KWG Property Holding Limited October Attributable Pre-Sales
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Press Release [For Immediate Release] KWG Property Holding Limited October Attributable Pre-sales Surged 28.9% y-o-y to RMB1,911 million ****** Achieved 80% of Full Year Target in First Ten Months with Attributable Pre-sales of RMB16.7 billion (11 November 2014 - Hong Kong) KWG Property Holding Limited (“KWG Property” or the “Group”, 1813.HK), one of the leading property developers in Guangzhou City, is pleased to announce its pre- sales result for October 2014. In October 2014, the Group’s gross pre-sales value amounted to RMB2,718 million. The Group’s attributable pre-sales value amounted to RMB1,911 million (as compared to RMB1,705 million in September 2014 and RMB1,482 million in October 2013), representing a month-on-month increase of 12.1% and a year-on-year increase of 28.9%, respectively. The Group’s attributable pre-sales area amounted to approximately 142,300 sq. m. (as compared to 118,000 sq. m. in September 2014 and 99,500 sq. m. in October 2013). For the first ten months, the Group has achieved a total of RMB16.7 billion of attributable pre-sales value, representing 80% of the Group’s full year pre-sales target of RMB21 billion and a year-on-year increase of 24.8%. - End - About KWG Property (HKSE stock code: 1813) Established in 1995, KWG Property is one of the leading property developers focusing on mid to high- end properties with premium quality in prime locations in Guangzhou. Going through 19 years of development, the Group has an efficient property development system, as well as a balanced product portfolio which includes mid- to high-end residential properties, serviced apartments, villas, office buildings, hotels and shopping malls. Currently, the Group has expanded to high potential markets outside of Guangzhou. A strategic development framework has been formed, with Guangzhou, Hainan and Nanning as its hub for South China, Suzhou, Shanghai and Hangzhou for East China, Chengdu for Southwest China, and Beijing and Tianjin for the Bohai Rim region. Issued by Cornerstones Communications Ltd. on behalf of KWG Property Holding Limited. For further information, please contact: KWG Property Holding Limited Hoffman Tsui / Linda Wu Tel: (86) 20-8550 0828 / 8550 0262 Fax: (86) 20-8550 0990 / (852) 2878 7091 Email: [email protected] / [email protected] Cornerstones Communications Ltd. Harriet Lau / Kylie Yeung / Tiffany Chan Tel: (852) 2903 9290 / 2903 9293 / 2903 9283 Fax: (852) 2887 1712 Email: [email protected] / [email protected] / [email protected] .