Yanlord's pre-sales spiked 68.4% YoY to $3.7b YTD

Nanjing City took the lead as it accounted for 36.8% of the pre-sales figure.

Yanlord saw its pre-sale values jump 68.4% YoY to $3.7b (RMB18.92b) in the first five months of May from $2.2b (RMB11.24b) in the same period in 2019, according to an SGX filing.

In addition, around $811.62 (RMB4.15b) of subscription sales of the group was recorded as at end-May and is expected to be subsequently turned into contracted pre-sales in the following months.

Nanjing City took the lead as it accounted for 36.8% of the pre-sales figure, followed by Suzhou at 18.4%, Shenzhen at 12.7%, Hangzhou at 8.2% and Tianjin at 7.2%.

The aggregate contracted pre-sales in these five cities of approximately $3.09b (RMB15.75b), accounted for about 83.3% of the total contracted pre-sales for the five months ended 31 May.

In May alone, Yanlord’s pre-sales from residential, commercial units and car parks skyrocketed 245.7% YoY to approximately $1.43b (RMB7.28b) on a contracted gross floor area (GFA) of 190,226 sqm, from $413.15m (RMB2.11b) in May 2019.