Property

CIFI's Contracted Sales in First 10M of 2016 Achieved RMB46.52B, up 118% YoY

Exceeded the Full Year Target

HONG KONG, Nov. 3, 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 October 2016 increased 30% year-on-year to RMB5.21 billion. The first ten months achieved year-on-year growth of 118% to RMB46.52 billion, completed and exceeded of the Group's full year contracted sales target of RMB43.8 billion.

In October 2016, the Group's contracted ASP was RMB 18,100 per sq.m., up approximately 20% year-on-year, with the contracted GFA was approximately 287,600 sq.m.

From January to October 2016, contracted sales of the Group increased 118% year-on-year to RMB46.52 billion with a contracted GFA of approximately 2,579,300 sq.m., while contracted ASP from January to October 2016 was approximately RMB18,000 per sq.m., up approximately 35% year-on-year. During the first ten months of 2016, contracted sales of the Group completed and exceeded of the Group's full year contracted sales target of RMB43.8 billion.

Land Acquisition

In October 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.)

Foshan

Chancheng
District, Haiwu
Road North,
Fenjianghe
Road West
Project

33.3%

Residential,
Commercial

72,964

267,143

755,327,250

8,491

Suzhou

Wuzhong
District, West
Mountain
Project

100%

Residential

161,766

32,353

420,592,120

13,000

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