R&F Properties' Cumulative Salesas of November 2016 Rises by24% YoY to RMB56.13 Billion
 
Dec 06, 2016
Category:

(2December, 2016- HONG KONG) - Guangzhou R&F Properties Co., Ltd. ("R&F Properties" or together with its subsidiaries the "Group"; stock code: 02777) is pleased to announce that the Group's monthly contracted sales amount to approximately RMB3.32 billion in November with 272,900 sq.m. of GFA sold. As of November 2016, the Group has accumulated a cumulative contracted sales of RMB56.13billion, with 4,289,200 sq.m. of GFA sold, representing year-on-year increase of 24% and 19% respectively.

The cumulative joint-venturing portion included amounted to RMB5.00 billion (approximately 341,900 sq.m. of equivalent area) while the overseas (Malaysia and Australia) portion included reached RMB1.24 billion (approximately 52,600 sq.m. of equivalent area).

Mr. Adrian Chan Chi Hoo, Assistant to Chairman of R&F Properties, said, "Despite impact of recent policies on overall market conditions, the Company continues to achieve satisfactory sales in November. As of 30 November, overall cumulative sales increased by 24% year-on-year."
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Breakdown of Contracted Sales by City (November 2016)

City Contracted Sales
In RMB Million (approx.)
Representing GFA
In Thousand sq.m. (approx.)
Guangzhou 571.7 16.5
Beijing and vicinity 72.7 3.3
Tianjin 377.9 26.4
Xian 40.3 4.8
Taiyuan 142.4 14.5
Zhengzhou 33.8 2.5
Shenyang 23.0 3.4
Huizhou 161.3 16.8
Hainan 333.8 30.2
Chongqing 237.3 40.1
Chengdu 56.2 7.2
Shanghai and vicinity 19.3 2.1
Wuxi 46.0 3.5
Hangzhou and vicinity 110.0 6.3
Nanjing 17.7 0.8
Harbin 61.2 5.4
Datong 49.7 10.1
Baotou 188.1 22.2
Meizhou 143.9 22.2
Guiyang 34.2 4.5
Fuzhou and vicinity 118.7 7.9
Foshan 31.5 2.1
Zhuhai 249.3 8.5
Nanning 35.8 3.4
Johor Bahru, Malaysia 115.6 7.0
Brisbane, Australia 53.4 1.2
Total 3,324.8 272.9
 

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Corporate Information
Founded in 1994, R&F Properties is one of the leading property developers focusing on medium and higher-end property developments and targeting its sale to middle and upper-middle income residents. Today, the Company has expanded out from Guangzhou into another 30 cities and areas, Beijing and Vicinity, Tianjin, Shanghai and Vicinity, Hangzhou and Vicinity, Xian, Chongqing, Hainan, Taiyuan, Shenyang, Huizhou, Nanjing and Vicinity, Chengdu, Harbin, Datong, Wuxi, Changsha and Vicinity, Meizhou, Fuzhou and Vicinity, Guiyang, Nanning, Foshan, Zhuhai, Baotou, Zhengzhou, Shijiazhuang, Shenzhen, Ningbo, Malaysia (Johor Bahru), and Australia (Melbourne and Brisbane). These expansion plans have driven the size and scope of its business to another level. In addition to developing and selling quality private residential properties, the Group also develops, sells and leases commercial and office spaces, as well as engaging in other ancillary property-related services including architectural and engineering design, engineering supervision, property management and property agency services. R&F Properties has recently diversified its property portfolio by developing hotels and shopping malls. Today, we are proud owners of the Ritz-Carlton, Park Hyatt, Grand Hyatt and Holiday Inn Airport Zone in Guangzhou, Marriott Renaissance and the Holiday Inn Express in Beijing, Renaissance Huizhou Hotel, Intercontinental Huizhou Resort, Hyatt Regency Chongqing Hotel, Holiday Inn in Chongqing University Town, Ritz-Carlton in Chengdu, Pullman Hotel in Taiyuan, Marriott Resort & Spa in Hainan Xiangshui Bay and DoubleTree Resort by Hilton Haikou-Chengmai.

(In view of the presence of various uncertainties during the sales process, there may be a discrepancy between the above-mentioned sales figures and the figures disclosed in regular reports. As such, the related statistics are periodical figures for investors' reference only.)

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