Sincere Group, the China-based joint venture of City Developments, has announced stronger sales and higher average prices for a Chengdu residential project.

According to CDL, TianFengHe Mansion’s phase three launch, which started on Nov 10, generated sales of RMB 150 million. Of the 762 total units in the project, 540 units have been launched, of which 430 units, or close to 80% were sold by Nov 25.

Based on the latest confirmed sales, units sold in November were at an average of RMB13,700 psm, or 8.7% higher than RMB12,599 per sqm for units sold in March 2020, in the midst of the Covid-19 pandemic and when buyer sentiment was at its lowest.

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