CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021

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HONG KONG SAR – Media OutReach – 3
February 2021 –

 

  • In
    January 2021, the Group achieved contracted sales of approximately RMB 16.22
    billion, representing a YoY increase of approximately 66% (compared to January
    2020). Contracted GFA amounted to approximately 990,400 sq.m..
  • Contracted
    ASP was approximately RMB 16,400 / sq.m. in January 2021.

Land Acquisition

  • In
    January 2021, the Group completed the following land acquisitions: 

City

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Project

Group’s
Equity Interest

Intended
Primary Use

Site
Area

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(sq.m.)

Total
Planned GFA (Excluding Carpark) (sq.m.)

Group’s
Attributable Consideration (RMB)

Average 

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Land
Cost (Excluding Carpark) 

(RMB/

sq.m.)

Putian

Hanjiang District, PS Auction, No. 2020-30 Project

100%

Residential

41,700

108,400

304,000,000

2,806

Lu’an

Jin’an District, Liukaichu,

No. 2020-8, 387 acres Project

100%

Residential, Commercial

258,000

502,600

1,070,000,000

2,004

Harbin

Daoli District, Chengxiang Road Project

80%

Residential, Commercial

18,300

55,000

284,540,000

6,470

Tianjin

Nankai District, Liuma Road Project

60%

Residential

15,000

37,300

762,000,000

34,048

Chengdu

Wenjiang District, Wansheng TOD Project

50%

Residential, Commercial

188,100

513,700

1,405,620,000

5,472

 

Company
News

  • CIFI
    formed a 65:35 joint venture with Zhang Tai Holdings to develop residential a
    property project in Guangxi, accelerating the development of the Group’s
    commercial and residential property development business in Guangxi, and
    further expanding its business presence in southern China and increasing the
    number of its property projects through acquisition there. Moreover, Ever
    Sunshine Lifestyle Services Group, a subsidiary of the Group, announced an
    acquisition of a 65% equity in the property management business of Zhang Tai,
    realizing the synergy between the brands of CIFI and Ever Sunshine.
  • CIFI
    successfully issues senior notes with an aggregate principal amount of US$419
    million. The senior notes are at a coupon rate of 4.375% and yield of 4.4% with
    a 6.25-year maturity period, which hit the record for the longest maturity
    period and the lowest coupon rate of the Group’s offshore bond issuance. The
    issue attracts enthusiastic response, with total orders at peak time exceeding
    US$4.8 billion, which was over 11 times of the total issue size. 82% of total
    issuance is allocated to Asian investors, while the remaining 18% is allocated
    to European investors. The final allocation to institutional investors is 72%
    of total issuance. The proceeds of the note will be used for re-financing of
    the Group’s existing indebtedness.
  • The
    Lin family, the major shareholder of CIFI, increased its shareholdings in the
    Group by a total of 1.376 million shares, fully reflecting its strong
    confidence about CIFI’s long-term development capabilities and the room for
    future growth in the stock price.
  • CIFI
    and Peaktop Group jointly held a ceremony for their signing of a strategic
    cooperation agreement. According to the agreement, the two parties will utilize
    their resources and advantages to carry out in-depth and comprehensive
    cooperation in the further development of the property market of Dongguan based
    on the principles of equality and mutual benefit, resource sharing, and
    complementing each other with their respective advantages. The cooperation will
    enhance the core competitiveness of the partners and enable them to explore
    ways to develop for mutual benefit as they are planning to build a better life
    for the people in the Greater Bay Area.
  • CIFI
    has a good start in several projects:
    • – Capitalizing on the upcoming Spring Festival,
      Hangzhou CIFI Zhaowen Huacheng Project sold 288 units with total sales value of
      RMB 860 million. Sales reached RMB 810 million with a sell-through rate of 93%
      on the day of the project launch. It conducted four additional sales launches
      within 68 days, recording cumulative sales of RMB 2.3 billion.

      – Xi’an CIFI Legend Palace Project is located on
      the edge of the economic zone of Chanba Headquarters in Xi’an. It and Daming
      Palace in the north of the city and the commercial zone in the east of the city
      form a triad. In the first 8 days that sales were conducted, Xi’an CIFI Legend
      Palace Project succeeded in registering many home buyers despite the
      competition from low-priced residential units in the city because of its
      product strength and capability of building up a large customer base. The
      contracted sales at the project in January exceeded RMB 1.0 billion as home
      buyers were willing to pay a premium for the properties at the project. As a
      result, the project outperformed the market in sales.

    • Hangzhou
      CIFI Metropolis Project, China’s first BREEAM four-star dual-certified
      residence, has been started, indicating the recognition of CIFI’s green
      technology products. BREEAM certification was founded by BRE (Building Research
      Establishment) in 1990. It is one of the world’s earliest established, most
      widely used, most widely recognized, objective and comprehensive green building
      evaluation, rating and certification standards.
    • CIFI’s
      online sales mini-program, Xu Ke Jia, was officially upgraded. Xu Ke Jia is an
      online sales platform set up by CIFI. It provides customers with detailed and
      comprehensive online services like online viewing of show flats, online
      consultancy and enquires, VR viewing of show flats, mortgage calculator, hot
      news, online presale, property agents’ recommendations, as well as online
      commission calculation. The annual transaction amounted to over RMB 13.8
      billion, and the number of registered property agents reached over 560,000.
    • As
      one of the first three shortlisted companies, CIFI acquired a 66% equity stake
      in the 354-mu Xinjin Station TOD project on 4 December 2020 and a 100% equity
      stake in the 283-mu Wenjiang Wansheng Station TOD (transit-oriented
      development) project on 5 January 2021, respectively, in Chengdu, Sichuan
      province. The acquisitions mark Chengdu CIFI’s important step in the direction
      of the overall operation of property projects in a city that embraces the TOD
      concept, and the beginning of a new government-enterprise collaboration model
      for TOD development. In 2017, Chengdu mapped out its strategy for developing
      TOD projects. Since 2019, it has been developing TOD projects which have served
      as benchmarks worldwide and have set examples for the industry.

