Latest Projects
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HKSE Stock Code: 960 Latest Projects On 1 Dec, the Group acquired a plot at Huaiyin District in Jinan. The plot is located at the south of Guangyou Tea City on Zhangzhuang Road which is the traditional old town area and close to the junction of three railway lines. The area has excellent and comprehensive commercial, educational, and medical facilities and resources, which enjoy a high degree of recognition among consumers. The plot covers a site area of 2 2 24,900 m with a planned GFA of 77,100 m . The total consideration is Hongqiao Paradise Walk - Exterior RMB761 million, with an accommodation value of RMB9,872/ m2. The (上海 虹桥天街-外部) plot will be developed into a mid- to high-end residential community targeting upgraders. On 2 Dec, the Group acquired a plot at Jinnan District in Tianjin. Located at the core of Xianshuigu Town in Jinnan District, the plot is near Longfor Mansion which was launched at the end of 2016, and close to the Jingang Expressway and Metro Line 6. Large shops are under construction in the neighbourhood and the surrounding amenities are gradually becoming more comprehensive. The plot covers a site area of 93,200 m2, with a planned GFA of 139,800 m2. The total consideration is Hongqiao Paradise Walk - Interior RMB1.55 billion, with an accommodation value of RMB11,085/ m2. The (上海 虹桥天街-内部) plot will be developed into a mid- to high-end residential community targeting upgraders. On 2 Dec, the Group acquired a 65% equity interest in a plot at Kunxiu Lake in Shanghai. Located in the planned green ecological corridor in Songjiang District, the plot is adjacent to main arteries and only 2 km away from T2 tram line which is scheduled to become operational at the end of this year. It is mainly surrounded by amenities providing basic Beijing The Orient Original daily necessities and is close to the large-scale Kunxiu Lake Wetland (北京 景粼原著) Park. The plot covers a site area of 80,200 m2, with a planned attributable GFA of 132,600 m2, the attributable consideration is RMB806 million, with an accommodation value of RMB6,078/ m2. The plot will be developed into a commercial and office project. On 16 Dec, the Group acquired a plot at Jianning Road in Nanjing. The plot is located at the core of the Zhongyang Gate commercial area at Gulou District and is 700 m away from Xiaoshi Metro Station. It is surrounded by an extensive range of educational and commercial Tianjin Longfor Mansion facilities and close to Xuanwuhu Park and Hongshan Forest Zoo. The (天津 天宸原著) plot covers a site area of 13,400 m2, with a planned GFA of 87,100 m2. The total consideration is RMB430 million, with an accommodation value of RMB4,937/ m2. The plot will be developed into a commercial complex project. Investor Relations Contacts: Longfor Properties Co. Ltd. Hill + Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Daphne CHAN, Director Tiffany YUAN, Investor Relations Manager T: (852) 2894 6217 / 6096 8656 Stephanie GU, Investor Relations Manager E: [email protected] T: (8610) 8466 1882 /1993 / 4468 E: [email protected] HKSE Stock Code: 960 On 20 Dec, the Group acquired a 60% equity stake in the Changfeng project in Wuhan. The plot is located in the sub-center (within the Third Ring) of Hankou city, at the interchange between Gutian 2nd Road and Changfeng Avenue. The site is easily accessible by planned public transport and metro lines and is surrounded by schools, hospitals and commercial amenities which are expected to be upgraded. The plot covers a site area of 137,800 m2, with a planned attributable GFA of 414,700 m2, and the attributable consideration is RMB2.138 billion, with an accommodation value of RMB5,157/ m2. The plot will be developed Hongqiao Paradise Walk - Exterior into a mid- to high-end residential and commercial community targeting (上海 虹桥天街-外部) upgraders. The acquisition marks the Group’s successful foray into Wuhan, thus expanding its footprint to 26 cities nationwide. On 23 Dec, the Group jointly acquired a plot in Jimei, Xiamen in a JV with Beijing Capital Development Holding (Group) Co., Ltd. (Longfor equity interest: 51%). The plot is located in the Guankou are of Jimei, adjacent to Fengjinghu Park. It is surrounded by well-developed commercial and educational resources, and offers convenience to residents, in addition to the quality amenities of Jimei New Town Core 2 Hongqiao Paradise Walk - Interior District. The plot covers a site area of 50,900 m , with a planned 2 (上海 虹桥天街-内部) attributable GFA of 46,700 m , and the attributable consideration is RMB1.262 billion, with an accommodation value of RMB27,303/ m2 (free construction deducted). The plot will be developed into a mid- to high-end residential community targeting upgraders. On 23 Dec, the Group jointly acquired a plot in Xiang’an, Xiamen in a JV with Beijing Capital