Yahoo Finance Yanlord's total contracted pre-sales down 71.5% y-o-y to RMB1.1 bil in Nov
For the eleven months ended Nov 30, the group’s total contracted pre-sales was approximately RMB29.23 billion, down 52.8% y-o-y.
Yanlord Land Group Z25 has reported total contracted pre-sales of RMB1.09 billion ($205.5 million) for the month of November. The amount, which came from the group’s residential and commercial units as well as car parks, was 71.5% lower than November 2022’s RMB3.82 billion.
This month’s total contracted pre-sales stood over a gross floor area (GFA) of 38,398 sqm, which was a 66.0% decrease from November 2022’s GFA.
For the eleven months ended Nov 30, the group’s total contracted pre-sales was approximately RMB29.23 billion on a total contracted GFA of 1,143,086 sqm, a decrease of 52.8% and 8.0%, respectively, compared to the corresponding period of 2022.
For the same period, contracted pre-sales of other property development projects under the group’s project management business stood at RMB1.359 billion on a total contracted GFA of 64,349 sqm.
The key contributors to the group’s total contracted pre-sales were the Chinese cities of Suzhou, Jinan, Shenzhen, Nanjing and Tianjin, in that order.
As at Nov 30, Yanlord’s subscription sales stood at RMB3.11 billion.
Shares in Yanlord closed 1.5 cents lower or 2.8% down at 52 cents on Dec 4.
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