Yanlord Land contracted pre-sales doubles to S$810m in April

The city of Suzhou contributed the highest with S$407m.

Yanlord Land Group Limited recorded 187.1% growth in contracted pre-sales from residential and commercial units, and car parks.

Pre-sales amounted to RMB4.22b (S$810m) in April, from RMB1.47b (S$282m) in April 2022.

The group's contracted gross floor area expanded by 349.1% to 183,249 square metres (sq m) from 40,803 sq m.

The city of Suzhou contributed the highest contracted pre-sales with RMB2.12b (S$407m) or 17.2%, followed by Tianjin with RMB2.03b (S$389m) or 16.4%, Shenzen with RMB1.26b (S$241m) or 10.2%, Wuxi with RMB1.15b (S$222m) or 9.3%, and Haikou with RMB1.06b (S$203m) or 8.6%.

The contracted pre-sales of these five cities reached RMB7.61b (S$1.46b), or 61.7% of the Group's total property pre-sales together with its joint ventures and associates for the four months ended 30 April.

However, the contracted pre-sales of other property developments under the Group's project management business bearing the "Yanlord" brand name fell 86.9% to RMB27m (S$5.18m) in April 2023 from RMB206m (S$39.6m) in the last year.

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