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Yanlord Land Group’s contracted pre-sales rise to $6.5b in H122

The H122 pre-sales translate to a 9.5% YoY jump.
 
Yanlord Land Group’s contracted pre-sales from residential and commercial units, and car parks rose by 9.5% YoY to $6.5b (RMB31.394b) in H122, its latest unaudited operating figures revealed.

Whilst the value of its pre-sales rose in H1, the Group’s total contracted gross floor area (GFA) dropped by 30.0% to 629,694 square metres (sqm).

READ MORE: Yanlord Land Group profit up 10.5% YoY to $867.77m for FY 2021

Looking at June figures alone, the Group’s contracted pre-sales and GFA both skyrocketed, recording an increase of  201.0% to $2.6b (RMB12.578b) and 46.8% to 219,500 sqm, respectively.

The biggest contributors to the Group’s pre-sales were Shanghai (51.9%), Suzhou (17.2%), Singapore (6.2%), Hangzhou (3.7%), and Haikou (3.5%).

With an aggregate contracted pre-sales of  $5.4b (RMB25.930b), these five cities accounted for 82.5% of the total contracted pre-sales of the Group in the first half of the year.

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