CIFI Holdings (Group) Co. Ltd.: Achieving Contracted Sales and ASP Increase in November 2014

HONG KONG, Dec. 9, 2014 /PRNewswire/ -- CIFI Holdings (Group) Co. Ltd. ("CIFI", or the "Group", HKEX Code: 884), one of the "Top 100 Real Estate Developers in China" is pleased to announce that the contract sales and ASP recorded growth in November.

The Group's contracted sales in the first eleven months of 2014 represents a year-on-year increase of approximately 34% over the contracted sales in the same period in 2013. During the first eleven months of 2014, the Group completed approximately 87% of its full year 2014 contracted sales target of RMB 22 billion.

From January to November 2014, the Group achieved contracted sales and contracted GFA of approximately RMB 19.03 billion and 1,580,000 sq.m., respectively. Contracted ASP from January to November 2014 was approximately RMB 12,000 per sq.m.

In November 2014, the Group achieved contracted sales of approximately RMB 2.16 billion with contracted GFA of approximately 149,000 sq.m. Contracted ASP in November 2014 was approximately RMB 14,500 per sq.m.

Land Acquisition

In November 2014, the Group successfully purchased the following new project:

Credit Rating Upgrade

In November 2014, Moody's upgraded our issuer's credit rating to 'Ba3' with ''Stable'' outlook.

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.

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