Completed 36% of the Full Year Sales Target (RMB140.0 billion)
HONG KONG, CHINA - Media OutReach - 6 June 2018 - CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 15 Real Estate Developers in China" is pleased to announce that the Group achieved contracted sales of approximately RMB12.67 billion, representing a YoY increase of approximately 70% (compared to May 2017), contracted GFA amounted to approximately 736,500 sq.m. Contracted ASP in May 2018 was approximately RMB17,200/sq.m.
From January to May 2018, the Group achieved contracted sales of approximately RMB50.83 billion, representing a YoY increase of approximately 33%, contracted GFA amounted to approximately 3,290,300 sq.m. Contracted ASP from January to May 2018 was approximately RMB15,400/sq.m.
During the first 5M of 2018, contracted sales completed by the Group represented approximately 36% of its full year target of RMB140.0 billion.
In May 2018, the Group completed the following land acquisitions:
About CIFI Holdings (Group) Co. Ltd.
Headquartered in Shanghai, CIFI is one of China's top 15 real estate developers. CIFI principally focuses on developing high-quality properties which target the end-users in first-, second- and third-tier cities in China. 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.cn