Yanlord Land Group Limited
(Company Registration Number 200601911K)
(Incorporated with limited liability in the Republic of Singapore)
UNAUDITED KEY OPERATING FIGURES FOR AUGUST 2021
Singapore/Hong Kong - 7 September 2021 - Yanlord Land Group Limited (Z25.SI)
("Yanlord" or the "Company" and together with its subsidiaries, the "Group"), a Singapore Exchange-listed real estate developer focusing on developing high-end integrated commercial and residential property projects in strategically selected high-growth cities in the People's Republic of China ("PRC") and Singapore, today announced the unaudited key operating figures of (i) the Group together with its joint ventures and associates; and (ii) other property development projects under the Group's project management business bearing the "Yanlord" brand name, for the month of August 2021 and for the eight months ended 31 August 2021.
- In August 2021, the Group together with its joint ventures and associates' total contracted pre-sales from residential and commercial units, and car parks amounted to approximately RMB2.289 billion on contracted gross floor area ("GFA") of 81,200 square metres ("sqm"), a decrease of 81.0% and 71.1% respectively compared to the corresponding period of 2020.
- For the eight months ended 31 August 2021, the Group together with its joint ventures and associates' total contracted pre-sales from residential and commercial units, and car parks was approximately RMB33.901 billion on contracted GFA of 1,081,345 sqm, a decrease of 29.0% and 15.5% respectively compared to the corresponding period of 2020.
- In addition, a total of approximately RMB2.059 billion of subscription sales of the Group together with its joint ventures and associates was recorded as at 31 August 2021 and is expected to be subsequently turned into contracted pre-sales in the following months.
- In August 2021, the total contracted pre-sales of other property development projects under the Group's project management business bearing the "Yanlord" brand name was approximately RMB54 million on contracted GFA of 1,779 sqm.
- For the eight months ended 31 August 2021, the total contracted pre-sales of other property development projects under the Group's project management business bearing the "Yanlord" brand name was approximately RMB11.274 billion on contracted GFA of 241,286 sqm.
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Yanlord Land Group Limited
(Company Registration Number 200601911K)
(Incorporated with limited liability in the Republic of Singapore)
Contracted | YoY1 | Total | YoY1 | ||||
Period | Pre-sales | Change | Contracted | Change | |||
GFA | |||||||
(RMB billion) | (sqm) | ||||||
Contracted pre-sales of the Group together with its joint ventures and associates | |||||||
Month of August 2021 | 2.289 | (81.0)% | 81,200 | (71.1)% | |||
Month of August 2020 | 12.026 | 280,820 | |||||
Eight months ended 31 August 2021 | 33.901 | (29.0)% | 1,081,345 | (15.5)% | |||
Eight months ended 31 August 2020 | 47.765 | 1,279,083 | |||||
Subscription sales of the Group together with its joint ventures and associates yet to be
turned into contracted pre-sales | |
As at 31 August 2021 | RMB2.059 billion |
Contracted pre-sales of other property development projects under the Group's project
management business bearing the "Yanlord" brand name
Month of August 2021 | 0.054 | (18.2)% | 1,779 | (12.8)% | |
Month of August 2020 | 0.066 | 2,039 | |||
Eight months ended 31 August 2021 | 11.274 | 555.1% | 241,286 | 452.4% | |
Eight months ended 31 August 2020 | 1.721 | ||||
43,681 |
The following five cities were key contributors to contracted pre-sales of the Group together with its joint ventures and associates, and of other property development projects under the Group's project management business bearing the "Yanlord" brand name, for the eight months ended 31 August 2021:
City | Contracted pre- | Contribution | Contracted pre-sales | Contribution |
sales of the Group | of other property | |||
together with its | development projects | |||
joint ventures and | under the Group's project | |||
associates | management business | |||
bearing the "Yanlord" | ||||
(RMB billion) | (%) | brand name | (%) | |
(RMB billion) | ||||
Nanjing | 6.653 | 19.6% | 5.316 | 47.2% |
Suzhou | 5.560 | 16.4% | 1.787 | 15.9% |
Shanghai | 3.508 | 10.3% | 4.128 | 36.6% |
Zhuhai | 2.867 | 8.5% | - | - |
Jinan | 2.588 | 7.6% | - | - |
The aggregate contracted pre-sales in these five cities of approximately RMB21.176 billion, accounted for approximately 62.4% of the total contracted pre-sales of the Group together with its joint ventures and associates for the eight months ended 31 August 2021.
