Source: Media Outreach
Headline: CIFI 2017 Contracted Sales of RMB 104.0B with YoY Growth of 96%
2018 Contracted Sales Target Increased toRMB 140.0B
HONG KONG, CHINA – Media OutReach – 8 January 2018 – CIFI Holdings (Group) Co. Ltd. (“CIFI”,or the “Group”, HKSE: 884), one of the “Top 20 Real Estate Developers inChina” is pleased to announce that the Group’s total contracted sales in thefull year of 2017 represented a YoY increase of approximately 96% and exceededthe Group’s 2017 full year contracted sales target of RMB80.0 billion by30%.The Group has set an initial contracted sales target for the full year of2018 at RMB140.0 billion, representing an increase of approximately 35% fromthe contracted sales in 2017.
For the full year of 2017, the Group’stotal contracted sales achieved approximately RMB 104.0 billion, representing aYoY increase of 96%. Contracted GFA amounted to approximately 6,291,700 sq.m.,representing a YoY increase of 116%. Contracted ASP in 2017 was approximatelyRMB 16,500/sq.m.
For the full year of 2017, the Group’sattributable contracted sales amounted to approximately RMB55.0 billion,representing a YoY increase of approximately 88%.
In December 2017, the Group achieved thecontracted sales of RMB15.97 billion with contracted GFA of approximately1,120,600 sq.m. Contracted ASP inDecember 2017 was approximately RMB 14,300/sq.m.
About CIFI Holdings (Group) Co. Ltd.
CIFI is headquartered in Shanghai and isamongst China’s Top 20 Real Estate Developers. CIFI principally focus ondeveloping high quality and end-users driven properties in first- andsecond-tier cities in China. CIFI’s development projects cover variousproperties types including residential, office and commercial complexes. To learn more about the Company, please visitCIFI’s website at: http://www.cifi.com.cn
Published and distributed with permission of Media-Outreach.com.