Mainboard-listed Yanlord Land Group reported a 57.3% increase in total contracted pre-sales to RMB35.74 billion ($7.05 billion) on total contracted gross floor area (GFA) of 998,263 sqm for the seven months ended July.
The bulk of its sales was contributed by the Chinese cities of Nanjing, Suzhou, Shenzhen, Nantong, and Hangzhou, which accounted for some 81.1% of the total contracted pre-sales for the company.
In July alone, Yanlord posted a 30.2% increase y-o-y to RMB5.97 billion on contracted pre-sales over 166,806 sqm of total contracted GFA, a 7.4% increase y-o-y.
Shares in Yanlord Land closed 3 cents lower, or 2.3% down, at $1.27 on August 6, prior to the announcement.
