Yanlord Land Group’s contracted pre-sales drop to RMB26.1b in 9M23

The 9M23 pre-sale translates to a 51.7% YoY decline.

Yanlord Land Group’s contracted pre-sales from residential and commercial units and car parks fell by 51.7% YoY to $4.9t (RMB26.1b) in 9M23, its latest unaudited operating figures revealed.

Whilst the value of its pre-sales declined in 9M23, the group’s total contracted gross floor area (GFA) increased by 1.0% YoY to  1,018,923 square metres (sqm).

Looking at September figures alone, the group’s contracted pre-sales and GFA both dropped, recording a decline of  83.0% to $302.1m (RMB1.6b) and 63.2% to  67,835 sqm, respectively.

The biggest contributors to the Group’s pre-sales were Suzhou (14.1%), Tianjin (12.0%) Nanjing (11.8%), Jinan (11.6%), and Shenzhen (10.0%).

With an aggregate contracted pre-sales of  $2.9b (RMB15.5b), these five cities accounted for 59.5% of the total contracted pre-sales of the group in the first nine months of the year.

1 SGD = RMB 5.35