Yanlord Land contracted pre-sales drops 70% in first five months 

The contracted gross floor area during the period amounted to RMB1.135b.

Yanlord Land Group reported its contracted sales from residential and commercial units declined 70% to RMB1.135b in the first five months of the year. 

Over the said period, the residential and commercial units, and car parks amounted to approximately, RMB1.135b on contracted gross floor area (GFA) of 47,695 square metres. 

Yanlord also reported that together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks amounted to RMB18.8b on contracted GFA of 410,194 sqm. 

This reflected a drop of 23.2% and 45.3, respectively, compared to the same period in 2021.

Moreover, the Group’s subscription sales stood at RMB3.94b approximately, as of the end of May. Yanlord and its joint ventures and associates expect this to be turned into contracted pre-sales in the following months. 

Meanwhile, the total contracted pre-sales of other property development projects, under the brand name “Yanlord,” amounted to RMB153m on contracted GFA of 4,914 sqm.