- End -
- Year-over-year(YoY)
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Yanlord Land Group Limited
(Company Registration Number 200601911K)
(Incorporated with limited liability in the Republic of Singapore)
Disclaimer
The information in this announcement is unaudited and is based solely on internal data of the Group. The information in this announcement may differ from information to be disclosed in the unaudited and audited consolidated financial statements of the Group to be announced by the Company on a semi- annual and annual basis, respectively. The information provided in this announcement is for reference only.
This announcement may also contain forward-looking statements that involve assumptions, risks and uncertainties. These forward-looking statements are based on the Group's current intentions, plans, expectations, assumptions and views about certain future events and are subject to risks, uncertainties and other factors, many of which are not within the Group's control. Actual future performance and outcomes of certain events and results may differ materially from the Group's current intentions, plans, expectations, assumptions and views about the future. Examples of these factors include, inter alia, general industry and economic conditions, interest rate movements, cost of capital and capital availability, changes in operating expenses such as employee wages and benefits, governmental and public policy changes, changes to laws and regulations, acts of god and the prevailing global COVID- 19 pandemic. Accordingly, forward-looking statements are not, and should not be construed as a representation as to the future performance of the Group. The past performance of the Group is not indicative of future performance as well.
While the Group has taken reasonable care to ensure the accuracy and completeness of the information provided in this announcement, neither the Group nor any of its affiliates, advisers or representatives shall be liable (in negligence or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information contained in this announcement.
Shareholders, investors and potential investors are cautioned not to place undue reliance on the information contained in this announcement which is unaudited and is based solely on internal data of the Group and the forward-looking statements, which are based on current view of the Group on future events. Shareholders, investors and potential investors should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take.
About Yanlord:
Yanlord is a real estate developer focusing on developing high-endfully-fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities in the PRC and Singapore. Yanlord has been listed on the Mainboard of the Singapore Exchange since June 2006. As at 30 June 2021, the Group's total asset was approximately RMB156.020 billion.
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Yanlord Land Group Limited
(Company Registration Number 200601911K)
(Incorporated with limited liability in the Republic of Singapore)
Since Yanlord's foray into the PRC property market in 1993, it has successfully developed a number of large-scale residential property developments with international communities of residents. Building on its established track record for developing high-end residential property developments in prime locations within affluent cities of the PRC, the "Yanlord" name has been developed into a premium brand synonymous with quality within the property development industry of the PRC. Typically, Yanlord's residential property developments are characterised by large-scale,multi-phased projects designed and built by international architects, leading designers and reputable contractors. Currently, the Group has an established presence in 19 key high-growth cities within the six major economic regions of the PRC, namely:
- Yangtze River Delta - Shanghai, Nanjing, Suzhou, Hangzhou, Nantong, Yancheng, Taicang and Wuxi;
- Western China - Chengdu;
- Bohai Rim - Tianjin, Tangshan, Jinan and Shenyang;
- Greater Bay Area - Shenzhen, Zhuhai and Zhongshan;
- Hainan - Haikou and Sanya; and
- Central China - Wuhan.
In Singapore, Yanlord currently has two residential projects under development, namely Leedon Green and Dairy Farm Residences.
Since 2003, Yanlord has been developing high-quality commercial and integrated properties for long-term investment purpose, such as shopping malls, offices, serviced apartments and hotels. Currently, Yanlord holds a portfolio of core completed investment and hotel properties, including Yanlord Landmark and Hengye International Plaza in Chengdu; Yanlord Riverside Plaza in Tianjin; Yanlord Marina Centre in Zhuhai; Crowne Plaza Sanya Haitang Bay Resort in Sanya; and Yanlord International Apartments, Tower A and Yanlord Landmark in Nanjing, in the PRC. The Group also holds a high-quality investment property portfolio and hotels in Singapore, including UE BizHub CITY (including Park Avenue Clemenceau), UE BizHub TOWER, UE BizHub WEST, Rochester Mall and Park Avenue Rochester and Park Avenue Robertson. These projects are generating a growing rental income and increase the asset value for the Group.
More information about Yanlord can be found on the Company's corporate website at www.yanlordland.com.
Analysts & Media Contact:
Michelle Sze | Emma Xu | Krystal Xu |
Head of Investor Relations | Investor Relations and | Investor Relations Associate |
Yanlord Land Group Limited | Corporate Communication | Yanlord Land Group Limited |
Phone: (852) 2861 0608 | Executive | Phone: (65) 6336 2922 |
Michelle.sze@yanlord.com.hk | Yanlord Land Group Limited | Krystal.xu@yanlord.com.sg |
Phone:(65) 6336 2922 | ||
Emma.xu@yanlord.com.sg |
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Yanlord Land Group Limited published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 13:41:03 UTC.