EQS-News / 05/10/2016 / 10:58 UTC+8

R&F Properties' Monthly Sales in September 2016 Surges 84% YoY
to RMB8.55 Billion

(4 October, 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 surged by 84% year-on-year to approximately RMB8.55 billion in September with 516,100 sq.m. of GFA sold.

As of September 2016, the Group has accumulated a cumulative contracted sales of RMB48.51 billion, with 3,694,100 sq.m. of GFA sold, representing a year-on-year increase of 43% and 31% respectively. The cumulative joint-venturing portion included amounted to RMB4.24 billion (approximately 293,000 sq.m. of equivalent area) while the overseas (Malaysia and Australia) portion included reached RMB0.98 billion (approximately 39,500 sq.m. of equivalent area).

Mr. Adrian Chan Chi Hoo, Assistant to Chairman of R&F Properties, said, "In September, the Group delivered strong sales performance. The monthly contracted sales reached approximately RMB8.6 billion, a significant 84% year-on-year growth for the same period of last year. The Group's new projects or phases launched within the month received an encouraging response. Significant contributions in the month were from newly launched Guangzhou R&F Yuexi, which contributed over RMB400 million in contracted sales. Harbin R&F Jiangwan New Town's new phase of office recorded a contracted sales of approximately RMB400 million. The strong performance in September provides the Group with confidence to meet our yearly contracted sales target."
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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.)

More information about R&F Properties, please visit company website or follow official wechat.

Website: http://www.rfchina.com/

05/10/2016 Dissemination of a Press Release, transmitted by EQS Group.
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