Yanlord Land: February contracted pre-sales dropped

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Yanlord Land said Friday its February total contracted pre-sales from residential and commercial units and car parks, including joint ventures and associates, amounted to around CNY1.07 trillion from contracted gross floor area of 30,223 square meters, down 57.9 percent and 62.1 percent, respectively, from February 2021.

The Lunar New Year holiday period fell at the beginning of February.

In addition, around CNY1.96 billion of subscription sales of the group, along with its joint ventures and associates was posted as of end-February, Yanlord said in a filing to SGX. 

Those sales are expected to be turned into contracted pre-sales in coming months, Yanlord said. 

For the January-to-February period, total contracted pre-sales from residential and commercial units and car parks, including joint ventures and associates, amounted to around CNY10.88 trillion from contracted gross floor area of 200,709 square meters, up 40.1 percent and down 16.2 percent, respectively, from the year-earlier two-month period, the filing said. 

Read more details of Yanlord’s sales figures.