Annual Report 2009 - Greentown China Holdings Limited

Management Discussion and Analysis
Projects as newly added land bank during the Year (continued)
Project Region Interest
Region centre
Site area
Thousand
sq.m.
GFA
Thousand
sq.m.
Total land
premium
RMB million
Hangzhou Tianyuan Lot No. 40 Hangzhou 100% 35 70 667
Hangzhou Tianyuan Lot No. 41 Hangzhou 8% 29 53 533
Hangzhou Tianyuan Lot No. 81 Hangzhou 50% 24 38 428
Hangzhou Begonia Apartment Hangzhou 42% 33 73 306
Hangzhou Yueming Rd Project Hangzhou 55% 98 244 3,752
Hangzhou Shenhua Rd Project Hangzhou 25% 34 82 957
Fuyang Jinqiao Rd North Lot Zhejiang 40% 153 307 1,125
Beijing Tongzhou Xinhua Street Lot Beijing 100% 40 178 1,242
Anhui Jade Lake Rose Garden Anhui 100% 333 667 2,600
New development zone
Shanghai Tangzhen Project Shanghai 100% 58 87 1,661
Shaoxing Lily Apartment Zhejiang 42% 111 278 1,220
Zhengzhou Zhongmou New Town Project Henan 100% 79 135 N/A
Sightseeing area
Lin’an Qingshan Xiyuan Project Zhejiang 65% 196 196 145
Zhoushan Zhujiajian Lot Zhejiang 100% 211 157 252
Zhengzhou Yanminghu Project Henan 100% 457 312 N/A
Total 4,217 7,972
As of 31 December 2009, the Greentown Group had 96
projects in 34 cities of the PRC. Their total GFA amounted
to 30.83 million sq.m., of which 20.76 million sq.m. was
attributable to the Group. The land bank’s total aboveground
saleable area was 21.27 million sq.m., of which
14.27 million sq.m. was attributable to the Group. The
average cost of the land bank’s above-ground saleable
area and properties held was RMB4,260 per sq.m. A total
of 3.38 million sq.m. of above-ground saleable area came
to the market and 90% of them was sold.
Greentown China Holdings Limited Annual Report 2009 51