Investor Newsletter. Building a Future Sharing a Dream. Issue RMB6.1 Billion Contracted Sales Achieved for 2009

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Lesley West
5 years ago
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1 March 2010 Building a Future Sharing a Dream Investor Newsletter Shui On Land (272.HK) Issue RMB6.1 Billion Contracted Sales Achieved for 2009 Shui On Land Limited ( SOL ) is pleased to announce that we have achieved strong contracted sales in 2009, which jumped by 110% to RMB6.1 billion from RMB2.9 billion in Contributions came from five key projects, namely, Shanghai Taipingqiao Casa Lakeville, Shanghai Rui Hong Xin Cheng, Shanghai Knowledge & Innovation Community ( KIC ), Wuhan Tiandi and Chongqing Tiandi. 8 6 Contracted Sales (RMB' billion) 6.1 Total Locked-in Contracted Sales as of 31 December 2009 Reached RMB8.7 Billion Together with RMB2.6 billion of contracted sales carried forward from 2008 for 2009 delivery, SOL recorded strong locked-in contracted sales totaling RMB8.7 billion. Of that amount, RMB1.0 billion has been recognised as turnover for 1H Robust Sales Performance in the Recent Launches Shanghai KIC Village Phase 2 2 All 228 residential units at Shanghai KIC were subscribed for sale on the first day of the sales launch in late November The average selling price (ASP) increased by 27% to RMB28,000/m² from RMB22,000/m² in July Trend of ASP of Shanghai KIC Village ( RMB/m 2 ) Presale ASP Chongqing Tiandi Phase 2 2 Chongqing Tiandi launched its first batch of 376 units of new residential apartments in The Riviera Phase 2 Towers 2 to 5 facing the garden on 6 December A total of 366 units, or 97% of the launch, were subscribed for sales with an average selling price reached RMB10,300/m².** Riding on the strong demand, an additional of 70 units in Tower 1 were launched in late December 2009, of which 64 units, or 91%, have been subscribed for sale. ASP increased by 9% to RMB11,000/m². 16,000 18,700 20,200 22,000 28, (R1) 2007 (R1) 2008 (R1/R2) July 2009 (R1/R2) November 2009 (R1/R2) Wuhan Tiandi Phase 2 2 Wuhan Tiandi launched new residential apartments on Lot A6 for pre-sale on 30 January Lot A6 locates next to Lot A5, which has just broken ground for developing into a grade A office tower. Of the 186 units launched, 155 units, or 83%, have been subscribed for sale over the weekend with an ASP of RMB17,800/ m². 10,300 Trend of ASP of Chongqing Tiandi The Riv iera (RMB/m 2 ) Presale ASP 11,000 10,300 6,600 *The figures quoted in this newsletter are unaudited and may vary from the annual report. Contracted sale figures are quoted net of 5% business tax. Average Selling Price ( ASP ) is calculated based on a pre-business tax basis. ** The ASP of Chongning Tiandi are quoted on Net Floor Area basis, which is a common practice in Chongqing (Lot B1-1/01) 1H-2009 (Lot B2-1/01) 6 December 2009 (Lot B2) 19 December 2009 (Lot B2) Page 1

New Year s Lighting Ceremony Shanghai KIC

2 SOL Investor Newsletter March 2010 Events Held in Shanghai & Hangzhou Shanghai Xintiandi 2010 New Year s Eve Countdown Mr. Tang Deng Jie, Vice Mayor of Shanghai, and guests hosted the countdown. Wuhan Christmas Tiandi & New Year Celebration Shanghai Xintiandi 2010 New Year s Eve Countdown Fireworks Shanghai Rui Hong Xin Cheng New Year s Lighting Ceremony Shanghai KIC Opening of K-ICE Skating Rink Hangzhou Xihu Tiandi Christmas Tree & Chinese New Year Decorations Page 2

3 Events Held in Wuhan, Chongqing and Foshan Chinese New Year Fair at Wuhan Tiandi ChongqingTiandi Soft-opening of Phase 1 Retail Area Chinese New Year at Foshan Lingnan Tiandi Page 3

World Expo 2010: Shanghai Pavilion Featured Shikumen-Style Style Building, Themed New Horizons Forever An artist s rendition of the Shanghai

Chinese, the theme is named Forever Xintiandi 永远的新天地.

Expo 2010. Shanghai is a fast developing city and is always moving forward to new horizons, the organiser said.

It will also show a future Shanghai that is more "attractive, integrated and intelligent.

