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Yanlord's total contracted pre-sales surge 225.7% to RMB9.34 bil in Sept

Felicia Tan
·2-min read

For the 9MFY2022 ended Sept 30, the group’s total pre-sales stood at RMB54.07 million, up 47.0% y-o-y.

Yanlord Land Group has contracted pre-sales of RM9.34 billion ($1.88 billion) from its residential and commercial units and car parks in the month of September, an increase of 225.7% y-o-y.

The sum was contracted over a gross floor area (GFA) of 184,300 sqm, which was up 79.0% y-o-y.

As at Sept 30, the group recorded a total of RMB3.01 billion of subscription sales. These are expected to be turned into contracted pre-sales in the following months.

In September, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB232 million on contracted GFA of 6,650 sqm.

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For the 9MFY2022 ended Sept 30, the group’s total pre-sales stood at RMB54.07 million, up 47.0% y-o-y. This was contracted over a total GFA of 1,008,567 sqm, which saw a 14.8% y-o-y decline.

For the same period, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB5.15 billion on contracted GFA of 123,225 sqm.

During the 9MFY2022, the Chinese cities of Shanghai, Suzhou, Hangzhou and Tianjin, as well as Singapore were the top five areas that contributed to Yanlord’s contracted pre-sales figures.

The total contracted pre-sales in these areas came up to RMB46.23 billion, which amounted to 85.5% of its total contracted pre-sales for the nine months ended Sept 30.

Shares in Yanlord closed 0.5 cent lower or 0.52% down at 96.5 cents on Oct 10.

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