Zhongliang Holdings Group (2772.HK) Achieved RMB86B in First Eight Months of 2019, up approx. 28% YoY
HONG KONG,Sept. 4,2019 -- The board of directors of Zhongliang Holdings Group Company Limited (the "Group"; Stock Code: 2772) announced the certain unaudited operating statistics of the Group for August 2019.
Contracted Sales
Achieved RMB86B in First Eight Months of 2019,up approx. 28% YoY Completed 66% of Full Year Sales Target
From January to August 2019,the group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB86 billion,representing a YoY increase of approximately 28% and contracted GFA of approximately 8,315,300 sq.m.,representing a YoY increase of approximately 35%. From January to August 2019,contracted ASP was approximately RMB10,300 /sq.m.
In August 2019,the group achieved contracted sales of approximately RMB11 billion,representing a YoY increase of approximately 22% (compared to August 2018) and contracted GFA of approximately 1,120,000 sq.m.,representing a YoY increase of approximately 25% (compared to August 2018). The contracted ASP amounted to approximately RMB9,800 /sq.m.
Land Acquisition
From January to August in 2019,the group added a total of 94 land parcels,with an aggregate land premium of approximately RMB46 billion.
Table below is the August land acquisition:
Project
City
City level
Province
Region
Land Cost
(RMB10,000)
Site
Area
(sq.m.)
Total Planned
GFA Excluding
Carpark
(sq.m.)
Average
Land Cost
(RMB/sq.m.)
Land no. 2019-21 at Chengxi
Area,
Chaohu City
Chaohu
Fourth-tier
Anhui
Yangtze River Delta
40,112
47,335
94,670
4,237
Land of Federation of Supply
and Marketing at
Huangdao Area,Qingdao City
Qingdao
Second-tier
Shandong
Pan-Bohai Rim
24,800
6,667
20,667
12,000
Land at South of Zhuxiashu
Road and East of
Longjiangzhong Road,Zhonglou Area,Changzhou
City
Changzhou
Third-tier
Jiangsu
Yangtze River Delta
133,000
83,642
184,012
7,228
Land at South of Feng'an Henan
and West of Shuntong Road,
Hengli Town,Economic
Development Zone,
Changzhou City
Changzhou
Third-tier
Jiangsu
Yangtze River Delta
58,900
67,402
148,284
3,972
Land no. AJ2019J-42 at
Chengbei,
Anji County
Huzhou
Third-tier
Zhejiang
Yangtze River Delta
45,860
65,378
98,067
4,676
Land no. AJ2019J-43 at
Chengbei,
Anji County
Huzhou
Third-tier
Zhejiang
Yangtze River Delta
7,015
10,261
15,392
4,558
Land C at Hanshan,Quanshan
Area,
Xuzhou City
Xuzhou
Third-tier
Jiangsu
Yangtze River Delta
172,400
64,322
141,509
12,183
Land at Beiyuan Thermal Power
Station,Jinjishan,
Chengzhong,Zhuji
Shaoxing
Third-tier
Zhejiang
Yangtze River Delta
54,018
64,135
83,376
6,479
Land no. D-13 at Hongshan
Area,
Chifeng City
Chifeng
Third-tier
Inner Mongolia
Midwest China
33,100
44,179
88,358
3,746
*Note: Subject to land biding,investment cooperation agreements,land grant contracts and equity cooperation agreements
Company Profile
Headquartered in Shanghai,based in the Yangtze River Delta Economic Region with a national footprint,Zhongliang Holdings is a fast-growing comprehensive nationwide real estate developer with 100 billion contracted sales. In 2019,we are recognized as TOP 20 real estate developer in China and ranked TOP 1 in terms of development potential by China Real Estate Association and E-house China R&D Institute China Real Estate Appraisal Center. We focus on the development of residential properties and have recently started to develop,operate and manage commercial properties.
We offer three standardized product series,namely,the Shanti,the Glory and the Royalseries,targeting first-time purchasers,first-time upgraders and second-time upgraders. By virtue of approximately 19 years of experience in China's real estate industry and regional expansion strategy,we have a product portfolio of 385 projects across five core economic zones in China,Yangtze River Delta,the Midwest China,the Pan-Bohai,the Western Taiwan Straits and the Pearl River Delta,covering 139 cities in 23 provinces and municipalities,our total land bank reached 53 million sq.m as at 30 June 2019.
