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

Felicia Tan
Felicia Tan10/6/2020 07:10 PM GMT+08  • 1 min read
Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020
For the nine months ended Sept 30, the group’s pre-sales rose 66.7% y-o-y to approximately RMB53.19 billion.
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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.

See also: Yanlord acquires Shanghai prime residential development site for RMB4.5 bil through JV company

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.

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