2 April 2013, Hong Kong – Fantasia Holdings Group Co., Limited (“Fantasia” or “the Company”, Stock Code: 1777) announced its sales results for March 2013. Fantasia achieved contract sales of approximately RMB661 million and gross floor area (“GFA”) sold of 83,238 square meters, which was consistent with the performance of previous year. As of 31 March 2013, Fantasia recorded accumulated contract sales of approximately RMB1.78 billion and GFA sold of 209,036 square meters.
After the Chinese New Year, the Company seized the opportunity in the rebounding market by proactively launched a several popular rigid demand and commercial products and recorded a good sales performance. Rigid demand products like Guilin Fantasia Town, Dongguan Wonderland, Huizhou Fantasia Special Town and Tianjin Love Forever have sold over 80% of the total units during the month they were launched to the market, and the sales of Dongguan Wonderland exceeded RMB100 million. Commercial project, such as Nanjing Yuhuatai recorded an approximately 80% of total units sold on the launching day and the sales reached over RMB100 million as well. Chengdu Long Nian International Centre Yuhuatai is continuing recorded good sales volume. Moreover, complex projects of Chengdu Future Plaza, Chengdu Fortune Plaza, vocation projects of Guilin Lakeside Eden and Chengdu Grande Valley also achieved good sales results.
In April, Fantasia will launch three new projects including the rigid-demand products of Guilin Fantasia Town, Huizhou Fantasia Special Town and improved products of Tianjin Love Forever.
On 19 March, Fantasia announced its 2012 annual results. The Company bucked the tends by recording contract sales of RMB8 billion which overfulfilled the annual sales target of RMB7.2 billion. The net profit increased by 7.8% to RMB1.13 billion.
On 27 March, Fantasia announced the acquisition of entire interest in Suzhou Yinzhuang Property Limited (“Suzhou Yinzhuang”) for RMB511 million. Upon completion of the deal, Fantasia will own two parcels of land with residential and commercial land use right. Both parcels of land are located in Huqiu district, Suzhou, Jiangsu province with the GFA of 35,841 square meters and 37,218 square meters, respectively and with a total planned GFA of 199,865 square meters. In the future, Fantasia will continue to pay strong attention to any potential opportunities in the Yangtze River Delta region, first-tier cities like Shanghai, in particular, and look for high cost-effective projects by adhering to a prudent land acquisition strategy to replenish land bank.
In March, Shenzhen Fantasia Public Welfare Fund has been registered and founded. The Fund is engaged to implement Fantasia’s corporate social responsibility, while relying on company’s core resource on property development and financial services, and select those public welfare projects which are relevant with company’s core resource. Featured with creative model and interactive, participating and transparent public activities, the Fund will integrate and appeal more resources to engage in public welfare.
In March, Chengdu Future Plaza and Chengdu Long Nian International Centre projects received the award of “2012 Excellent Commercial Property Project of Chengdu” from the 2012 China (Chengdu) Property Billboards.