     

    CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021

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    CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand SpurCIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand Spur

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    CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand SpurCIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand Spur

    Latest News

    Vivocom’s Group Game Changer – Multi-Billion Sand Project Secured

    • Initial contract worth RM3.79 billion for three years
    • Aspires to be a major industry player 'with exponential growth prospects'


    KUALA LUMPUR, MALAYSIA - Media OutReach - 26 February 2021 - In a filing to Bursa Malaysia this evening, Vivocom Intl Holdings Berhad ('Vivocom') announced that V Development Group via one of its subsidiaries has secured a 'massive win' worth approximately USD934.7 million or the equivalent of RM3.79 billion.

    Rain International Sdn Bhd ('Rain International') is a 97% owned subsidiary under the V Development Group which was recently merged into the Vivocom Group. The Company's proposed acquisition of V Development Group had been recently approved by the relevant authorities.

    Rain International is principally involved in the mineral trading and exportation business, supplying sand to its client mainly in Hong Kong and China for reclamation and construction works. The Company had recently signed a contract for the supply of marine sand for a minimum period of three years.

    The contract is for the supply of sand to Zhen Hua Engineering Company Ltd-China Communications Construction Company Ltd-CCCC Dredging (Group) Company Ltd. (ZHEC-CCCC-CDC), a Joint Venture contractor appointed to undertake the main reclamation works for the Hong Kong International Airport Three Runway System Project.

    Director Mr William Chan Ching-Kee said: "As the appointed agent for the ZHECC-CCCC-CDC Joint Venture, we are looking forward to the exportation of sand from Malaysia to our client in Hong Kong to commence without any further delay."

    Dato Seri Chia is optimistic that the contract would be extended for another two to three years and could potentially generate revenue of up to RM6 billion.

    "The sand business is a major boost because it gives us tremendous visibility. The potential revenue is huge, recurring and highly scalable," its jubilant CEO, Dato Seri Chia Kok Teong exclaimed.

    "The potential for explosive growth in the sand business is real and tangible, and bodes well for the Group in the next few years."

    "We are starting with 3 years but the contract can easily be increased to 5 years and beyond, with higher tonnage shipped every 6 months. The exportation of sand will increase sharply over time," he added.

    Besides the reclamation works for the Hong Kong International Airport, the rapid pace of construction and reclamation works in China and Singapore also requires heavy demand for sand, which is a considerable boon to Malaysia.

    "The market for sand export is extremely humongous and will fuel the Group's rapid growth for the next several years. The RM3.79 billion Win is the first of many more to come."

    "I have in fact urged my team to secure up to RM10 billion worth of sand contracts by the end of 2021. This is part of our overall transformation strategy to become a multi billions conglomerate," declared Dato Seri Chia.

    "It is our core strategy to strengthen and diversify the Group's revenues generation capabilities and capacities and not be too narrowly focussed."

    "Presently, we are already in negotiations for another RM2 to RM3 billion sand contract. Once finalised, we will make the relevant announcement as per Bursa Malaysia's requirements," Dato Seri Chia elaborated.

    The sand would be procured from an approved permit holder to export sand overseas, and sourced from concession areas in Sandakan and Sungai Beluran in Sabah and throughout Malaysia.

    "Even with this massive sand contract already secured, we will not be complacent. I have earlier promised to transform Vivocom into a behemoth Conglomerate and I will work non-stop to deliver on the promise," Dato Seri assured.

    Since Dato Seri Chia's entry into Vivocom in January 2020 when its price was at 15 cents, the share has climbed sharply and last closed at RM1.06 on Thursday, 25th February 2021.

    "I am very optimistic that Vivocom shares will continue to grow strongly and be worth a lot more than presently over time. I'm proud to say that we are no longer a penny stock," he reflected.

    "My team is totally committed to building Vivocom into a reputable and profitable public company, one with solid fundamentals, sustainable profits and healthy cashflows."

    "As a priority, we will work towards getting the Group elevated to the Main Board of Bursa Malaysia and be a dividends-paying company soonest possible," quipped Dato Seri.

    To show his commitment, Dato Seri Chia has undertaken a voluntary self--imposed moratorium (or SIM) in that he will not dispose his personal stakes in Vivocom for the next 3 years. This will ensure the company's long-term price stability and sustainability.

    "We want a stable and strong share price so that the Company can use its shares with its high liquidity as a currency for M&A activities to fund and fast-track expansion and growth," he explained.

    "A strong share with high liquidity is a most valuable and prized asset. We will use it to buy Companies with game-changing and disruptive strategies. To look for the Next Big Thing."

    "The enormous followings in the Company are what is driving in tremendous liquidity and momentum giving our share price added impetus," Dato Seri proudly asserts.

    "We aspire to emulate Berkshire Hathaway strategy started over 40 years ago by Mr Warren Buffet. Mr Masayoshi Son built SoftBank Group of Japan along the same philosophy and Alphabet in US adopted similar strategies."

    "These three companies are presently amongst the most valuable and admired companies in the world. I have the same dream for Vivocom. I am determined to leave behind an enduring legacy for all our valued shareholders," concluded Dato Seri Chia.

    CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand Spur
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    - Advertisement -CIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand SpurCIFI’s contracted sales grew by 66% year on year to RMB 16.22 billion in January 2021 - Brand Spur