200 sq.m.

From January to July 2016, contracted sales of the Group increased 174% year-on-year to RMB32.6 billion with a contracted GFA of approximately 1,855,300 sq.m., while contracted ASP from January to July 2016 was approximately RMB17,600 per sq.m., up approximately 42% year-on-year. During the first seven months of 2016, contracted sales of the Group achieved 74% of its revised full year contracted sales target of RMB43.8 billion.

Land Acquisition

In July 2016, the Group has successfully conducted the following acquisitions:

City

Project

Group's Current Equity Interest

Intended Primary Use

Site Area

(sq.m.)

Total Planned GFA Excluding Carpark (sq.m.)

Group's Attributable Consideration (RMB)

Average

Land Cost (RMB/

sq.m.)

Shanghai

Baoshan District Luodian Town Meiluo Jiayuan Community No. 01 Project

25%

Commercial,

Office

30,185

45,278

45,250,000

3,998

Shanghai

Minhang District Xinzhuang Town Min Hang New Town Project

100%

Commercial,

Office

15,726

51,895

590,000,000

11,369

Shanghai

Putuo District Changshou Community D5-6 Project

50%

Commercial,

Office

11,648

45,427

502,500,000

22,123

Foshan

San Shui New Town Huijin Project

100%

Residential, Commercial

114,319

285,796

528,720,000

1,850

Foshan

San Shui New Town Huaxiang Project

100%

Residential, Commercial

134,001

268,002

415,400,000

1,550

About CIFI Holdings (Group) Co. Ltd.

CIFI is headquartered in Shanghai and is amongst China's Top 30 Real Estate Developers. CIFI principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. CIFI's development projects cover various properties types including residential, office and commercial complexes. To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.cn