HKSE Stock Code: 960 Latest Project
On 30 September, the Group acquired the Gaobeidian Project II in Baoding (Longfor equity interest: 70%). The plot is next to the Gaobeidian Project that the Group acquired this May, and the intention is to develop the plots simultaneously. The plot covers a site area of 13,400 m2, with a planned GFA 2 2 of 33,600 m (planned attributable GFA 23,500 m ), the Chongqing U-City Paradise Walk attributable consideration is approximately RMB8.43 million. （重庆 U 城天街）
Company News
In September, three major Paradise Walk shopping malls commenced operation in Chongqing, Hangzhou and Suzhou, achieving occupancy rates of over 99%. The projects are all situated atop metro stations. Among which, Hangzhou Binjiang Paradise Walk and Suzhou Shishan Paradise Walk
Hangzhou Binjiang Paradise Walk are accessible to two metro lines. The opening situations are （杭州 濱江天街） as follow:
On 15 September, Chongqing U City Paradise Walk (Hall B) commenced operation. More than 200 premium brands initially entered the core New Towns in the West of Chongqing. In the first day of operation, traffic of 300,000 visitors and RMB9 million total sales were recorded.
On 23 September, Binjiang Paradise Walk, the second Chongqing Shishan Paradise Walk Paradise Walk in Hangzhou commenced operation. It is （苏州 狮山天街） located in Binjiang, which is a district with important economic growth; its regional GDP growth has led Hangzhou for nine consecutive years. As 500 international conglomerates gather in the district, Hangzhou Binjiang Paradise Walk is positioned as a modern and premium experience centre. There are nearly 350 commercial brands at Paradise Walk, 58% of which entering the project for the
Chengdu Long-term Rental first time. In the first day of operation, the project recorded Apartments RMB20 million of total sales with 270,000 visitors. （成都冠寓 金楠天街店）
Investor Relations Contacts: Longfor Properties Co. Ltd. Hill+Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Crystal YIP, Associate Director Tiffany YUAN, Investor Relations Manager T: (852) 2894 6223 Stephanie GU, Investor Relations Manager E: [email protected] T: (8610) 8466 1882 /1993 / 4468 E: [email protected]
HKSE Stock Code: 960 On 28 September, Shishan Paradise Walk, the first shopping mall of the Group in Suzhou commenced operation. Working with CPPIB, a world renowned insurance fund, the project introduces nearly 400 brands. It is the largest integrated shopping mall with full industries in Suzhou. By the first day of business, the project recorded nearly RMB17 million of total sales with 220,000 visitors.
Chongqing U-City Paradise Walk Since the operation commencement of Chongqing North （重庆 U 城天街） Paradise Walk on 2003, the Group has remained focused
on quality commercial investments in first and second tier cities, located at highly accessible transportation junctions with mature population and consumption. As of the end of September, the Group has 25 shopping malls in operation, covering 7 core first and second tier cities*.
*Beijing, Shanghai, Chongqing, Chengdu, Hangzhou, Xi’an and Suzhou Hangzhou Binjiang Paradise Walk （杭州 濱江天街）
Sales Overview
As at the end of September, the Group recorded aggregated contracted sales of RMB128.23 billion, representing y-o-y growth of 97%, with the contracted GFA sold amounting to 8.336 million m2. In September, the Group recorded contracted sales of RMB13.14 billion, with contracted GFA sold amounting to 907,000 m2. Chongqing Shishan Paradise Walk （苏州 狮山天街） Sep. 2017 Contracted Sales – Regional Breakdown:
Pan Yangtze Central Southern (RMB mn) Western Bohai River China China Rim Delta Contracted 1,840 5,200 4,060 430 1,610 Sales
Chengdu Long-term Rental Apartments (All figures above are unaudited) （成都冠寓 金楠天街店）
Investor Relations Contacts: Longfor Properties Co. Ltd. Hill+Knowlton Strategies Asia Tyche SHI, Head of Investor Relations Crystal YIP, Associate Director Tiffany YUAN, Investor Relations Manager T: (852) 2894 6223 Stephanie GU, Investor Relations Manager E: [email protected] T: (8610) 8466 1882 /1993 / 4468 E: [email protected]