(6 October 2016 - Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”, Stock Code: 3883), a renowned property developer in China, is pleased to announce that the Company achieved contracted sales totaling approximately RMB16.82 billion, with contracted gross floor area (GFA) sold amounting to approximately 1,906,000 sq.m., representing y-o-y increases of approximately 75% and 55%, respectively, in the first nine months of 2016. Average selling price amounted to RMB8,823 per sq.m..

The Company’s contracted sales reached a record high of approximately RMB3.63 billion in September, surging 218% y-o-y. The contracted GFA sold increased by 80% y-o-y to approximately 307,000 sq.m., with average selling price amounting to RMB11,840 per sq.m.. Aoyuan has recently launched a number of brand new projects, including Foshan Aoyuan Prime Palace in Guangdong, Chengdu Chenghua Aoyuan Plaza in Sichuan, Yulin Aoyuan Plaza in Guangxi and Maison 188 Maroubra Sydney in Australia, which recorded robust sales performance. More brand new projects including Shenzhen Aoyuan Jade Bay and Guangzhou Aoyuan Lianfeng State are also expected to be launched in the fourth quarter of the year.

Aoyuan management commented, “In 2016, Aoyuan has maintained strong sales momentum. The contracted sales in the first nine months of 2016 has surpassed the full year sales of RMB15.17 billion recorded in 2015, and has reached our annual sales target which is set to grow 10% to 15% y-o-y. The credit rating outlook of Aoyuan has been upgraded to “Positive” by the three major international rating agencies, namely Moody’s, S&P and Fitch, stemming in turn from its strong sales growth, disciplined land acquisition and improving financial capability. We will step up efforts in the fourth quarter to achieve outstanding annual sales performance, thus delivering fruitful return to our shareholders and investors.”