Yanlord Land Group presales 52.5% lower in 2023

Presales for the month of December are 49.1% lower than a year ago.

Yanlord Land Group’s total contracted presales in 2023 was just over US$4.51b (RMB32.352b) on a total contracted GFA of 1.24 million sqm. This is 52.5% and 13.7% lower, respectively, compared to the full-year figures in 2022, the group’s latest unaudited figures showed.

For December, total contracted presales for residential and commercial units, and car parks was US$435.5m (RMB3.118b). This is 49.1% lower than in December 2022.

Total contracted gross floor area (GFA) is 94,382 square meters (sqm) for the month, 50.7% lower than a year earlier.

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Total contracted pre-sales of other property development projects in December were around US$31.43m (RMB225m) on a contracted GFA of 9,622 sqm.

A total of approximately US$278.9m (RMB1.997b) of subscription sales of the group and
its joint ventures and associates were recorded as of 31 December 2023. These are expected to be subsequently turned into property contracted pre-sales in the following months.