INTERIM RESULTS
August 2021
Contracted sales
- Contracted sales: Total sales RMB52.4 bn, up 25% YoY
- GFA sold: 2.83 mn sqm, up 30% YoY
- ASP: RMB18,500/sqm, remained relatively stable
- Cash proceeds: RMB37.7 bn, up 12% YoY
Contracted sales | GFA sold | |
(RMB bn) | (mn sqm) |
Cash proceeds
( RMB bn)
52.4 | |
41.8 | |
1H20 | 1H21 |
2.83 | |
2.18 | |
1H20 | 1H21 |
33.7 | 37.7 |
1H20 | 1H21 |
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Contracted sales (cont.)
- Regional distribution: More balanced sales among the 6 major core regions. Beijing Region 24%, Bohai Rim Region 18%, Eastern Region 22%, Southern Region 15%, Central and Western Region 21%. 'South and west' region increased by 8 ppts YoY mainly due to sales contribution from Wuhan in Central Region.
- Product structure: Residential 86%, mostly fast turnover projects.
- Sales highlights: Top 10 cities in sales mainly T1 and core T2 cities, various projects in core cities topped sales chart, such as Oriental World View (Wuhan), Neo-metropolis (Tianjin), Xixi Mansion (Hangzhou) etc.
Distribution (by region) | Top 10 cities in sales (RMB bn) |
Southern | Southern | |||||||||||
Region | ||||||||||||
14% | Region | 9.6 | ||||||||||
Beijing Region | 15% | |||||||||||
Western Region | 29% | Beijing Region | ||||||||||
24% | ||||||||||||
7% | Western Region | |||||||||||
Central | 4% | 6.2 | ||||||||||
Region | ||||||||||||
5% | Central | 4.0 | ||||||||||
Region | Bohai Rim | |||||||||||
17% | 2.7 | |||||||||||
Region | ||||||||||||
Eastern Region | Bohai Rim | 18% | 2.0 | 1.9 | 1.8 | 1.7 | 1.6 | 1.6 | ||||
Region | ||||||||||||
24% | Eastern Region | |||||||||||
21% | ||||||||||||
22% | ||||||||||||
1H20 | 1H21 | Beijing | Wuhan | Tianjin | Shanghai | Nanjing | Hangzhou | Jinan | Dalian | Wenzhou Zhangzhou | ||
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Contracted sales (cont.)
- 2H2021 saleable resources: approx. RMB180 bn, representing nearly 70% of total saleable resources for the year.
- Resources distribution: Beijing Region 24%, Bohai Rim Region 26%, Eastern Region 22%, Southern Region 11%, Central and Western Region 16%.
Distribution (by amount)
Major launches
Western Region
7%
Central Region
9%Beijing Region
24%
Southern
Region
11%
Bohai Rim | |
Eastern Region | Region |
22% | 26% |
City | Project | Launch |
Ocean Wuliepoch | Jul-Dec | |
Beijing | Ocean Poetic Dwelling | Sep |
Captain House | Oct | |
Fantastic Timenew | Nov | |
Tianjin | Neo-metropolis | Jul-Dec |
Ocean Orient new | Sep | |
Dalian | Joy of Mountain and Sea Jul-Dec | |
Beihu West Plot A, | Dec | |
Jinan | Tianqiao Districtnew | |
Sino-Ocean Metropolis | Jul-Dec | |
Qingdao | Sino-Ocean | Aug |
Landscapenew | ||
Shanghai Hongqiao Origin | Sep | |
Nanjing | The One | Jul-Dec |
Note：new indicates new projects launched this year
City | Project | Launch |
Suzhou | Plot in High-tech Zone, | Nov |
Zhangjiagangnew | ||
Wuxi | One Residence | Jul-Dec |
Life in Park | Jul-Dec | |
Plot ZX-14a-1, Central | ||
Wenzhou | District, | Oct |
Leqingnew | ||
Zhongshan | Ocean Palacenew | Oct |
Xi'an | Plot DK1, | Nov |
Wangjiapengnew | ||
Xiamen | Chengnan Plot, Tong'an | Nov |
Districtnew | ||
Fuzhou | Ocean Tianfu | Jul |
Foshan | Sino-Ocean Scenerynew | Aug |
Wuhan | Oriental World View | Jul-Dec |
Chengdu | Xindu New Town Plot, | Dec |
Xindu Districtnew | ||
Zhengzhou | Ideal House new | Aug |
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