SINGAPORE (Aug 4): Yanlord Land says it has secured the rights to a prime redevelopment site in Yangpu District, Shanghai, China for a consideration of RMB10.52 billion ($2.12 billion).

The 183,187 sqm site is located near the financial capital of China – Lujiazui – and is within close proximity to the public metro.

Future residents of the project will benefit from a comprehensive and mature suite of business and lifestyle amenities such as Class-A ranking hospital, natural parks and shopping malls coupled with popular schools from the pre-school to pre-university levels.

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