CIFI achieved substantial contracted sales YoY growth of 110% in 1Q 2017

ID: 1497058
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(businesspress24) - HONG KONG, CHINA -- (Marketwired) -- 04/05/17 -- ("CIFI", or the "Group") (HKSE: 884), one of the "Top 20 Real Estate Developers in China" is pleased to announce that contracted sales for March 2017 increased approximately 50% year-on-year to RMB9.10 billion. The first three months achieved year-on-year growth of 110% to RMB23.26 billion.

In March 2017, the Group''s contracted ASP was RMB 20,200 per sq.m., up approximately 15% year-on-year, with the contracted GFA was approximately 451,000 sq.m.

From January to March 2017, contracted sales of the Group increased approximately 110% year-on-year to RMB23.26 billion with a contracted GFA of approximately 1,206,000 sq.m., while contracted ASP from January to March 2017 was approximately RMB19,300 per sq.m., up approximately 8% year-on-year. During the first three months of 2017, contracted sales completed by the Group represented 35.8% of its full year target of RMB65.0 billion.

In March 2017, the Group has successfully conducted the following acquisitions:

CIFI is headquartered in Shanghai and is amongst China''s Top 20 Real Estate Developers. CIFI principally focus on developing high quality and end-users driven properties in first- and second-tier cities in China. CIFI''s development projects cover various properties types including residential, office and commercial complexes. To learn more about the Company, please visit CIFI''s website at:

Albert Yau / Lawrence Leung / Steven Peng
Tel: +852 2156 1316

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Date: 04/05/2017 - 21:31
Language: English
News-ID 1497058
Character count: 2568
Firma: CIFI Holdings (Group) Co. Ltd.
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