For the month of January, Yanlord Land Group posted contracted pre-sales of RMB5.22 billion ($1.08 billion) from residential and commercial units, as well as car parks, over contracted gross floor area (GFA) of 159,718 sqm.

January’s contracted pre-sales stood 148.2% higher than contracted pre-sales of RMB2.11 billion in January 2020, while contracted GFA came in 161.8% higher than the 61,018 sqm a year ago.

Total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name was about RMB2.20 billion over contracted GFA of 54,572 sqm.

SEE: Yanlord announces over 75% y-o-y increase in precontracted sales in August

In comparison, total contracted pre-sales of other property development projects in January 2020 came in at RMB3 million over contracted GFA of 493 sqm.

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In addition, a total of approximately RMB2.54 billion of subscription sales of the group together with its joint ventures and associates was recorded as Jan 31. It is expected to be subsequently turned into contracted pre-sales in the following months.

During the month, about 73.4% of the contracted pre-sales were contributed by the Chinese cities of Nanjing, Suzhou, Shanghai, Hangzhou and Nantong.

As at 10.37am, shares in Yanlord are trading 2 cents higher or 1.8% up at $1.12