SINGAPORE (May 14): Real estate developer Yanlord Land Group posted a 27.5% increase in its total contracted pre-sales to RMB11.64 billion (S$2.33 billion) on contracted gross floor area (GFA) of 336,520 sqm for the four months ended April 30.
The bulk of its sales were made from its projects in China. The top five cities that contributed to the rise in contracted pre-sales are Nanjing, Suzhou, Nantong, Hangzhou, and Tianjin, which accounted for around 85.4% of the total contracted pre-sales for the company for the four months.
In April alone, the company posted a 42.6% increase y-o-y to RMB4.86 billion on contracted GFA of 143,824 sqm.
The company also recorded approximately RMB2.51 billion of subscription sales as at April 30.
Yanlord Land’s shares closed 3 cents lower, or 2.8% down, at $1.03 on Thursday, prior to the announcement.
