Yanlord Land Group Z25 has reported total contracted pre-sales of RMB1.09 billion ($205.5 million) for the month of November. The amount, which came from the group’s residential and commercial units as well as car parks, was 71.5% lower than November 2022’s RMB3.82 billion.
This month’s total contracted pre-sales stood over a gross floor area (GFA) of 38,398 sqm, which was a 66.0% decrease from November 2022’s GFA.
For the eleven months ended Nov 30, the group’s total contracted pre-sales was approximately RMB29.23 billion on a total contracted GFA of 1,143,086 sqm, a decrease of 52.8% and 8.0%, respectively, compared to the corresponding period of 2022.
For the same period, contracted pre-sales of other property development projects under the group’s project management business stood at RMB1.359 billion on a total contracted GFA of 64,349 sqm.
The key contributors to the group’s total contracted pre-sales were the Chinese cities of Suzhou, Jinan, Shenzhen, Nanjing and Tianjin, in that order.
As at Nov 30, Yanlord’s subscription sales stood at RMB3.11 billion.
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Shares in Yanlord closed 1.5 cents lower or 2.8% down at 52 cents on Dec 4.