Development Holding (Group) Co., Ltd. (Longfor equity interest: 51%). The plot is located in the city center of Xiang’an, only 600 m from the hub of planned Metro Line 5 and Line 7. It is Beijing The Orient Original surrounded by full range of amenities, including Huijing Shopping Plaza, (北京 景粼原著) Wenjiaoyuan and Xindian Hospital. The plot covers a site area of 63,700 m2, with a planned attributable GFA of 79,600 m2, and the attributable consideration is RMB2.148 billion, with an accommodation value of RMB37,274/ m2 (free construction deducted). The plot will be developed into a mid- to high-end residential community targeting upgraders. Tianjin Longfor Mansion (天津 天宸原著) Investor Relations Contacts: Longfor Properties Co. Ltd. Hill + Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Daphne CHAN, Director Tiffany YUAN, Investor Relations Manager T: (852) 2894 6217 / 6096 8656 Stephanie GU, Investor Relations Manager E: [email protected] T: (8610) 8466 1882 /1993 / 4468 E: [email protected] HKSE Stock Code: 960 On 23 Dec, the Group acquired a plot of Lijia III, Chongqing. It is located in the core business district of Liangjiang New Area with ever improving facilities nearby. Adjacent to Children’s Hospital of Chongqing Medical University, which ranks among the top three of the nation, the area has attracted such educational resources as Liangjiang Bashu Middle School, and the Xingguang Primary School. The commercial amenity around Longfor Ideal City, which the Group acquired in 2012 are able to meet the demands of this new project. The plot covers a site area of 2 2 Hongqiao Paradise Walk - Exterior 221,500 m , with a planned GFA of 567,400 m , and the consideration is 2 (上海 虹桥天街-外部) RMB4.22 billion, with an accommodation value of RMB7,437/ m . The plot will be developed into a mid- to high-end residential community targeting upgraders. On 27 Dec, the Group jointly acquired a plot in Caijia in Chongqing with Ping An Real Estate (Longfor equity interest: 60%). The plot is located north of Lijia District, just a 10-minute ride to the North Ring. Of all current low-density areas with a river view in the north, this one is nearest to the core district. Surrounded with educational resources of major school, the plot is near Binjiang Park, while commercial amenities Hongqiao Paradise Walk - Interior will be upgraded. The plot covers 263,700 m2, with a planned (上海 虹桥天街-内部) attributable GFA of 180,900 m2. The attributable consideration is RMB501 million, with an accommodation value of RMB2,768/ m2. The plot will be developed into a mid- to high-end residential community targeting upgraders. In Dec, the Group acquired a 49% equity interest of Zichen project in Chengdu. The plot is located in Jiuliti, near Jiaotong University in Jinniu District, where land for residential use is scarce. The distance of the plot to Jinnan Paradise Walk and North Paradise Walk of the Group is 6.6 km Beijing The Orient Original and 3.7 km respectively. The plot is close to main city arteries and metro (北京 景粼原著) stations, and is surrounded by comprehensive educational and medical amenities. The attributable consideration is RMB1.047 billion and the plot covers 118,000 m2, while planned attributable GFA is 327,100 m2, with an accommodation value of RMB3,200 / m2. The plot will be developed into a mid- to high-end residential community targeting upgraders and commercial complex. Tianjin Longfor Mansion (天津 天宸原著) Investor Relations Contacts: Longfor Properties Co. Ltd. Hill + Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Daphne CHAN, Director Tiffany YUAN, Investor Relations Manager T: (852) 2894 6217 / 6096 8656 Stephanie GU, Investor Relations Manager E: [email protected] T: (8610) 8466 1882 /1993 / 4468 E: [email protected] HKSE Stock Code: 960 Company News • 17 Dec, Hongqiao Paradise Walk (approximately 250,000 m2) officially commenced operations. Located at the core of Hongqiao CBD, the mall benefits from two railway lines and Jiamin Highway, connecting with 2.2 million white collar workers of the world's top 500 corporations and residents nearby. It positions itself as a full-chain experiential commercial complex, offering nearby residents a variety of options in Hongqiao Paradise Walk - Exterior shopping, dining and entertainment. As such, it fills the void created by (上海 虹桥天街-外部) the lack of a large-scale quality commercial facility in Hongqiao commercial district. By the first day of business, the tenant occupancy rate had reached 95% with over 180,000 visitors. The commencement marks the flagship commercial project of the Group firstly entering Shanghai market. Sales Overview As at the end of Dec, the Group achieved aggregated contracted sales Hongqiao Paradise Walk - Interior of RMB88.14 billion, representing y-o-y growth of 61.6%, with contracted 2 (上海 虹桥天街-内部) sales in terms of GFA amounting to 6,020,000 m .