HONG KONG, CHINA--(Marketwired - Sep 5, 2016) - CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group") (
The five projects include: (i) Suzhou Riverside Park Phase 2; (ii) Suzhou Riverside Park Phase 3; (iii) Suzhou Xiangcheng District G3 Project; (iv) Yixing Grand Lakeview; and (v) Changsha Arch of Triumph, in which CIFI is entitled to economic interests of 30%, 30%, 30%, 50% and 30% respectively; while the corresponding average land costs as implied CIFI's investments are approximately RMB9,768, RMB10,468, RMB2,014, RMB1,737 and RMB763 per sq.m., respectively.
Mr. LIN Zhong, Chairman of CIFI, said, "CIFI is pleased to collaborate with Hendersion China who is the Group's important and long-term strategic partner. CIFI will continue to partner with leading blue-chip property developers so as to further enhance its financial strengths and profibility, as well as generate higher returns to shareholders and business partners."
About CIFI Holdings (Group) Co. Ltd.
Headquartered in Shanghai, CIFI is one of China's top 20 real estate developers. CIFI principally focuses on developing high quality properties which target the end-users in first- and second-tier cities in the country. CIFI develops various types of properties, including residential flats, office buildings and commercial complexes.
To learn more about the Company, please visit CIFI's website at: http://www.cifi.com.hk
Contact Information:
For more information, please contact:
iPR Ogilvy & Mather
Gary Li / Joseph Zhou / Lily Zhang / Ophelia Wong
Tel: (852) 2136 6185
Fax: (852) 3170 6606
Email: