In its operating update for the month of December 2021, Yanlord announced that its pre-sales contracted for the month has dipped 16.3% y-o-y to RMB9.217 billion.
The amount was contracted over a gross floor area (GFA) of 322,671 sqm, representing an 18.5% y-o-y increase.
For the FY2021 ended Dec 31, 2021, the group saw total contracted pre-sales decline 24.0% y-o-y to RMB59.59 billion. The sum was contracted over a GFA of 1.87 million sqm which fell 12.7% y-o-y.
The group’s average selling price per sqm stood at RMB31,889, which fell 13.0% y-o-y, due to the change in the composition of projects under pre-sales.
As at Dec 31, 2021, the group recorded a total of RMB2.139 billion in terms of subscription sales, which are expected to be turned into contracted pre-sales in the following months.
For the FY2021, the Chinese cities of Shanghai, Nanjing, Suzhou and Hangzhou, as well as Singapore were the top five areas that contributed to Yanlord’s contracted pre-sales figures.
See also: Send Notif Breaking NewsQA Foreground3
The total contracted pre-sales in these areas came up to RMB37.02 billion, which amounted to 62.1% of its total contracted pre-sales for the FY2021.
Shares in Yanlord closed flat at $1.14 on Jan 6.
Photo: Bloomberg
