Ying Li International (5DM.SG), which has been on consistent decline since beginning August, down 7.1% month to date, fails to draw interest with latest land acquisition, says Dow Jones.

Stock -1.3% at $0.390. China-based developer has bought prime site in Chongqing city for RMB697 million ($139 million) to build office-cum-retail property, due by end-2013. Acquisition expected to be funded by new US$200 million ($271 million) credit line from Standard Chartered Bank China.

Despite aggressive growth plans, investor interest remains low as bottomline in coming quarters expected to remain weak until company’s mega IFC Chongqing project, comprising office and retail components, ready by 2011. Ying Li booked losses of RMB21.4 million in 2Q10, RMB13.5 million in 1Q10 on lower property sales, higher interest expenses. Orderbook quotes suggest shares likely to hold above this week’s $0.385 low.