Yanlord pre-sales slip by 3.7% in first half

The SGX-listed real estate firm’s contracted pre-sales was at $5.97b.

Yanlord, a Singapore Exchange-listed firm that develops commercial and residential property in China and Singapore, announced its unaudited operating figures for the first half of the year.

Contracted pre-sales slipped by 3.7% to RMB 28.68b (approximately $5.97b) from the RMB 29.773b (approximately $6.2b), recorded in the same period last year.

This is despite an increase of 8.1% to its total contracted gross floor area to 898,943 square metres from 831,457 square metres.

The top five cities that were key contributors to the contracted pre-sales were Nanjing, Suzhuo, Shanghai, Zhuhai, and Tianjin, with an aggregate contracted pre-sales value of RMB 19.086b (approximately $3.97b).