Yanlord Land: April contracted pre-sales down 81 percent by value

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Yanlord Land said Friday its April total contracted pre-sales from residential and commercial units and car parks, including joint ventures and associates, amounted to around CNY1.47 billion from contracted gross floor area of 40,803 square meters, down 80.8 percent and down 81.8 percent, respectively, from April 2021.

In addition, around CNY2.63 billion of subscription sales of the group, along with its joint ventures and associates was posted as of end-April, 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 four months ended 30 April, the group, together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks was around CNY2.30 billion on contracted gross floor area of 52,724 square meters, down 14.7 percent and down 41.7 percent respectively on-year, the filing said.

Read more details of Yanlord’s sales figures.