Yanlord pre-sales dip 24% YoY to $12.7b in 2021

December 2021 pre-sales declined 16.3% YoY.

Yanlord Land Group Limited saw a 24% decline in contracted pre-sales from residential and commercial units, and car parks, reaching $12.7b (RMB59.59b) in 2021, compared to the previous year.  

The contracted gross floor area (GFA) reached around 1.87 million square metres (sqm), down 12.7%, according to data from Yanlord.

The average selling price per sqm for 2021, meanwhile,  decreased 13% to $39,007.55 (RMB31,889) due to the change in the composition of projects under pre-sales it said.

Meanwhile, contracted pre-sales in December 2021 also recorded a decline of 16.3% year-on-year (YoY), reaching around $2b (RMB9.217b), whilst contracted GFA on the pre-sale reached 322,671 sqm, an increase by 18.5% YoY.

Total contracted pre-sales of other property development projects under the group’s project management business bearing “Yanlord” brand name reached around $246.6m (RMB1.2b) in December 2021 with a contracted floor area of 28,171 sqm.

For the full year, pre-sales under the project management business was around S$3.9b (RMB18.1b) with a GFA of 376,623 sqm.

The cities of Shanghai, Nanjing, Suzhou, Hangzhou, and Singapore were the five key contributors to contracted pre-sales of the group in 2021, accounting for 62.1% of the total at around $7.9b (RMB37b). 

Nanjing also accounted for 46.5% of the contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name, whilst Shanghai and Suzhou accounted for 40% and 13.2%, respectively. 

Subscription sales of the Group also reached $456m (RMB2b) for the year and were expected to be turned into contracted pre-sales in the following months, it said.

RMB1 = $0.21


Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The growth was driven by the increase in services inflation.
A new range of collaborative social spaces will make up the structure. 
One measure is the removal of the clickable links in SMSes sent by the bank.
The increase represented increased considerations of 2.1% in cash and 5.8% in shares.
It achieved a 100% sellout in its apartment launches at Yanlord Arcadia.
The institutions will collaborate on payments innovation projects amongst others.
Keppel Corp had the most growth.
It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.