Yanlord pre-sales dip 24% YoY to $12.7b in 2021

December 2021 pre-sales declined 16.3% YoY.

Yanlord Land Group Limited saw a 24% decline in contracted pre-sales from residential and commercial units, and car parks, reaching $12.7b (RMB59.59b) in 2021, compared to the previous year.

The contracted gross floor area (GFA) reached around 1.87 million square metres (sqm), down 12.7%, according to data from Yanlord.

The average selling price per sqm for 2021, meanwhile, decreased 13% to $39,007.55 (RMB31,889) due to the change in the composition of projects under pre-sales it said.

Meanwhile, contracted pre-sales in December 2021 also recorded a decline of 16.3% year-on-year (YoY), reaching around $2b (RMB9.217b), whilst contracted GFA on the pre-sale reached 322,671 sqm, an increase by 18.5% YoY.

Total contracted pre-sales of other property development projects under the group’s project management business bearing “Yanlord” brand name reached around $246.6m (RMB1.2b) in December 2021 with a contracted floor area of 28,171 sqm.

For the full year, pre-sales under the project management business was around S$3.9b (RMB18.1b) with a GFA of 376,623 sqm.

The cities of Shanghai, Nanjing, Suzhou, Hangzhou, and Singapore were the five key contributors to contracted pre-sales of the group in 2021, accounting for 62.1% of the total at around $7.9b (RMB37b).

Nanjing also accounted for 46.5% of the contracted pre-sales of other property development projects under the group’s project management business bearing the “Yanlord” brand name, whilst Shanghai and Suzhou accounted for 40% and 13.2%, respectively.

Subscription sales of the Group also reached $456m (RMB2b) for the year and were expected to be turned into contracted pre-sales in the following months, it said.

RMB1 = $0.21

Follow the link for more news on

Yanlord Land Group Limited

Yanlord pre-sale

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia