In its business update for the month of October, Yanlord announced that it, together with its joint ventures and associates, have contracted a total of about RMB4.3 million from residential and commercial units, and car parks on a contracted gross floor area (GFA) of 132,070 sqm, a decrease of 53.8% and 51.3% respectively compared to the corresponding period of 2020.
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For the ten months ended Oct 31, the group together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks was approximately RMB41.1 billion on contracted GFA of about 1.3 million sqm, a decrease of 34.3% and 23.0% respectively compared to the corresponding period of 2020.
In addition, a total of approximately RMB3.2 billion of subscription sales of the group together with its joint ventures and associates was recorded as at Oct 31 and is expected to be subsequently turned into contracted pre-sales in the following months.
In October, the total contracted pre-sales of other property development projects under the group’s project management business was approximately RMB2.0 billion on contracted GFA of 48,919 sqm.
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During the same period, the total contracted pre-sales of other property development projects under the group’s project management business was approximately RMB13.7 billion on contracted GFA of 300,711 sqm.
Shares in Yanlord closed at $1.13 on Nov 5.
