CIFI’s contracted sales grew by 104% year on year to RMB26.46 billion in April 2021

HONG
KONG SAR – Media OutReach -
6 May 2021 –

• In April 2021, the Group achieved
  contracted sales of approx. RMB26.46 billion, representing a YoY increase of
  approx. 104% (compared to April 2020). Contracted GFA amounted to approx.
  1,501,900 sq.m. and contracted ASP was approx. RMB17,600 / sq.m. in April 2021.
• From January to April, the Group
  achieved contracted sales of approx. RMB83.16 billion, representing a YoY
  increase of approx. 135%. Contracted GFA amounted to approx. 4,903,000 sq.m..
  Contracted ASP was approx. RMB17,000 / sq.m. in from January to April 2021.

 

Land
Acquisition

• In April 2021, the Group completed the
  following land acquisitions: 

City	Project	Group’s Equity Interest	Intended Primary Use	Site Area (sq.m.)	Total Planned GFA (Excl. Carpark) (sq.m.)	Group’s  Attributable  Consideration (RMB)	Average  Land Cost (Excl. Carpark)  (RMB/ sq.m.)
Chongqing	Yubei District,  Two Road Group E Zone Project	100%	Residential	102,700	154,000	1,900,000,000	12,338
Shenyang	Huanggu District, Xiyao Phase II, Phase 1B Plot Project	100%	Residential, Commercial	155,800	311,700	1,980,160,000	6,353
Dezhou	Development Zone, No. 2020-014  Linzhuang Plot Project	100%	Residential, Commercial	70,100	154,200	946,650,000	6,140
Zibo	Zibo City, Huantai County, Plot 033	100%	Residential	70,000	140,000	550,360,000	3,931
Wenzhou	Longwan District, Puzhou E10a Project	70%	Residential, Commercial	30,500	76,200	669,460,000	12,551
Dalian	Zhongshan District, Donggang D18 Project	55%	Commercial, Office	26,000	156,000	638,410,000	7,389
Wenzhou	Longwan District,  Jinhai Park, C-10 Plot Project	50%	Residential, Commercial	118,000	342,100	1,112,750,000	6,505
Changzhou	Economic Development Zone,  Jinyi Tianzhang Project	40%	Residential, Commercial	93,700	206,200	500,000,000	6,062

 

Company
News

• On 23 April 2021, CIFI Holdings
  (Group) Co. Ltd. (“CIFI Holdings”, stock code: 884), redeemed all Senior
  Notes matured on 23 April 2021 in full at their outstanding principal amount of
  US$293 million. Together with interest accrued to the maturity date, the total
  redemption amount of the Senior Notes is approximately US$303 million. The
  total size of the Senior Notes issued on 24 April 2018 was US$500 million with
  the coupon rate of 6.875%.
• On 22-26 April 2021, the major
  shareholder of CIFI Holdings, Lin’s Family increased the CIFI shareholdings by
  2.0 million shares, reflecting their strong confidence in the long-term
  development capabilities and the growth potential of the Company’s share
  performance in future.
• Jinke-CIFI Canal City (金科旭輝*上河之城),
  which is located in Didang New Town (迪蕩新城) in Shaoxing, Zhejiang province, is a
  large-scale commercial and residential complex jointly developed by Jinke and
  CIFI. The project will have a gross floor area of 500,000 sq.m. and surrounded
  by high quality facilities including the campus of Shao Chu Feng Lin (紹初鳳林)
  School, Hong Qiao International School and the Maternity and Child Health
  Hospital of Shaoxing City. The project will build a 25,000-sq.m. riparian
  commercial street and a 60,000-sq.m. shopping plaza. The residential units of
  the project launched sales on 28 April and 404 flats were sold on that day,
  with the sell-through rate of approximately 80%.
• Beijing CIFI Park City project, which
  is located in Shunyi District of Beijing, is a residential property project
  which will be comprised of two residential zones with a 43,000-sq.m. central
  park right at the centre between them, and a 19,000-sq.m. commercial street.
  The project also marks the debut of CIFI’s 7th-generation residential
  properties in Beijing. The layout of the residential buildings will resemble
  the arrangement of piano keys for the musical note C. The designs of the flats
  suit the needs of the younger generation of homebuyers. The small-sized flats
  take the shape of a rectangle and contain cross ventilation windows in south
  and north whereas the medium-sized flats have double balconies facing south and
  north. CIFI adopts a policy of transparency regarding the standards, data and
  the process of development and sale of properties. Therefore, the quality
  residential project with a park embodies CIFI’s concept of “transparent
  factory”. The flats at the project launched sales on 15 April and more than
  RMB1 billion contracted sales were recorded in the first two hours.
• On 30 April 2021, Henderson·CIFI The
  ROOF was grandly opened. The project is located at Xintiandi commercial area in
  Huangpu District, CBD of Shanghai. The project is surrounded by Madang Road,
  Jianguo East Road and Danshui Road, which are with long history, with a total
  gross floor area of about 45,000 sq.m. The ROOF is an integrated commercial
  complex including multi-purpose offices, MIX luxury and fashion shopping mall
  and urban public spaces. Henderson·CIFI The ROOF takes “art, fun, and
  humanity” as the theme of the project, making it the first cultural
  landmark project in Puxi, the west side of Huangpu River. The occupancy rate of
  the project reached 100% and the shop opening rate was about 90.7%, while the
  pedestrian flow on the first day of grand opening reached the target of 133%.

Disclaimer:

All
information contained in this newsletter is meant for your own reference only,
and is not intended to, nor should it, constitute any investment 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 of changes in our development, sales and
investment processes and may not be consistently reflected in our financial
reports. The Company expressly disclaims any liability for any of your loss or
damage howsoever arising from or in reliance upon the contents of this
newsletter.