In an operating update, Yanlord Land Group said that pre-sales contracted for the first nine months of the year has dipped from this time last year, suggesting that it too has been affected by the slowdown in China’s property market.

For 9MFY2021 ended Sept 30, the Singapore listed but China based developer managed to achieve pre-contracted sales of RMB36.8 billion, down 30.9% y-o-y from RMB53.2 billion achieved in 9MFY2020.

The slowdown for the month of September is more pronounced: down 47.1% y-o-y to RMB2.9 billion.

Yanlord shares closed Oct 6 at $1.12, unchanged for the day and down 0.88% year to date.