Yanlord Land Group Z25 has reported total contracted pre-sales of RMB6.1 billion ($1.16 billion) for the month of May. The amount, which came from the group’s residential and commercial units as well as car parks, stood 437.5% higher than May 2022’s RMB1.14 billion.
This month’s total contracted pre-sales stood over a gross floor area (GFA) of 199,946 sqm, which is 319.2% over May 2022’s GFA of 47,695 sqm.
The key contributors to the group’s total contracted pre-sales were the Chinese cities of Nanjing, Tianjin, Jinan, Suzhou and Haikou in that order.
Contracted pre-sales of other property development projects under the group’s project management business stood 32.0% higher y-o-y at RMB0.20 billion.
Total GFA increased by 79.4% y-o-y to 8,815 sqm.
As at May 31, Yanlord’s subscription sales stood at RMB3.33 billion.
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Yanlord is a Mainboard-listed real estate developer. The group’s Singapore property portfolio includes Leedon Green and Dairy Farm Residences as well as UE BizHub CITY, Rochester Mall and Park Avenue Robertson, to name a few.
Shares in Yanlord closed 5.5 cents higher or 7.01% up at 84 cents on June 6.
