Property

CIFI's Contracted Sales in First 9M of 2016 Achieved RMB41.31B; Accomplished 94% of the Revised Full Year Target

HONG KONG, Oct. 11, 2016 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 20 Real Estate Developers in China" is pleased to announce that contracted sales for September 2016 increased 66% year-on-year to RMB5.01 billion. The first nine months achieved year-on-year growth of 139% to RMB41.31 billion, achieved 94% of the full year sales target.

In September 2016, the Group's contracted ASP was RMB 20,200 per sq.m., up approximately 40% year-on-year, with the contracted GFA was approximately 247,800 sq.m.

From January to September 2016, contracted sales of the Group increased 139% year-on-year to RMB41.31 billion with a contracted GFA of approximately 2,291,700 sq.m., while contracted ASP from January to September 2016 was approximately RMB18,000 per sq.m., up approximately 38% year-on-year. During the first nine months of 2016, contracted sales of the Group achieved 94% of its full year contracted sales target of RMB43.8 billion.

Breakdowns of the Group's contracted sales during the first nine months of 2016 were as follow:

By City

RMB Billion

% of Total

Suzhou

9.27

22.4%

Shanghai

9.02

21.8%

Hefei

5.20

12.6%

Beijing

5.04

12.2%

Hangzhou

4.83

11.7%

Nanjing

2.11

5.1%

Tianjin

1.91

4.6%

Wuhan

0.96

2.3%

Shenyang

0.74

1.8%

Changsha

0.64

1.6%

Chongqing

0.64

1.5%

Langfang

0.47

1.1%

Zhenjiang

0.28

0.7%

Jiaxing

0.20

0.5%

 

By Region

RMB Billion

% of Total

Yangtze River Delta

30.91

74.8%

Pan Bohan Rim

8.16

19.8%

Central Western Region

2.24

5.4%

Land Acquisition: Prudent and Highly Disciplined

In September 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.)

Suzhou

Riverside Park,
Phase 2 (Blocks
24 & 30)

30%

Residential,
Commercial

N/A

16,721

56,018,002

9,748

Suzhou

Riverside Park,
Phase 3

30%

Residential,
Commercial

N/A

98,397

313,458,526

10,468

Suzhou

Xiangcheng G3
Project (Blocks
T1 & T2 Unsold
Portions, and
Blocks T3 & T4)

30%

Commercial

N/A

100,416

145,489,670

2,014

Yixing

Grand Lakeview

(South Section
Phases 2A, 2B
and 3, North
Section Phases
2 & 3)

50%

Residential,
Commercial

N/A

485,665

452,959,635

1,737

Changsha

Arch of Triumph
(Phases 3B &
3C)

30%

Residential,
Commercial

N/A

230,222

69,425,888

763

The above acquisitions were made by contractual joint venture agreements with Henderson China.

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