SINGAPORE (July 2): China-based developer Yanlord Land says all 357 apartment units of its Yanlord Gardens project in Nantong, Jiangsu, were sold on the first day of launch on Tuesday.
With an average selling price of approximately RMB28,570 psm ($5,633 psm), the China-based developer of luxury residences says total pre-sales amounted to RMB1.43 billion ($282 million).
Zhong Sheng Jian, Yanlord’s chairman and CEO, says, “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.”
Shares in Yanlord closed 2 cents lower at $1.31 today.
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