Fantasia Announces Contract Sales of RMB730 million in April 2011, representing year-on-year growth of 150%

5 May 2011, Hong Kong– Fantasia Holdings Group Co., Limited (“Fantasia” or “the Company”, HKSE stock code 1777) announced its sales performance in April 2011. The Company recorded contract sales of RMB730 million and gross floor area (GFA) sold of approximately 64,024 square metres, realizing year-on-year growth of 150% and 104% respectively. Proceeds from the sale of four urban complexes amounted to over RMB500 million, accounting for nearly 70% of total sales in April. As of 30 April 2011, the Company recorded cumulative contract sales of RMB1.77 billion and GFA sold of approximately 183,017 square metres, posting year-on-year growth of 133% and 156% respectively.


Since the beginning of this year, the Company’s average monthly sales increased over 120% over the same period last year. Fantasia has a competitive advantage of its diversified product range of “urban complexes with boutique upscale residences”. In April, apart from the top selling projects, namely Chengdu Meinian International Plaza, Chengdu Future Plaza, and Tianjin Hailrun Plaza, the Company also launched and began selling units in Shenzhen MIC Plaza. This project received overwhelming market response with a sales record of RMB340 million in April.


Residential projects also sold well in April. Upon debut of Chengdu Fantasia Town Phase III, over a hundred units were sold. At the end of April, Fantasia participated in the Spring Real Estate Fairs in Shenzhen, Chengdu and Guilin by showcasing sixteen projects evenly distributed in ten locations, including first, second and third tier cities. These high-value-for-money units were highly sought-after by customers, as was evident in their good sales performance. For example, when Huizhou Fantasia Special Town Phase One launched on 30 April, 80% of the units were sold.


In May and June, the Company will launch ten more new projects and sell units in seven different cities,including Chengdu Funian Plaza, Tianjin Future Plaza and Guilin Fantasia Town; and boutique upscale residences, including Suzhou Lago Paradise, Dongguan Wonderland and Wuxi Love Forever. Those high-end commercial and residential projects are less affected by the “restrictive policies on property purchase”, and their expected success will lay a solid foundation for the Company’s future sales growth.