Yanlord’s contracted pre-sales soar 87.7% to $2.07b in January 2022

Singapore was the third top contributor to its contracted pre-sales.

Chinese real-estate developer Yanlord Land Group Limited saw its contracted pre-sales from its residential and commercial units, and car parks skyrocket by 87.7% year-on-year (YoY) to $2.07b (RMB9.807b) in January 2022.

In the same month, the developer’s contracted gross floor area likewise rose by 6.7% YoY to 170,486 square metres (sqm).

By the end of January 2022, the SGX-lister developer, together with its joint ventures and associates,  was also able to record $387.23m (RMB1.833b) of subscription sales.

Meanwhile, total contracted pre-sales of other property development projects under the developer’s project management business bearing the “Yanlord” brand name was at $168.79m (RMB0.799b) on contracted GFA of 25,164 sqm.

The developer said Singapore was the third top contributor to its contracted pre-sales in January 2022, contributing $117.88m (RMB558m) or 5.7%.

1 SGD = RMB 4.73