Yanlord Group pre-sales down 47.1% YoY in September

A decrease in the contracted GFA of 35.3% was recorded, as well.

Yanlord Group Limited's pre-sales from residential and commercial units decreased by 47.1% year-on-year (YoY) to $566.60m for September 2021.

A 35.3% YoY decrease in the contracted gross floor area (GFA) was also seen at 102,946 sqm.

An approximate total of $644.12m (¥ 3.06B) worth of subscription sales of the group was recorded. This, in turn, is expected to be converted into contracted pre-sales for the next months.

Total contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name were valued at $73.33m (¥348m) on contracted GFA of 10,506 sqm.