HONG KONG, CHINA - Media OutReach
- 8 April 2019 -
-
In March
2019, the Group achieved contracted sales of RMB19.04 billion,
representing a YoY increase of approximately 87% (compared to March 2018).
Contracted GFA amounted to approximately 1,028,900 sq.m. and contracted
ASP was approximately RMB18,500/sq.m. in March 2019.
-
From
January to March 2019, the Group achieved contracted sales of RMB34.41
billion, representing a YoY increase of approximately 27%. Contracted GFA
amounted to approximately 1,937,000 sq.m. and contracted ASP was
approximately RMB17,800/sq.m. from January to March 2019.
-
From January to March 2019, breakdowns of the Group's contracted
sales were as follows:
|
By City
|
RMB (billion)
|
% of total
|
|
Beijing
|
5.33
|
15.5%
|
|
Shanghai
|
3.06
|
8.9%
|
|
Hangzhou
|
2.37
|
6.9%
|
|
Chongqing
|
2.36
|
6.9%
|
|
Wenzhou
|
1.51
|
4.4%
|
|
Wuhan
|
1.47
|
4.3%
|
|
Hefei
|
1.41
|
4.1%
|
|
Xian
|
1.34
|
3.9%
|
|
Suzhou
|
1.31
|
3.8%
|
|
Jinan
|
1.23
|
3.6%
|
|
Ningbo
|
1.09
|
3.2%
|
|
Shenyang
|
1.07
|
3.1%
|
|
Nanjing
|
0.96
|
2.8%
|
|
Wuxi
|
0.93
|
2.7%
|
|
Foshan
|
0.92
|
2.7%
|
|
Jiaxing
|
0.86
|
2.5%
|
|
Guangzhou
|
0.82
|
2.4%
|
|
Tianjin
|
0.77
|
2.2%
|
|
Linyi
|
0.70
|
2.0%
|
|
Hong Kong
|
0.69
|
2.0%
|
|
Changzhou
|
0.65
|
1.9%
|
|
Chengdu
|
0.59
|
1.7%
|
|
Changsha
|
0.58
|
1.7%
|
|
Qingdao
|
0.35
|
1.0%
|
|
Nantong
|
0.24
|
0.7%
|
|
Weifang
|
0.22
|
0.6%
|
|
Quzhou
|
0.20
|
0.6%
|
|
Xuzhou
|
0.20
|
0.6%
|
|
Sanya
|
0.19
|
0.6%
|
|
Guiyang
|
0.16
|
0.5%
|
|
Xuchang
|
0.13
|
0.4%
|
|
Others
|
0.70
|
2.0%
|
|
By Region
|
RMB (billion)
|
% of total
|
|
Yangtze River
Delta
|
14.99
|
43.6%
|
|
Pan Bohai Rim
|
9.80
|
28.5%
|
|
Central
Western Region
|
6.67
|
19.4%
|
|
South China
Region
|
2.95
|
8.6%
|
Land Acquisition
-
In March 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.)
|
|
Hefei
|
Feixi County,
No. 2018-26
Project
|
100%
|
Residential/
Commercial
|
142,100
|
307,100
|
1,766,120,000
|
5,751
|
|
Hefei
|
Xinzhan District, XZQTD237 Project
|
50%
|
Residential
|
54,800
|
82,200
|
267,070,000
|
6,500
|
|
Tianjin
|
Xiqing District, Jinwu Town, West Binshui Road
Project
|
100%
|
Residential/
Commercial
|
142,400
|
287,800
|
3,638,000,000
|
12,640
|
|
Tianjin
|
Wuqing District, Nanhu No. 10 Project
|
100%
|
Residential
|
147,900
|
221,800
|
1,131,200,000
|
5,099
|
|
Qingdao
|
Huangdao District, Guzhenkou, Lingxi Bay Project
|
51%
|
Residential/
Commercial
|
232,500
|
302,200
|
558,380,000
|
3,623
|
Major Financing Activities
-
In March 2019,
CIFI issued 5-year US$255 million senior notes at a coupon rate of 6.55%
due March 2024. The issue was well received by the capital market. The
coupon rate is one of the lowest among the China-based property developers
with the same credit level recently.
S&P
Upgraded
CIFI's Rating to "BB" with "Stable" Outlook
-
In March 2019, Standard & Poor upgraded CIFI's rating from "BB-"
to "BB" with "stable" outlook. S&P's upgrade suggests that CIFI
significantly improved its scale of sales and geographical diversity in
the past 2-3 years. The "stable" outlook reflects S&P's expectation
that CIFI will continue to expand its sales scale with controllable
leverage.
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.
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