Longfor : Newsletter - Dec 2018

Latest Projects

Longfor acquired 10 new projects this month (2 of which were from M&A).

•  In December, the Group acquired a 51% stake in Shique Beach B plot in Qingdao. Located in the core area of Huangdao District, the plot is directly accessible to the main city along the Binhai Avenue. Adjacent to Golden Sand Beach (National 4A Scenic Area), the plot is surrounded by an excellent landscaped environment and comprehensive educational and commercial facilities. The project covers a site area of 5, 800 m2, with a total planned GFA of 24,800 m2 (planned attributable GFA of 12,600 m2). The attributed land price amounted to RMB 138 million with an accommodation value of RMB10,877/m2. The plot will be developed into a mid- to high-end residential community targeting upgraders.

•  In December, the Group acquired a 50% stake in Dongling South Street plot in Shenyang. The plot is

  杭州龙湖天钜

  Hangzhou Longfor Mansion

  located in Hunnan District, close to the Ring Expressway and the East-West Expressway. It is also close to several subway stations and has good accessibility. Located in Qipanshan Scenic Area, the plot has abundant landscape resources. The project covers a site area of 420,300 m2, with a total planned GFA of 396,000 m2 (planned attributable GFA of 198,000 m2). The total acquisition price amounted to RMB726 million, with an accommodation value of RMB3,670/m2. The plot will be developed into a mid- to high-end residential community targeting upgraders.

•  On December 11, the Group acquired a 25% stake in Gaoliying plot in Beijing. The plot is located in Shunyi District, adjacent to Beijing-Chengde Expressway, and next to Future Science Park North Station on Metro Line 17 (under construction). Surrounded by beautiful natural environment, the plot is a mature villa area with sufficient commercial, medical and educational resources. The project covers a site area of 43,300 m2, with a total planned GFA of 65,000 m2 (planned attributable GFA 16,200 m2) .The attributed land price amounted to RMB510 million, with an accommodation value of RMB 31,390/m2. The plot will be developed into a mid-to-high-end residential community targeting upgraders.

On December 14, the group acquired the Luotuo Street plot in Ningbo. The plot is located in Zhenhai New Town, close to several main roads and Luotuo North Station (under planning) on Metro Line 3. The plot is surrounded by high-quality business, education, medical resources and habitable environment. The project covers a site area of 112,900 m2, with a total planned GFA of 230,100 m2.The total land price amounted to RMB 1.50 billion, with an accommodationvalue of RMB6,533/m2. The plot will be developed into a mid-to-high-end residential community targeting upgraders.

•  On December 21, the Group acquired a 70% stake in Shuanghe Road plot in Qingdao. The plot is located in the Huangdao District. It is close to a number of ground transportation lines and Zhangjialou Station on Metro Line 13. The plot is well connected to the core area of Huangdao District and the central downtown of Qingdao. Located to the east side of the project is Dazhu Mountain (National 4A Scenic Area), with abundant natural resources and educational, commercial supporting resources. The project covers a site area of 135,000 m2, with a planned GFA of 194,300 m2 (planned attributable GFA 136,000 m2). The attributed land price amounted to RMB227 million, with an accommodation value of RMB1, 668/m2. The plot will be developed into a mid-to-high-end residential community targeting upgraders.

•  On 26 December, the Group acquired the Zhaojuesi South Road plot in Chengdu. Located in Chenghua District, the plot is well connected to transportation networks, and is close to Chengdu North Railway Station and Zoo Station on Metro Line 3. Commercial and educational facilities are also well-equipped. The project covers a site area of 19,900 m2, with a total planned GFA of 59,600 m2. The total land price amounted to RMB420 million with an accommodation value of RMB7, 040/m2. The plot will be developed into a mid- to high-end residential community targeting upgraders.

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On 27 December, the Group acquired the Changqing Road plot in Nantong. Located in Gangzha District, the plot is close to Yongyi Road Station on Metro Line 2 and elevated roads like Jianghai Avenue, with direct access to the Nantong International Airport and Nantong West Railway Station. Close to Haohe Scenic Area, the project is surrounded by abundant commercial and educational facilities. The project covers a site area of 41,400 m2, with a total planned GFA of 52,000 m2. The total land price amounted to RMB494 million with an accommodation value of RMB9,507/m2. The plot will be developed into a mid-to high-end residential community targeting upgraders.

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On 28 December, the Group acquired the Shiling Street plot in Chengdu. Located in Longquanyi District, the plot is close to 3rd Ring Road and Linglong Road Station on Metro Line 9. It is surrounded by abundant commercial and educational facilities, with beautiful views of Qinglonghu Wetland Park. The project covers a site area of 95,500 m2, with a total planned GFA of 191,000 m2. The total land price amounted to RMB1.78billion with an accommodation value of RMB9,300/m2. The plot will be developed into a mid-to high-end residential community targeting upgraders.

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On December 28, the Group acquired the Huaxin Avenue plot in Chengdu. Located in Longquanyi District, the plot has convenient transportation links with several subway lines (under planning) and arterial roads of the loop road nearby. Adjacent to Longquan Old Town and Longquanshan Forest Park, the plot is surrounded by abundant commercial, educational and medical resources. The project covers a site area of 78,300 m2, with a total planned GFA of 117,500 m2. The total land price amounted to RMB734 million with an accommodation value of RMB6,250/m2. The plot will be developed into a mid- to high-end residential community targeting upgraders.

On December 29, the Group acquired the Xinanjiang Road plot in Hefei. Located at the junction of Feidong County and Yaohai District, the plot is surrounded by several main roads that directly lead to the central city and the airport, and it is close to the Sanshibu Station on Metro Line 20. The plot is surrounded by abundant education and business facilities and its medical facilities are gradually improving. The project covers a site area of 164,400 m2, with a total planned GFA of 385,300 m2. The total land price amounted to RMB1.452 billion with an accommodation value of RMB3,769/m2. The plot will be developed into a mid-to-high-end residential community targeting upgraders.

Sales Overview

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In 2018, the Group recorded aggregated contracted sales of RMB200.64 billion, representing a y-o-y increase of 28.5%, with the contracted GFA sold amounting to 12.363 million m2. In December, the Group recorded contracted sales of RMB18.47 billion, with contracted GFA sold amounting to 1.053 million m2.

2018 Contracted Sales - Regional Breakdown

Contracted

Sales

47.24

68.97

55.92

7.00

21.51

(All figures above are unaudited)