Yanlord Land Group announced on Nov 25, that it had achieved a 100% sellout at the inaugural launch of apartment units at Yanlord Arcadia (仁恒海上源) in Shanghai. The development is situated within the inner ring of Yangpu District (杨浦区) in Shanghai, Yanlord Arcadia benefits from excellent public transportation connectivity and the comprehensive and mature suite of lifestyle amenities available to cater to the residents’ needs. A total of 299 fullyfitted high-rise residential apartment units were released at the inaugural launch, with sizes of apartment units ranging from 80 to 271 square metres (“sqm”), from two-bedroom to fivebedroom. Opening to stellar response from the market, Yanlord sold out 100% of the first batch of launch within 5 hours during the day of launch, garnering over RMB5.075 billion worth of pre-sale transactions.
See: Yanlord generates pre-contracted sales of RMB36.8 bil for 9MFY2021, down 30.9% y-o-y
The Yangpu District, with a total area of around 60.61 square kilometres, is the largest administrative region within the Shanghai’s Puxi central business district. In “Shanghai 2035 Master Plan”, Yangpu District, being the century-old industrial base, has entered a new era of urban regeneration, and has been planned to be one of the core business and functional areas in Shanghai. In the past 2 years, Yangpu District has become a popular spot for tech firms, successfully ushering in a number of large innovative tech giants, demonstrating great regional development trend.
Yanlord Arcadia is situated within the inner ring road, in close proximity to Yangpu southern riverside. Its site lies 2 km from North Bund and 4 km from Lujiazui financial centre, and in close proximity to the adjacent metro stations of the No. 8 and No. 12 metro lines. The development occupies a site area of 69,400 sqm with gross floor area of 183,215 sqm, and will comprise 1,171 residential units in 16 towers.
Photo credit: Bloomberg
