Yanlord Land Group has posted contracted pre-sales of RMB7.663 billion ($1.58 billion) from residential and commercial units, as well as car parks, over contracted gross floor area (GFA) of 223,879 sqm in the month of April.
The contracted pre-sales figure, as well as GFA, represented y-o-y increases of 57.6% and 55.7% respectively.
For the four months ended April 30, the group reported total contracted pre-sales of RMB20.717 billion on contracted GFA of 622,084 sqm, an increase of 78.1% and 84.9% y-o-y, respectively.
A total of around RMB2.733 billion of subscription sales was recorded on April 30 and is expected to be turned into contracted pre-sales in the following months.
SEE:Yanlord's Zhong snaps up $8.5 mil worth of shares following favourable credit ratings
In April, the total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was approximately RMB1.960 billion on contracted GFA of 44,764 sqm.
During the month, the cities of Nanjing, Suzhou, Shanghai, Nantong and Zhuhai were the top contributors to the group’s contracted pre-sales figures, contributing some 72.3% to the total contracted pre-sales figures for the four months ended April 30.
Shares in Yanlord closed 5 cents lower or 3.5% down at $1.36 on May 5.
