\nFebruary 2021 –<\/p>\n
\u00a0<\/p>\n<\/p>\n
- \n
- In
\nJanuary 2021, the Group achieved contracted sales of approximately RMB 16.22
\nbillion, representing a YoY increase of approximately 66% (compared to January
\n2020). Contracted GFA amounted to approximately 990,400 sq.m..<\/li>\n<\/ul>\n- \n
- Contracted
\nASP was approximately RMB 16,400 \/ sq.m. in January 2021.<\/li>\n<\/ul>\nLand Acquisition<\/b><\/p>\n<\/p>\n
- \n
- In
\nJanuary 2021, the Group completed the following land acquisitions:\u00a0 <\/li>\n<\/ul>\n\n\n\n
\n \n City<\/b><\/p>\n<\/td>\n
\n Project<\/b><\/p>\n<\/td>\n
\n Group’s
\n Equity Interest <\/b><\/p>\n<\/td>\n\n Intended
\n Primary Use<\/b><\/p>\n<\/td>\n\n Site
\n Area<\/b><\/p>\n(sq.m.)<\/b><\/p>\n<\/td>\n
\n Total
\n Planned GFA (Excluding Carpark) (sq.m.)<\/b><\/p>\n<\/td>\n\n Group’s
\n Attributable Consideration (RMB)<\/b><\/p>\n<\/td>\n\n Average\u00a0<\/b><\/p>\n
Land
\n Cost (Excluding Carpark)\u00a0<\/b><\/p>\n(RMB\/<\/b><\/p>\n
sq.m.)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Putian<\/p>\n<\/td>\n
\n Hanjiang District, PS Auction, No. 2020-30 Project<\/p>\n<\/td>\n
\n 100%<\/p>\n<\/td>\n
\n Residential<\/p>\n<\/td>\n
\n 41,700<\/p>\n<\/td>\n
\n 108,400<\/p>\n<\/td>\n
\n 304,000,000<\/p>\n<\/td>\n
\n 2,806<\/p>\n<\/td>\n<\/tr>\n
\n \n Lu’an<\/p>\n<\/td>\n
\n Jin’an District, Liukaichu,<\/p>\n
No. 2020-8, 387 acres Project<\/p>\n<\/td>\n
\n 100%<\/p>\n<\/td>\n
\n Residential, Commercial<\/p>\n<\/td>\n
\n 258,000<\/p>\n<\/td>\n
\n 502,600<\/p>\n<\/td>\n
\n 1,070,000,000<\/p>\n<\/td>\n
\n 2,004<\/p>\n<\/td>\n<\/tr>\n
\n \n Harbin<\/p>\n<\/td>\n
\n Daoli District, Chengxiang Road Project<\/p>\n<\/td>\n
\n 80%<\/p>\n<\/td>\n
\n Residential, Commercial<\/p>\n<\/td>\n
\n 18,300<\/p>\n<\/td>\n
\n 55,000<\/p>\n<\/td>\n
\n 284,540,000<\/p>\n<\/td>\n
\n 6,470<\/p>\n<\/td>\n<\/tr>\n
\n \n Tianjin<\/p>\n<\/td>\n
\n Nankai District, Liuma Road Project <\/p>\n<\/td>\n
\n 60%<\/p>\n<\/td>\n
\n Residential<\/p>\n<\/td>\n
\n 15,000<\/p>\n<\/td>\n
\n 37,300<\/p>\n<\/td>\n
\n 762,000,000<\/p>\n<\/td>\n
\n 34,048<\/p>\n<\/td>\n<\/tr>\n
\n \n Chengdu<\/p>\n<\/td>\n
\n Wenjiang District, Wansheng TOD Project <\/p>\n<\/td>\n
\n 50%<\/p>\n<\/td>\n
\n Residential, Commercial<\/p>\n<\/td>\n
\n 188,100<\/p>\n<\/td>\n
\n 513,700<\/p>\n<\/td>\n
\n 1,405,620,000<\/p>\n<\/td>\n
\n 5,472<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\u00a0<\/p>\n
Company
\nNews<\/b><\/p>\n<\/p>\n- \n
- CIFI
\nformed a 65:35 joint venture with Zhang Tai Holdings to develop residential a
\nproperty project in Guangxi, accelerating the development of the Group’s
\ncommercial and residential property development business in Guangxi, and
\nfurther expanding its business presence in southern China and increasing the
\nnumber of its property projects through acquisition there. Moreover, Ever
\nSunshine Lifestyle Services Group, a subsidiary of the Group, announced an
\nacquisition of a 65% equity in the property management business of Zhang Tai,
\nrealizing the synergy between the brands of CIFI and Ever Sunshine.<\/li>\n - CIFI
\nsuccessfully issues senior notes with an aggregate principal amount of US$419
\nmillion. The senior notes are at a coupon rate of 4.375% and yield of 4.4% with
\na 6.25-year maturity period, which hit the record for the longest maturity
\nperiod and the lowest coupon rate of the Group’s offshore bond issuance. The
\nissue attracts enthusiastic response, with total orders at peak time exceeding
\nUS$4.8 billion, which was over 11 times of the total issue size. 82% of total
\nissuance is allocated to Asian investors, while the remaining 18% is allocated
\nto European investors. The final allocation to institutional investors is 72%
\nof total issuance. The proceeds of the note will be used for re-financing of
\nthe Group’s existing indebtedness.<\/li>\n - The
\nLin family, the major shareholder of CIFI, increased its shareholdings in the
