| CentraLand is a leading property developer based in Zhengzhou City, the capital of Henan Province, which is one of the most populated provinces in the PRC. The Group is primarily engaged in the development of residential and commercial properties, focusing on specialty wholesale trading hubs. The Group also derives rental income through leasing some of its properties. Currently, the Group is involved in two main property developments: Guoling Shanshui (果岭山水), a self-contained, high-end integrated property development, and J-Expo I (金智·万博商城 I), a commercial property project with retail and office units, which supports the thriving wholesale trading of small consumer commodities.
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Guoling Shanshui (果岭山水)
- CentraLand’s self-contained, high-end integrated property development
- Targeted primarily at middle and high-income purchasers
- Total site area of 1.87 million sq m
- Total estimated GFA of up to 3.31 million sq m
- Large-scale luxurious resort-themed residential development
- Unique architecture and scenic environment
- Located 15 mins drive away from Zhengzhou City
- Approx 5km away from the Yellow River Scenic Area
- Close proximity to tourist spots & historical site
- Status Update of Guoling Shanshui (as at 30 Sep 09)
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Guoling Shanshui (果岭山水) Phase I & II
- Phase I and II fully sold and delivered
- GFA of 160,828 sq m
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Guoling Shanshui (果岭山水) Phase III & Beyond
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Phase III development on track
- Construction started 2Q09
- Site area of approx 174,000 sq m
- Duplex, low-rise apartments, and commercial units
- Pre-sales started end-Oct 09
Land for future development
- Total site area of approx 1.5 million sq m
- Sufficient for at least 7 years of development, given current pace of development
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Clubhouse with Water Feature
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Spanish style
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Italian style
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J-Expo I (金智·万博商城 I)
- CentraLand’s commercial property
- Wholesale of commodities (小商品)
- Total site area of approx 9,771 sq m
- Aggregate saleable GFA of 65,890 sq m
- Comprises a basement, five storeys of retail units and seven storeys of office units
- 2,560 retail and 192 office units, with a 320-parking lot open-air carpark
- Strategically situated in the heart of Zhengzhou City
- Within walking distance to the Zhengzhou Railway Station and the Zhengzhou Long Distance Central Bus Station
- Located within the main wholesale centre of Zhengzhou City
- Status of J-Expo (金智•万博商城)
| Levels |
Completion
Date |
Total
Saleable
GFA
(sq m) |
Units |
No of
Units
Sold* |
No of
Units
Delivered* |
Average
ASP/unit
(RMB/sq
m) |
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B1, L1-
L3 |
2Q 2008 |
36,282 |
1,792 retail units |
1,676 |
1,668 |
17,880 |
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| L6-L12 |
2Q 2008 |
11,311 |
192 office units |
139 |
130 |
6,201 |
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| L4-L5 |
2Q 2008 |
18,297 |
768 retail units # |
418 |
418 |
11,356 |
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| Total |
65,890 |
2560 retail units/192 office units |
# 322 unsold units on levels 4 & 5 for leased to 3rd parties
* As at 30 Sep 2009
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Key Data
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| Key Data |
| Listing |
SGX-ST Main Board |
| Stock Codes |
CTL SP (Bloomberg)/E3S.SI (Reuters) |
| Issued Share Capital |
1,845,000,000 |
| Free Float |
13.3% |
| Share Price (As at Nov 4, 2009) |
S$0.54 |
| Market Capitalisation (As at Nov 4, 2009) |
S$996.3 million |
| Earnings Per Share |
0.67 RMB cents (9M FY09) |
| Net Asset Value Per Share (Sep 30 2009) |
71.92 RMB cents |
| Major Shareholders |
Ember Vision (Mr Li Wei & Mr
Wang Peng) – 48.6% |
| Marble Focus (Mr Yan Tao) – 20.8% |
| CIM X Limited – 8.7% |
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| FY ended 31 Dec 07 |
FY2006
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FY2007
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FY2008
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Revenue(RMB’ million)
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276.5
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291.9
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713.7
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Net Profit(RMB’ million)
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54.5
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46.5
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148.8
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GFA Sold (Sq m)
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44,804
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62,739
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52,980
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New Projects
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Guancheng District Project
- Acquisition in Guancheng District
- In final stages of acquisition of Tianrong
Fashion City (天荣时装城)
- Site area: 26,668 sq m (40亩)
- Acquisition cost of RMB1b to be funded by mix of IPO
proceeds & internal funding
- Intends to acquire adjacent site - OldResidential District (旧居民区)
- Site area: 20,001 sq m (30亩)
- Total intended acquisition site area = 46,669 sq m (70亩)
- Strategic Location
- Close proximity (less than 1km) to Zhengzhou Railway Station & Zhengzhou Long Distance Central Bus Station
- Located within the fashion trading hub
- Exploring suitable acquisitions
- Further identified other potential sites to be developed into
specialty wholesale trading hubs
- Will make further announcements pending updates
- To review all current and potential projects periodically
- Adapt pace of development according to market conditions
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| Tianrong Fashion City (天荣时装城) – 26,668 sq m (40亩) |
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| Fashion Trading Hub |
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Strategies & Future Plans
- Continue to focus on the development of residential and commercial properties
- Maintain a sufficient project pipeline through acquisitions, joint ventures or business alliances
- Continue to focus on Zhengzhou City and to explore new geographical areas in Central China
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IR Contact:
Mr Johnson Choo
VP, Investor Relations & Corporate Communications
CentraLand Limited
Tel: +65 9450 6527 / +86 15838381086
Email: johnsonchoo@centralandltd.com
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