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| 2018 Contracted Sales Target Increased to RMB 140.0B |
HONG KONG, Jan 8, 2018 - (Media OutReach) - CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 20 Real Estate Developers in China" is pleased to announce that the Group's total contracted sales in the full year of 2017 represented a YoY increase of approximately 96% and exceeded the Group's 2017 full year contracted sales target of RMB80.0 billion by 30%. The Group has set an initial contracted sales target for the full year of 2018 at RMB140.0 billion, representing an increase of approximately 35% from the contracted sales in 2017.
For the full year of 2017, the Group's total contracted sales achieved approximately RMB104.0 billion, representing a YoY increase of 96%. Contracted GFA amounted to approximately 6,291,700 sq.m., representing a YoY increase of 116%. Contracted ASP in 2017 was approximately RMB 16,500/sq.m.
For the full year of 2017, the Group's attributable contracted sales amounted to approximately RMB55.0 billion, representing a YoY increase of approximately 88%.
In December 2017, the Group achieved the contracted sales of RMB15.97 billion with contracted GFA of approximately 1,120,600 sq.m. Contracted ASP in December 2017 was approximately RMB14,300/sq.m.
About CIFI Holdings (Group) Co. Ltd.
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: http://www.cifi.com.cn
Investor Relations Contacts:
CIFI Holdings (Group) Co. Ltd.
Investor Relations
Tel: +852 2156 1316
Email: ir@cifi.com.cn
Topic: Press release summary
Source: CIFI Holdings (Group) Co. Ltd.
Sectors: Real Estate & REIT
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From the Asia Corporate News Network
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