Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

Research from SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

Singapore Real estate / Thematic (Sector/Industry)

<h2>Singapore</h2><h3><a href="https://www.smartkarma.com/entities/yanlord-land-group-ltd" target="_blank" data-smartkarma-citation="entities:14152" rel="noopener">Yanlord Land (YLLG SP)</a> Jun21 contracted pre-sales fell 62% YoY, dragging 1H21 performance  </h3><ul><li>For Jun21, total contracted pre-sales from residential and commercial units, and car parks amounted to ~RMB4.179bn on contracted GFA of 149,557sqm, a decrease of 61.5% and 50.9% YoY, respectively, compared to Jun20. In addition for Jun21, the total contracted pre-sales of other property development projects under YLLG’s project management business was ~RMB0.335bn on contracted GFA of 10,509sqm</li><li>For 1H21, total contracted pre-sales from residential and commercial units, and car parks was ~RMB28.681bn on contracted GFA of 898,943 sqm, a decrease of 3.7% and an increase of 8.1% YoY, respectively. For 1H21, the total contracted pre-sales of other property development projects under YLLG’s project management business was ~RMB6.843bn on contracted GFA of 160,221sqm</li><li>A total of ~RMB2.891bn of subscription sales was recorded as at 30Jun21 and is expected to be subsequently turned into contracted pre-sales in the following months. The aggregate contracted pre-sales in Nanjing, Suzhou, Shanghai, Zhuhai and Tianjin of ~RMB19.086bn, accounted for ~66.5% of the total contracted pre-sales for 1H21.</li></ul>

SingaporeYanlord Land (YLLG SP) Jun21 contracted pre-sales fell 62% YoY, dragging 1H21 performance  For Jun21, total contracted pre-sales from residential and commercial units, and car parks amounted to ~RMB4.179bn on contracted GFA of 149,557sqm, a decrease of 61.5% and 50.9% YoY, respectively, compared to Jun20. In addition for Jun21, the total contracted pre-sales of other property development projects under YLLG’s project management business was ~RMB0.335bn on contracted GFA of 10,509sqmFor 1H21, total contracted pre-sales from residential and commercial units, and car parks was ~RMB28.681bn on contracted GFA of 898,943 sqm, a decrease of 3.7% and an increase of 8.1% YoY, respectively. For 1H21, the total contracted pre-sales of other property development projects under YLLG’s project management business was ~RMB6.843bn on contracted GFA of 160,221sqmA total of ~RMB2.891bn of subscription sales was recorded as at 30Jun21 and is expected to be subsequently turned into contracted pre-sales in the following months. The aggregate contracted pre-sales in Nanjing, Suzhou, Shanghai, Zhuhai and Tianjin of ~RMB19.086bn, accounted for ~66.5% of the total contracted pre-sales for 1H21.

ASEAN Builder's Scoop (7Jul21) - YLLG Jun21 Pre-Sales Fell 62% YoY