Yanlord Land: March contracted pre-sales dropped

A 1 yuan note. Photo by Rob on UnsplashA 1 yuan note. Photo by Rob on Unsplash

Yanlord Land said Wednesday its March total contracted pre-sales from residential and commercial units and car parks, including joint ventures and associates, amounted to around CNY5.34 billion from contracted gross floor area of 120,987 square meters, up 0.8 percent and down 23.8 percent, respectively, from March 2021.

In addition, around CNY3.20 billion of subscription sales of the group, along with its joint ventures and associates was posted as of end-March, 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 three months ended 31 March, the group, together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks was around CNY16.21 billion on contracted gross floor area of 321,696 square meters, up 24.2 percent and down 19.2 percent respectively on-year, the filing said.

Read more details of Yanlord’s sales figures.

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