Yanlord's pre-sales jumped 65% to $5.91b in H1

Sales from Nanjing accounted for 26.6% of the group’s total.

Yanlord Land Group pre-sales from residential and commercial units, and car parks surged 65% YoY in H1 to approximately $5.91b (RMB29.773b) compared to the corresponding period in 2019, according to a press release.

In addition, a total of approximately $793.48b (RMB3.995b) of subscription sales of the group was recorded as at 30 June, which is expected to be subsequently turned into contracted pre-sales in the following months.

Its contracted gross floor area (GFA) climbed 30.7% to 831,457sqm over the period. Just in June, the group contracted pre-sales from residential and commercial units, and car parks increased 59.5% YoY amounting to approximately $2.16b (RMB10.855b) on GFA of 304,710sqm.

Sales from Nanjing accounted for the biggest portion of Yanlord's pre-sales at $1.58b (RMB7.93b) or 26.6% of the group’s total. This is followed by Suzhou $1.46b (RMB7.36b) and Shenzhen $775.49m (RMB3.91b). Nantong and Hangzhou rounded out the top five with $571.6m (RMB2.88b) and $553.57m (RMB2.79b), respectively.

The $4.94b (RMB24.86b) contracted pre-sales in these five cities accounted for about 83.5% of the group’s total contracted pre-sales in H1.