CIFI’s Contracted Sales of RMB20.00B in September 2019, YoY growth of 30%

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit After Tax of ₦146.99 Billion

Key Highlights  Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018 Profit before Tax increased by...

Golden Guinea Breweries commences full operation in Abia (Pictures)

Golden Guinea Breweries PLC, located along Aba Road, Afara Layout, Umuahia, Abia State, has begun operation. The brewery came back...
- Advertisement -

Contracted Sales of RMB136.76B in First 9M of 2019, YoY growth of 28%; Completed 72% of Full Year Sales Target (RMB190.0B)

- Advertisement -

 

HONG KONG, CHINA – Media OutReach  – 10 Oct 2019
– 

 

  • In September 2019, the Group achieved contracted sales
    of approximately RMB20.00 billion, representing a YoY increase of approximately
    30% (compared to September 2018). Contracted GFA amounted to approximately
    1,113,700 sq.m. and contracted ASP was approximately RMB18,000/sq.m. in
    September 2019.
  • From January to September 2019, the Group achieved
    contracted sales of approximately RMB136.76 billion, representing a YoY
    increase of approximately 28%. Contracted GFA amounted to approximately
    8,022,000 sq.m. and contracted ASP was approximately RMB17,000/sq.m. from
    January to September 2019.
  • During the first nine months of 2019, contracted sales
    completed by the Group represented approximately 72% of its full year
    target of RMB190.0 billion.
  • From January to September 2019, breakdowns of the
    Group’s contracted sales were as follows:

By City

RMB (billion)

% of total

Beijing

15.76

11.5%

Hangzhou

11.35

8.3%

Chongqing

9.31

6.8%

Shanghai

8.64

6.3%

Wenzhou

7.98

5.8%

Suzhou

7.64

5.6%

Wuxi

6.94

5.1%

Nanjing

6.23

4.6%

Hefei

6.07

4.4%

Jiaxing

4.80

3.5%

Wuhan

4.40

3.2%

Shenyang

4.14

3.0%

Ningbo

4.09

3.0%

Ji’nan

3.79

2.8%

Xi’an

3.35

2.4%

Tianjin

3.32

2.4%

Foshan

2.96

2.2%

Changsha

2.15

1.6%

Chengdu

2.09

1.5%

Guangzhou

2.01

1.5%

Qingdao

1.95

1.4%

Linyi

1.93

1.4%

Changzhou

1.77

1.3%

Xuzhou

1.74

1.3%

Hong Kong

1.71

1.3%

Quzhou

1.34

1.0%

Nantong

1.30

1.0%

Weifang

0.96

0.7%

Wuhu

0.85

0.6%

Dongguan

0.67

0.5%

Yinchuan

0.64

0.5%

Others*

4.88

3.6%

Read:  Spackman Entertainment Group's New Film, CRAZY ROMANCE, Produced By Zip Cinema, Breaks The 1 Million Ticket Sales Mark Within Five Days

* Less than 0.5%

 

By City

RMB (billion)

% of total

Yangtze River Delta

71.86

52.5%

Pan Bohai Rim

32.91

24.1%

Central Western Region

23.40

17.1%

South China Region

8.59

6.3%

 

Land
Acquisition

  • In September of 2019, the Group completed the
    following land 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.)

Shenyang

Dadong District,

Yulin resettlement
housing 1-2 Project

100%

Residential

82,200

164,500

937,640,000

5,700

Qingdao

Huangdao District,
Boguanxinghai Phase III Project

100%

Residential

20,100

50,200

170,000,000

3,388

Qingdao

The West Coast New
Area, Chengshiyangtai Project

35%

Residential

19,400

52,900

82,510,000

4,459

Fuzhou

Cangshan District,

Jinpu Old Factory

Transfer Project

100%

Residential

12,800

31,900

349,000,000

10,939

Dalian

Jinpu District,
Xiaoyaowan District C Project

100%

Residential

40,000

99,900

249,740,000

2,500

Wenzhou

Longwan District,

Longwanyongzhong

B-18 Project

100%

Residential

47,800

86,100

827,400,000

9,613

Read:  Spackman Entertainment Group's New Film, CRAZY ROMANCE, Produced By Zip Cinema, Breaks The 1 Million Ticket Sales Mark Within Five Days

 

     Modern Lifestyle Mall
LCM’s First Anniversary Ceremony and Fresh Market LCMart’s Grand Opening

(22 September 2019,
Shanghai)

LCM celebrated its first anniversary by opening a
fresh market LCMart which serves as a new benchmark for inspiration in
China.  Over 18,000 visitors to the fresh
market at its grand opening spent RMB680,000. Designed by world-famous
architects, LCMart features modern urban green spaces. It has a total floor
area of nearly 3,000 sq.m. and consists of two floors where Hema Supermarket
and more than 20 quality lifestyle and homeware brands have set up shops. The
first floor is occupied by a fresh market which sells fresh food and daily
necessities. The second floor is taken up by a food market which specializes in
Shanghai cuisine, Asian light refreshments, foodstuffs and fresh produce.
Customers can have a stimulating experience of enjoying specialty produce and
gourmet food and cooking in a shared kitchen at LCMart.

Read:  Avnet Expands E-commerce Strategy in China with Alibaba

 

Disclaimer:

All information contained in this
newsletter is meant for your own reference only, and is not intended to, nor
should it, constitute any investment advice.  Any information contained in
this newsletter, including those relating to contracted sales or land bank of
CIFI Holdings (Group) Co. Ltd. (the “Company”), may be subject to change as a result of changes in our
development, sales and investment processes and may not be consistently
reflected in our financial reports. The Company expressly disclaims any liability
for any of your loss or damage howsoever arising from or in reliance upon the
contents of this newsletter. 

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

Latest News

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with, a pledge to commit more...

Average Prices of Petrol and Cooking Gas drop in September – NBS

The average price per litre paid by consumers for Cooking Gas decreased to N1,976.11 in September 2019 from N2,000.34 in August 2019., according to...

Nestlé reports nine-month sales for 2019, revamps waters business as organic growth slows

Organic growth of 3.7%, with real internal growth (RIG) of 3.0% and pricing of 0.7%. Growth was supported by strong momentum in the...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit before tax of ₦170.7 Billion

Guaranty Trust Bank plc (GTBANK) has released its unaudited financial results for the period ended September 30, 2019, to the Nigerian and London Stock...

More Articles Like This