129 views
Photo from Yanlord's website.

Yanlord contracted pre-sales down 5% YoY in October

It reached RMB58.1t in the first 10 months of 2022.

Yanlord Group, along with its joint ventures and associates, posted a 5% year-on-year (YoY) decline in contracted pre-sales from residential and commercial units and car park in October 2022 to around ($794m) RMB4.1b.

In a statement, Yanlord said the pre-contracted sales covered a gross floor area (GFA) of 120,667 square metres (sqm) which also slipped by 8.6% YoY.

For the first 10 months of the year, the Group’s total contracted pre-sales from the three segments surge 41.6% YoY to around $11.3b (RMB58.1b), over a contracted gross floor area (GFA) of around 1.1 million square metres or a 14.2% YoY decline.

READ MORE: Yanlord contracted pre-sales leaps by more than 200% in August

Shanghai, Suzhou, Singapore, Wuxi, and Hangzhou were the top five key contributing cities with a total contracted pre-sales of around $9.3b (RMB48b), accounting for 82.5% of the total in the first ten months.

Meanwhile, its subscription sales reached around $632.5m (RMB3.2b) and were expected to be turned into property contracted pre-sales in the following months.

The Group's total contracted pre-sales of other property development projects under its project management business which has the “Yanlord” brand name reached around $29.4m (RMB151m) on a GFA of 4,267 sqm.

For the first 10 months, such projects reached $5.03b (RMB5.3b) on a contracted GFA of 127,492 sqm.

SGD1 = RMB5.14

Follow the link for more news on

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!