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Contracted Sales of RMB19.04B in March 2019, YoY growth of 87% ; Contracted Sales of RMB34.41B in 1Q 2019, YoY growth of 27%

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HONG KONG, CHINA -�Media OutReach
�- 8 April 2019 -�

  • In March
    2019, the Group achieved contracted sales of RMB19.04 billion,
    representing a YoY increase of approximately 87% (compared to March 2018).
    Contracted GFA amounted to approximately 1,028,900 sq.m. and contracted
    ASP was approximately RMB18,500/sq.m. in March 2019.
  • From
    January to March 2019, the Group achieved contracted sales of RMB34.41
    billion, representing a YoY increase of approximately 27%. Contracted GFA
    amounted to approximately 1,937,000 sq.m. and contracted ASP was
    approximately RMB17,800/sq.m. from January to March 2019.
  • From January to March 2019, breakdowns of the Group's contracted
    sales were as follows:

By City

RMB (billion)

% of total

Beijing

5.33

15.5%

Shanghai

3.06

8.9%

Hangzhou

2.37

6.9%

Chongqing

2.36

6.9%

Wenzhou

1.51

4.4%

Wuhan

1.47

4.3%

Hefei

1.41

4.1%

Xian

1.34

3.9%

Suzhou

1.31

3.8%

Jinan

1.23

3.6%

Ningbo

1.09

3.2%

Shenyang

1.07

3.1%

Nanjing

0.96

2.8%

Wuxi

0.93

2.7%

Foshan

0.92

2.7%

Jiaxing

0.86

2.5%

Guangzhou

0.82

2.4%

Tianjin

0.77

2.2%

Linyi

0.70

2.0%

Hong Kong

0.69

2.0%

Changzhou

0.65

1.9%

Chengdu

0.59

1.7%

Changsha

0.58

1.7%

Qingdao

0.35

1.0%

Nantong

0.24

0.7%

Weifang

0.22

0.6%

Quzhou

0.20

0.6%

Xuzhou

0.20

0.6%

Sanya

0.19

0.6%

Guiyang

0.16

0.5%

Xuchang

0.13

0.4%

Others

0.70

2.0%

By Region

RMB (billion)

% of total

Yangtze River
Delta

14.99

43.6%

Pan Bohai Rim

9.80

28.5%

Central
Western Region

6.67

19.4%

South China
Region

2.95

8.6%



Land Acquisition

  • In March 2019, the Group completed
    the following land acquisitions:

City

Project

Group's Current
Equity Interest

Intended Primary
Use

Site Area

(sq.m.)

Total Planned GFA
Excluding Carpark (sq.m.)

Group's
Attributable Consideration (RMB)

Average

Land
Cost (RMB/

sq.m.)

Hefei

Feixi County,

No. 2018-26

Project

100%

Residential/

Commercial

142,100

307,100

1,766,120,000

5,751

Hefei

Xinzhan District, XZQTD237 Project

50%

Residential

54,800

82,200

267,070,000

6,500

Tianjin

Xiqing District, Jinwu Town, West Binshui Road
Project

100%

Residential/

Commercial

142,400

287,800

3,638,000,000

12,640

Tianjin

Wuqing District, Nanhu No. 10 Project

100%

Residential

147,900

221,800

1,131,200,000

5,099

Qingdao

Huangdao District, Guzhenkou, Lingxi Bay Project

51%

Residential/

Commercial

232,500

302,200

558,380,000

3,623


Major Financing Activities

�

  • In March 2019,
    CIFI issued 5-year US$255 million senior notes at a coupon rate of 6.55%
    due March 2024. The issue was well received by the capital market. The
    coupon rate is one of the lowest among the China-based property developers
    with the same credit level recently.

�


S&P





Upgraded
CIFI's Rating to "BB" with "Stable" Outlook

�

  • In March 2019, Standard & Poor upgraded CIFI's rating from "BB-"
    to "BB" with "stable" outlook. S&P's upgrade suggests that CIFI
    significantly improved its scale of sales and geographical diversity in
    the past 2-3 years. The "stable" outlook reflects S&P's expectation
    that CIFI will continue to expand its sales scale with controllable
    leverage    .





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.�

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