, Ir Prof Frank CHAN, Vice President cum Advisor of the Working Group (3rd right), Ir Wilson KWOK, Chairman of the Working Group (3rd left), Ir Norman CHAN, Member of Working Group (2nd right), Ir Kelvin TANG, Member of Working Group (2nd left), Ir ZHOU Yan, Member of Working Group (1st right), and Ir Prof Alfred SIT, Chief Executive and Secret)
Media-OutReach Newswire
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, receiving the prize from Dennis Jang, President, Samsung Electronics Singapore (right), as the grand winner of Samsung Solve for Tomorrow 2024 in Singapore)
Hòa Bình taps agricultural tourism for sustainable development
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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 completedthe 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 UpgradedCIFI'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 foryour own reference only, and is not intended to, nor should it, constitute anyinvestment 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 ofchanges in our development, sales and investment processes and may not beconsistently reflected in our financial reports. The Company expresslydisclaims any liability for any of your loss or damage howsoever arising fromor in reliance upon the contents of this newsletter.
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