Zhongliang Holdings Group (2772.HK) Achieved RMB114.5B in First Ten Months of 2019, up approx. 40% YoY
HONG KONG,Nov. 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 October 2019.
Contracted Sales
Achieved RMB114.5B in First Ten Months of 2019,up approx. 40% YoY Completed 88% of Full Year Sales Target
From January to October 2019,the Group achieved contracted sales (including those from joint ventures and associated companies) of approximately RMB114.5 billion,representing a YoY increase of approximately 40% and contracted GFA of approximately 10,949,500 sq.m.,representing a YoY increase of approximately 36%. From January to October 2019,contracted ASP was approximately RMB10,500 /sq.m.
In October 2019,the Group achieved contracted sales of approximately RMB14.0 billion,representing a YoY increase of approximately 79% and contracted GFA of approximately 1,291,600 sq.m.,representing a YoY increase of approximately 31%. The contracted ASP amounted to approximately RMB10,800 /sq.m.
Land Acquisition
From January to October in 2019,the Group added a total of 115 land parcels,with an aggregate land premium of approximately RMB59.2 billion.
Table below is the October 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. HS17-03-09 at Haishu
District,Ningbo City
Ningbo
Second-tier
Zhejiang
Yangtze River
Delta
258,134
51,215
148,524
17,380
Land at Phase 1,Shushiying No. 1,
Lvshunkou District,Dalian City
Dalian
Second-tier
Liaoning
Pan-Bohai
Rim
36,727
61,894
107,445
3,418
Land no. L02-02/02 at the south of
Chang'an Avenue,Dianjiang
County,Chongqing City
Chongqing
Second-tier
Chongqing
Midwest
China
32,633
164,816
296,669
1,100
Land no. SG-1961 at Xiaodian
District,Taiyuan City
Taiyuan
Second-tier
Shanxi
Midwest
China
29,845
13,901
69,504
4,294
Land no. FT1911 at Old Town
District,Fanchang County
Wuhu
Third-tier
Anhui
Yangtze River
Delta
27,420
76,785
153,570
1,786
Land no. 2 at Laojie Organic
Renewal Phase I,Ersanli Street,
Yiwu
Yiwu
Third-tier
Zhejiang
Yangtze River
Delta
98,720
49,097
147,290
6,702
Land E at Lukang North Plant
Area
Jining
Third-tier
Shandong
Pan-Bohai
Rim
24,540
37,431
82,348
2,980
Land no. 081 at Gao Xin District,
Ankang City
Ankang
Fourth-tier
Shaanxi
Midwest
China
49,430
116,733
245,139
2,016
Land no. Bang Gua (2019) 50 at
Huai Shang District,Bangbu City
Bangbu
Fourth-tier
Anhui
Yangtze River
Delta
23,294
56,469
112,938
2,063
Land P(2019) 126,West Lake
Road,west of Tianmen City
Tianmen
Fourth-tier
Hubei
Midwest
China
10,648
46,483
120,856
881
*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 Royal series,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.
