Yanlord, for the month of January 2022, announced pre-sales contracted for the month of RMB9.81 billion ($2.07 billion), up 87.7% y-o-y.
The sum was contracted over a gross floor area (GFA) of 170,486 sqm, which was up 6.7% y-o-y.
As at Jan 31, the group recorded a total of RMB1.83 billion of subscription sales. These are expected to be turned into contracted pre-sales in the following months.
In January, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB0.80 billion on contracted GFA of 25,164 sqm.
In January, the Chinese cities of Shanghai, Haikou, Wuxi and Jinan, 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 RMB9.37 billion, which amounted to 95.6% of its total contracted pre-sales for the month.
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Shares in Yanlord closed flat at $1.16 on Feb 8.
Photo: Bloomberg