4 World Expo 2010: Shanghai Pavilion Featured Shikumen-Style Style Building, Themed New Horizons Forever An artist s rendition of the Shanghai Pavilion The World Expo 2010 revealed on 14 January 2010 that the host city of Shanghai themed its pavilion, New Horizons Forever ; in Chinese, the theme is named Forever Xintiandi 永远的新天地. It will showcase the city's tolerance, energy and innovation" in a Shikumen-style building in China's joint provincial pavilion at the World Expo Shanghai is a fast developing city and is always moving forward to new horizons, the organiser said. The exhibition will help visitors understand the city through displays, exhibits and pictures. It will also show a future Shanghai that is more "attractive, integrated and intelligent." The 600m² pavilion features a Shikumen entrance, a traditional stone-gated house first seen in the city in the 19th century. It was also featured in Shanghai Xintiandi, the landmark of Shanghai. At a point of time, up to 80% of Shanghai s population lived in this type of houses. Source: Shikumen in Shanghai Xintiandi Page 4

5 Continuous Support from Financial Institutions for Expediting Business Developments We have signed a HK$1 billion three-year term syndicated loan agreement (the Facility ) with a consortium of nine leading international banks and financial institutions on 16 December 2009 in Hong Kong. The proceeds of the Facility will be used to finance the Company s general corporate funding requirements and business development initiatives. Subsequent to the year end of 2009, we have signed a total of HK$2.5 billion bank loan facility with a consortium of banks in January and February to support the continuous growth of business in Analysts Days in Chongqing and Wuhan To increase SOL s transparency, and to provide analysts with a better understanding of the development status of Chongqing Tiandi and Wuhan Tiandi, a tour to both projects was arranged on January Our general managers who are responsible for construction, finance, sales and leasing for Chongqing and Wuhan introduced the market environments, development plans and latest sales and leasing status of their respective projects. Chongqing Tiandi sales of Chongqing Tiandi Riviera Phase 2 rebounded remarkably in 2009 with ASP reaching RMB11,000m² in the late December 2009 sales launch. The re-built main road connecting Chongqing Tiandi to Jie Fang Bei has been re-opened, shortening the traveling time from Chongqing Tiandi to Jie Fang Bei, the traditional Chongqing CBD, to only 15 minutes. The soft opening of the 1st Phase of Chongqing Tiandi Retail for a leasable area of 4,000m² food and beverage area was held on 31 January The grand opening is planned to be held in second half of 2010 for the entire retail portion of 84,000m². With a significant portion of the residential units have been sold in December 2009, we have accelerated the construction of Riviera Phase 2 for the next launch in the middle of the year, at the same time we have also started the construction of the office towers Phase 1, with a total planned GFA of 185,000m² (Office: 115,000m², Retail: 13,000m², Carpark: 57,000m²) Wuhan Tiandi The occupancy rate of Wuhan Tiandi s Phase 1 Retail area reached 97%, while the newly-opened Phase 2 achieved over 84% and Phase 3 also achieved over 72% as of 31 December Investors Conference Joined in January & February 2010 Deutsche Bank Access China Conference Beijing, January 2010 DBS Vickers Pulse of Asia Singapore, 13 January 2010 UBS 10th Greater China Conference Shanghai, January 2010 HSBC Corporate Access Day Hong Kong, 25 January 2010 Nomura Corporate Access Day Hong Kong, 26 January 2010 Goldman Sachs Corporate Access Day Hong Kong & Singapore, 2-3 February 2010 About Shui On Land Shui On Land (Stock Code: 272) is the flagship property development company of the Shui On Group in Mainland China with a proven track record in developing large-scale, mixed-use, city core integrated development projects. The Company has eight projects in various stages of development in prime locations of major cities, with a total land bank of gross floor area of 13.2 million sq.m. (including interests of other investors). The Company was listed on the Hong Kong Stock Exchange on 4 October 2006, the largest Chinese real estate enterprise listed that year. Shui On Land was included in the 200-Stock Hang Seng Composite Index Series and Hang Seng Freefloat Index Series in March For further information about Shui On Land, please visit our website: For investor relations enquiries, please send to us at: sol.ir@shuion.com.cn or contact: Michelle Sze Head of Investor Relations Tel: ext michelle.sze@shuion.com.cn Disclaimer The materials and information in the newsletter and other documents are for informational purposes only, and are not an offer or solicitation for the purchases or sale of any securities or financial instruments or to provide any investment service or investment advice. Page 5

Investor Newsletter Issue

9 July 2010 Investor Newsletter Issue 2 2010 2010 Shui On Land (272.HK) Contracted Sales Shui On Land Limited ( SOL ) has achieved RMB 1.5 billion contracted sales for a total Gross Floor Area ( GFA )