April 29 (Reuters) - Cedar Woods Properties Ltd CWP.AX :
* UPGRADED ITS FORECAST FY21 FULL YEAR NPAT TO APPROXIMATELY $32 MILLION
* QTRLY PRESALES CONTRACTS $426 MILLION, UP 17%
* ABOUT 10% OF PRESALES ARE EXPECTED TO SETTLE IN FY21 WITH BALANCE CONTRIBUTING TO EARNINGS IN FY22 AND FY23
* ANTICIPATES MARKET CONDITIONS MAY SOFTEN SLIGHTLY IN SHORT TERM AS GOVERNMENT STIMULUS MEASURES END
* ANTICIPATES INVESTOR SALES WILL INCREASE THROUGH REMAINDER OF 2021