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)

Vietnam 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> Sep21 contracted pre-sales fell 47% YoY; 9M21 pre-sales fell 31% YoY</h3><p>In Sep21, total contracted pre-sales from residential and commercial units, and car parks amounted to ~RMB2.87bn on contracted GFA of 102,946sqm, a decrease of 47.1% and 35.3% YoY, respectively. For 9M21, total contracted pre-sales from residential and commercial units, and car parks was ~RMB36.77bn on contracted GFA of 1,184,291sqm, a decrease of 30.9% and 17.7% YoY, respectively. In addition, a total of ~RMB3.06bn of subscription sales was recorded as at 30Sep21 and is expected to be subsequently turned into contracted pre-sales in the following months</p><p>In Sep21, the total contracted pre-sales of other property development projects under the Group’s project management business was ~RMB348m on contracted GFA of 10,506sqm. For 9M21, the total contracted pre-sales of other property development projects under the Group’s project management business was ~RMB11.622bn on contracted GFA of 251,792sqm</p>

SingaporeYanlord Land (YLLG SP) Sep21 contracted pre-sales fell 47% YoY; 9M21 pre-sales fell 31% YoYIn Sep21, total contracted pre-sales from residential and commercial units, and car parks amounted to ~RMB2.87bn on contracted GFA of 102,946sqm, a decrease of 47.1% and 35.3% YoY, respectively. For 9M21, total contracted pre-sales from residential and commercial units, and car parks was ~RMB36.77bn on contracted GFA of 1,184,291sqm, a decrease of 30.9% and 17.7% YoY, respectively. In addition, a total of ~RMB3.06bn of subscription sales was recorded as at 30Sep21 and is expected to be subsequently turned into contracted pre-sales in the following monthsIn Sep21, the total contracted pre-sales of other property development projects under the Group’s project management business was ~RMB348m on contracted GFA of 10,506sqm. For 9M21, the total contracted pre-sales of other property development projects under the Group’s project management business was ~RMB11.622bn on contracted GFA of 251,792sqm

ASEAN Builder's Scoop (7Oct21)