Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
Annual Report 2009 - Greentown China Holdings Limited
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Management<br />
Discussion<br />
and Analysis<br />
Newly commenced GFA in 2010<br />
Total GFA<br />
Ratio<br />
(Thousand sq.m.)<br />
First quarter 2,051 19%<br />
Second quarter 4,668 42%<br />
Third quarter 3,385 30%<br />
Fourth quarter 1,029 9%<br />
Total 11,133 100%<br />
Projects planned to be completed in 2010<br />
Interest<br />
Percentage<br />
Aboveground<br />
saleable<br />
area<br />
Sold as of<br />
the end of<br />
<strong>2009</strong><br />
(sq.m.)<br />
Province Project Phase<br />
Total GFA<br />
(sq.m.) (sq.m.)<br />
Subsidiaries Hangzhou Hangzhou Taohuayuan South G 51.0% 16,193 11,905 8,794<br />
Hangzhou Hangzhou Sky Blue Apartment 95.5% 59,553 43,218 42,542<br />
Hangzhou Hangzhou Yulan Apartment 95.5% 62,789 42,543 42,190<br />
Hangzhou Hangzhou Blue Patio Phase 2 Yiyang<br />
85.0% 15,429 6,802 –<br />
Apartment<br />
Hangzhou Hangzhou Blue Patio Phase 3 85.0% 100,611 72,964 71,600<br />
Zhejiang Ningbo R&D Park Phase 2 60.0% 319,789 231,071 177,434<br />
Zhejiang Xinchang Rose Garden Phase 1 80.0% 64,601 55,090 23,216<br />
Zhejiang Xinchang Rose Garden Phase 2 80.0% 37,573 37,573 6,119<br />
Zhejiang Tonglu Sweet Osmanthus Garden Phase 3 100.0% 29,433 19,733 12,911<br />
Zhejiang Changxing Plaza Phase 1 51.0% 94,237 74,495 62,622<br />
Zhejiang Xiangshan Lily Apartment Phase 1 50.0% 97,615 71,306 59,657<br />
Zhejiang Thousand-Island Lake Resort Phase 2 (hotel) 80.0% 89,422 – –<br />
Condo<br />
Zhejiang Thousand-Island Lake Resort Phase 3 80.0% 30,350 23,596 9,699<br />
Condo<br />
Beijing Beijing Majestic Mansion Phase 2 (Part B, C<br />
100.0% 62,040 43,318 40,370<br />
including Block 6)<br />
Beijing Beijing Lily Apartment Phase 7 80.0% 57,449 38,639 30,517<br />
Beijing Beijing Lily Apartment Phase 8 80.0% 54,191 42,737 41,996<br />
Beijing Beijing Oakwood Project 100.0% 63,156 – –<br />
Jiangsu Nanjing Rose Garden Phase 2 Group AB 70.0% 14,428 10,199 5,098<br />
Jiangsu Nantong Yulan Apartment Phase 1 75.0% 52,791 40,525 37,239<br />
Hunan Changsha Bamboo Garden North Phase 4 52.5% 13,673 13,673 –<br />
Hunan Changsha Bamboo Garden South Phase 2 52.5% 12,656 9,387 –<br />
Anhui Hefei Yulan Apartment Phase 1 59.4% 148,550 116,348 46,449<br />
Anhui Hefei Yulan Apartment Phase 2 59.4% 60,505 43,829 39,342<br />
Xinjiang Xinjiang Lily Apartment Phase 1 Part 1 50.0% 39,530 21,977 12,185<br />
Sub-total 1,596,564 1,070,928 769,980<br />
56<br />
<strong>Greentown</strong> <strong>China</strong> <strong>Holdings</strong> <strong>Limited</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2009</strong>