Yanlord's total contracted pre-sales down 71.5% y-o-y to RMB1.1 bil in Nov

For the eleven months ended Nov 30, the group’s total contracted pre-sales was approximately RMB29.23 billion on a total contracted GFA of 1,143,086 sqm, a decrease of 52.8% and 8.0%, respectively, compared to the corresponding period of 2022. 

For the same period, contracted pre-sales of other property development projects under the group’s project management business stood at RMB1.359 billion on a total contracted GFA of 64,349 sqm.

The key contributors to the group’s total contracted pre-sales were the Chinese cities of Suzhou, Jinan, Shenzhen, Nanjing and Tianjin, in that order.

As at Nov 30, Yanlord’s subscription sales stood at RMB3.11 billion.

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Shares in Yanlord closed 1.5 cents lower or 2.8% down at 52 cents on Dec 4.