Yanlord Land Group

Yanlord Garners Approximately RMB2.09 Billion in Pre-Sales with 100% Sellout at the Launch of Yanlord Riverside Gardens in Hangzhou

Yanlord Land Group Limited announced today that it had achieved a 100% sellout at the latest launch of apartment units at Yanlord Riverside Gardens in Hangzhou.

Opening to stellar response from the market on 14 December 2019, Yanlord sold out all 149 apartment units launched at an average selling price of approximately RMB70,697 per square metre ("sqm") for a total gross floor area ("GFA") of 29,625 sqm. Total contracted pre-sales derived from this launch amounted to approximately RMB2.09 billion.

More details in https://links.sgx.com/FileOpen/18-12-201...eID=590906

Aug 2020 update
1. In August 2020, the Group together with its joint ventures and 
associates’ total contracted pre-sales from residential and commercial units, and car parks amounted to approximately RMB12.026 billion on contracted gross floor area (“GFA”) of 280,819 square meters (“sqm”).

2. For the eight months ended 31 August 2020, the Group together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks rose 73.5% to approximately RMB47.765 billion compared to the corresponding period in 2019. In addition, a total of approximately RMB4.194 billion of subscription sales of the Group together with its joint ventures and associates was recorded as at 31 August 2020 and is expected to be subsequently turned into contracted pre-sales in the following months.

3. The aggregate contracted pre-sales in these five cities of approximately RMB37.416 billion, accounted for approximately 78.5% of the total contracted pre-sales of the Group together with its joint ventures and associates for the eight months ended 31 August 2020.
https://links.sgx.com/FileOpen/07-09-202...eID=630828

Stay home and stay healthy, everyone.

Yanlord Land Group Limited (Z25.SI)
In December 2020, the Group together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks amounted to approximately RMB11.015 billion on contracted gross floor area (“GFA”) of 272,357 square meters (“sqm”).

For the full year ended 31 December 2020, the Group together with its joint ventures and associates’ total contracted pre-sales from residential and commercial units, and car parks amounted to approximately RMB78.455 billion on contracted GFA of 2,141,352 sqm, an increase of 40.8% and 14.0% respectively compared to the corresponding period of 2019. 

For the full year ended 31 December 2020, the total contracted pre-sales of the property development projects under the Group’s project management business carrying the “Yanlord” brand name was approximately RMB11.517 billion on contracted GFA of 212,229 sqm. 

In addition, a total of approximately RMB2.162 billion of subscription sales of the Group together with its joint ventures and associates was recorded as at 31 December 2020 and is expected to be subsequently turned into contracted presales in the following months.

FYI:
The Group also strives to expand its businesses to diversify its asset base and income sources. In February 2020, Yanlord successfully completed the acquisition of then another Singapore Exchange listed company - United Engineers Limited (“UEL”), taking it private and integrating into the Group.

Stay home and stay safe, everyone.

Ho Bee@286 Yanlord@120

Joint press release

Yanlord and Ho Bee are set to jointly develop a site located in Hongqiao District, Tianjin, the People’s Republic of China (“PRC”) into a new high-end residential development with ancillary community retail space and educational facilities with a total gross floor area (“GFA”) of approximately 117,100 square metres (“sqm”).

Mr. Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “The latest land acquisition in Tianjin reiterates our commitment to and confidence in the Tianjin real estate market, and will build on our extensive track record of developing quality residences which Tianjin citizens have grown to trust and support. Capitalising on our core competencies as well as the synergistic benefits from our partner – Ho Bee, we believe that the site will complement our existing initiatives and further strengthen our presence within the Bohai Rim real estate market.”

Mr. Chua Thian Poh, Ho Bee’s Chairman and Chief Executive Officer, said, “We are very pleased to continue our partnership with Yanlord, which has a wealth of experience in developing and marketing premium residential projects in Tianjin. Leveraging on their expertise, we are confident that the proposed residential project will be another successful cooperation between Ho Bee and Yanlord. Furthermore, this joint development is in line with Ho Bee’s strategic policy to diversify overseas.”
https://links.sgx.com/FileOpen/YLG%20_Pr...eID=672688

Stay home and stay safe, everyone.

Yanlord@121
Operating figures for June 2021
https://links.sgx.com/FileOpen/06-07-202...eID=673822




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yanlord@113
1H2021 result
https://links.sgx.com/FileOpen/12-08-202...eID=678614

https://drive.google.com/open?id=1nbj5lY...cTIjy9V1gh-

Stay home and stay safe, everyone.

https://links.sgx.com/FileOpen/05-01-202...eID=782374

Yanlord Dec 2022 sales was a low base value. Dec 2023 was even more damning where there is a 50% decline in sales from the low base reference. Yanlord is announcing a financial loss for the fulll year as well. In short, the property market is definitely in a bad shape.

https://links.sgx.com/FileOpen/23-04-202...eID=797792

Yanlord's reply on question 3 is interesting. When queried on why it wrote down 70% of the carrying value, it reveals these were unsold apartment units and in development units that have not been sold.

A 70% write down on property prices is staggering. And pherhaps signals the true value of homes. We have had ppl estimating write downs to be 50% or less but yanlord is saying otherwise

(24-04-2024, 12:22 PM)CY09 Wrote: https://links.sgx.com/FileOpen/23-04-202...eID=797792

Yanlord's reply on question 3 is interesting. When queried on why it wrote down 70% of the carrying value, it reveals these were unsold apartment units and in development units that have not been sold.

A 70% write down on property prices is staggering. And pherhaps signals the true value of homes. We have had ppl estimating write downs to be 50% or less but yanlord is saying otherwise

The questioner(me) made a mistake and missed the underlined "properties under development" and Yanlord corrected it by copying the below into the Q&A. 

Note 9 

As at December 31, 2023, the balance of provision for write-down of completed properties for sale and properties under development for sale amounted to RMB1.460 billion (2022 : RMB9 million). The write-down of these properties recognised in profit or loss for the current reporting period amounted to RMB1.453 billion (2022 : RMB9 million)

Overall, I don't like their replies.