HONG KONG, CHINA--(Marketwired - Apr 5, 2017) - CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group") (
In March 2017, the Group's contracted ASP was RMB 20,200 per sq.m., up approximately 15% year-on-year, with the contracted GFA was approximately 451,000 sq.m.
From January to March 2017, contracted sales of the Group increased approximately 110% year-on-year to RMB23.26 billion with a contracted GFA of approximately 1,206,000 sq.m., while contracted ASP from January to March 2017 was approximately RMB19,300 per sq.m., up approximately 8% year-on-year. During the first three months of 2017, contracted sales completed by the Group represented 35.8% of its full year target of RMB65.0 billion.
Land Acquisition
In March 2017, 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 | Changning District, Huashanliyuan Project | 100% | Residential | N/A | 10,537 | 788,240,000 | N/A | ||||||
| Sanya | Xin'aoliyang Project | 51% | Residential | 200,000 | 50,000 | 504,900,000 | 19,800 |
About CIFI Holdings (Group) Co. Ltd.
CIFI is headquartered in Shanghai and is amongst China's Top 20 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
Contact Information:
Investor Relations Contacts:
CIFI Holdings (Group) Co. Ltd.
Albert Yau / Lawrence Leung / Steven Peng
Tel: +852 2156 1316
Email: