Yanlord pre-sales down 53.8% to $906.43m in October

GFA also recorded a 51.3% YoY decline to 132,070 sqm. 

Yanlord Land Group Limited revealed that its pre-sales amounted to around $906.43m (RMB 4.29b) for October 2021 at a 53.8% decline. 

Included in this metric are pre-sales from residential and commercial units, as well as car parks. 

Contracted gross floor area (GFA) also echoed this performance with a 51.3% decline to 132,070 square metres. 

A total of around $682.76m (RMB 3.23b) in subscription sales was also observed in the same period. The group expects this to be converted into contracted pre-sales over the following months. 

Total contracted pre-sales of projects under the group, meanwhile, were seen at approximately $2.9b (RMB 13.66b) on contracted GFA of 300,711 sqm.

Key contributors pointed to by the group include Nanjing, Suzhou, Shanghain, Tianjin and Singapore, with percentage contributions of 19.5%, 14.4%, 9.2%, and 7.6%, respectively. Covered by this are contracted pre-sales of the group, along with its join ventures and associates. 

Meanwhile, Nanjing, Suzhou and Shanghai had the most contributions in terms of contracted pre-sales of other property development projects bearing the “Yanlord” brand name. These were seen to have contributions of 52.6%, 16.8%, and 30.2%, respectively.

Overall, aggregate contracted pre-sales in these five cities are valued at $5.06b (RMB 23.82b), or 58.3% of total contracted pre-sales of the Group for the last ten months.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.