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These are movements in business indicators for condominiums.
We are planning on selling 2,082 units in the fiscal year ending March 31, 2022, with sales at 133.6 billion yen.
The sales situation for condominiums is continuing to trend steadily. Guaranteed agreements as a percentage of sales for the fiscal year ending March 31, 2022 rose to 101% as of the end of the third quarter, with completed inventory of 827 units at the beginning of the fiscal year. This figure decreased to 529 units as of December 31, indicating that sales are progressing smoothly.
Our gross margin on condominiums up to the third quarter came to 19% due to the low percentage of newly booked properties. We plan on raising this figure to 21% for the full fiscal year ending March 31, 2022.
Regarding investment, from the beginning of the fiscal year, progress has been made in 24.3 billion yen in land acquisition, or 1,824 units in terms of number of units, with approx. 9,600 units in land back scheduled to be posted in the fiscal year ending March 31, 2023 and beyond. The percentage of redevelopment properties in land back is approx. 53%. Going forward, we will continue to engage in investment while placing emphasis on redevelopment properties with high value-added.
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