(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)
Contracted Sales In RMB Million (approx.)
Representing GFA In Thousand sq.m. (approx.)
Beijing and vicinity
Shanghai and vicinity
Hangzhou and vicinity
Fuzhou and vicinity
Johor Bahru, Malaysia
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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.)