Yanlord pre-sales down 53.8% to $906.43m in October

GFA also recorded a 51.3% YoY decline to 132,070 sqm. 

Yanlord Land Group Limited revealed that its pre-sales amounted to around $906.43m (RMB 4.29b) for October 2021 at a 53.8% decline. 

Included in this metric are pre-sales from residential and commercial units, as well as car parks. 

Contracted gross floor area (GFA) also echoed this performance with a 51.3% decline to 132,070 square metres. 

A total of around $682.76m (RMB 3.23b) in subscription sales was also observed in the same period. The group expects this to be converted into contracted pre-sales over the following months. 

Total contracted pre-sales of projects under the group, meanwhile, were seen at approximately $2.9b (RMB 13.66b) on contracted GFA of 300,711 sqm.

Key contributors pointed to by the group include Nanjing, Suzhou, Shanghain, Tianjin and Singapore, with percentage contributions of 19.5%, 14.4%, 9.2%, and 7.6%, respectively. Covered by this are contracted pre-sales of the group, along with its join ventures and associates. 

Meanwhile, Nanjing, Suzhou and Shanghai had the most contributions in terms of contracted pre-sales of other property development projects bearing the “Yanlord” brand name. These were seen to have contributions of 52.6%, 16.8%, and 30.2%, respectively.

Overall, aggregate contracted pre-sales in these five cities are valued at $5.06b (RMB 23.82b), or 58.3% of total contracted pre-sales of the Group for the last ten months.