\nGroup by a total of 1.376 million shares, fully reflecting its strong
\nconfidence about CIFI’s long-term development capabilities and the room for
\nfuture growth in the stock price.<\/li>\n - CIFI
\nand Peaktop Group jointly held a ceremony for their signing of a strategic
\ncooperation agreement. According to the agreement, the two parties will utilize
\ntheir resources and advantages to carry out in-depth and comprehensive
\ncooperation in the further development of the property market of Dongguan based
\non the principles of equality and mutual benefit, resource sharing, and
\ncomplementing each other with their respective advantages. The cooperation will
\nenhance the core competitiveness of the partners and enable them to explore
\nways to develop for mutual benefit as they are planning to build a better life
\nfor the people in the Greater Bay Area.<\/li>\n<\/ul>\n- \n
- CIFI
\nhas a good start in several projects:<\/b><\/li>\n- <\/ul>\n
- Hangzhou
\nCIFI Metropolis Project, China’s first BREEAM four-star dual-certified
\nresidence, has been started, indicating the recognition of CIFI’s green
\ntechnology products. BREEAM certification was founded by BRE (Building Research
\nEstablishment) in 1990. It is one of the world’s earliest established, most
\nwidely used, most widely recognized, objective and comprehensive green building
\nevaluation, rating and certification standards.<\/li>\n - CIFI’s
\nonline sales mini-program, Xu Ke Jia, was officially upgraded. Xu Ke Jia is an
\nonline sales platform set up by CIFI. It provides customers with detailed and
\ncomprehensive online services like online viewing of show flats, online
\nconsultancy and enquires, VR viewing of show flats, mortgage calculator, hot
\nnews, online presale, property agents’ recommendations, as well as online
\ncommission calculation. The annual transaction amounted to over RMB 13.8
\nbillion, and the number of registered property agents reached over 560,000.<\/li>\n - As
\none of the first three shortlisted companies, CIFI acquired a 66% equity stake
\nin the 354-mu Xinjin Station TOD project on 4 December 2020 and a 100% equity
\nstake in the 283-mu Wenjiang Wansheng Station TOD (transit-oriented
\ndevelopment) project on 5 January 2021, respectively, in Chengdu, Sichuan
\nprovince. The acquisitions mark Chengdu CIFI’s important step in the direction
\nof the overall operation of property projects in a city that embraces the TOD
\nconcept, and the beginning of a new government-enterprise collaboration model
\nfor TOD development. In 2017, Chengdu mapped out its strategy for developing
\nTOD projects. Since 2019, it has been developing TOD projects which have served
\nas benchmarks worldwide and have set examples for the industry.<\/span><\/li>\n<\/ul>\n\u00a0<\/p>\n<\/p>\n
– Capitalizing on the upcoming Spring Festival,
\nHangzhou CIFI Zhaowen Huacheng Project sold 288 units with total sales value of
\nRMB 860 million. Sales reached RMB 810 million with a sell-through rate of 93%
\non the day of the project launch. It conducted four additional sales launches
\nwithin 68 days, recording cumulative sales of RMB 2.3 billion.<\/ul>\n- – Xi’an CIFI Legend Palace Project is located on
\nthe edge of the economic zone of Chanba Headquarters in Xi’an. It and Daming
\nPalace in the north of the city and the commercial zone in the east of the city
\nform a triad. In the first 8 days that sales were conducted, Xi’an CIFI Legend
\nPalace Project succeeded in registering many home buyers despite the
\ncompetition from low-priced residential units in the city because of its
\nproduct strength and capability of building up a large customer base. The
\ncontracted sales at the project in January exceeded RMB 1.0 billion as home
\nbuyers were willing to pay a premium for the properties at the project. As a
\nresult, the project outperformed the market in sales.<\/span><\/ul>\n<\/p>\n- \n
- Hangzhou
- CIFI
- CIFI
- In
- Contracted