Yanlord Land Group posted a total of RMB5.42 billion ($1.09 billion) in contracted pre-sales from residential and commercial units and car parks amounting to some 159,171 sqm on contracted gross floor area (GFA) for the month of September.

<strong>See also:</strong> <a href="https://www.theedgesingapore.com/news/property/yanlord-acquires-shanghai-prime-residential-development-site-rmb45-bil-through-jv"  target="_blank">Yanlord acquires Shanghai prime residential development site for RMB4.5 bil through JV company</a>

For the nine months ended Sept 30, the group’s pre-sales rose 66.7% y-o-y to approximately RMB53.19 billion.

In addition, the group registered a total of RMB6.39 billion of subscription sales, which is expected to be subsequently turned into contracted pre-sales in the following months.

About 78.6% of the group’s sales – or a total of RMB41.80 billion – were contributed by Suzhou, Nanjing, Shenzhen, Hangzhou and Shanghai.

Shares in Yanlord closed 1 cent lower, or 0.9% down, at $1.13 on Oct 6.

Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020

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Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020

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