YANLORD GARNERS OVER RMB2.7 BILLION PRE-SALES IN ITS LATEST LAUNCHES IN SHENZHEN and NANTONG
Singapore/Hong Kong – Yanlord Land announced that it had achieved commendable sales in its latest launches of residential units in Shenzhen and Nantong in June.
Both Yanlord Four Seasons Gardens (仁恒四季園) in Shenzhen and Yanlord Gardens (仁恒花園) in Nantong were opened for their inaugural launches. For Yanlord Four Seasons Gardens, Yanlord sold 283 of the 323 apartment units at an average selling price of approximately RMB 51,000 per square metre (“sqm”) for the approximately 26,300 sqm gross floor area (“GFA”) sold. Total pre-sales derived from this launch amounted to approximately RMB1.34 billion.
For Nantong project, Yanlord sold all 357 apartment units available for sale within first day of the launch at an average selling price of approximately RMB28,570 per square metre (“sqm”) for 50,235 sqm gross floor area sold. Total pre-sales derived from this launch amounted to approximately RMB1.43 billion.
Commenting on the latest launches of the apartment units, Mr. Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “Strong upgrader demand and healthy inflows of populations into first tier and second tier cities in the PRC continue to drive demand for high-quality residential developments. Capitalising on the positive buyer sentiment, we will continue to launch new projects that will cater to the demand of our discerning customers. Yanlord’s competitive advantage remains in the delivery of high-quality developments that continually meet and exceed customers’ demands in first tier and second tier cities in the PRC. This advantage is clearly reflected in the stellar sell through witnessed in our recent project launches and will continue to lay the foundation for the Group’s sustainable development.”
About Yanlord Four Seasons Gardens (仁恒四季園) in Shenzhen
Ideally located in the downtown of Longgang District in Shenzhen City, the approximately 469,000 sqm GFA project stands at the southern portal to the district and benefits from excellent connectivity via key thoroughfares running through the city and is adjacent to stations of the city’s metro lines route 3 as well as route 14 and 16 which are currently under construction.
A rapidly developing district in land scarce Shenzhen, future residents of the project will benefit from the comprehensive suite of lifestyle amenities such as shopping malls and hospitals available to cater to their lifestyle needs.
About Yanlord Gardens (仁恒花園) in Nantong
Ideally surrounded by three natural parks, the site has a plot ratio of 1.8 and benefits from the Nantong government initiatives to develop the area into a key model for technology company development and innovation. Well connected via key thoroughfares passing through the district as well as neighbouring stations from the city’s metro line route 1, future residents of the project will enjoy a comprehensive suite of amenities such as hospitals, theatres as well as schools to cater to their lifestyle needs.