/EINPresswire.com/ -- 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 contracted sales for August 2016 increased 54% year-on-year to RMB3.70 billion. The first eight months achieved year-on-year growth of 154% to RMB36.30 billion, exceeded 83% of the full year sales target.

In August 2016, the Group's contracted ASP was RMB 19,600 per sq.m., up approximately 38% year-on-year, with the contracted GFA was approximately 188,500 sq.m.

From January to August 2016, contracted sales of the Group increased 154% year-on-year to RMB36.30 billion with a contracted GFA of approximately 2,043,900 sq.m., while contracted ASP from January to August 2016 was approximately RMB17,800 per sq.m., up approximately 40% year-on-year. During the first eight months of 2016, contracted sales of the Group achieved 83% of its full year contracted sales target of RMB43.8 billion.

Land Acquisition
In August 2016, the Group has successfully conducted the following 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.)
Shenyang	Tiexi District First Grain Warehouse Project	100%	Residential	84,832	186,630	1,222,430,000	6,550
Shenyang	Dadong District Vocational and Technical College South-1 Project	100%	Commercial, Residential	55,560	133,344	346,690,000	2,600
Shenyang	Dadong District Vocational and Technical College South-2 Project	100%	Commercial, Residential	61,451	135,192	367,720,000	2,720

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About CIFI Holdings (Group) Co. Ltd.
CIFI is headquartered in Shanghai and is amongst China's Top 30 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

For more information, please contact:
iPR Ogilvy & Mather
Gary Li / Joseph Zhou / Lily Zhang / Ophelia Wong
Tel: (852) 2136 6185
Fax: (852) 3170 6606
Email: Email Contact

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