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.

<ul><li><a href="https://www.theedgesingapore.com/news/property/yanlord-rakes-265-mil-pre-sales-shenzhen-property-launch" target="_blank">Yanlord rakes in $265 mil in pre-sales from Shenzhen property launch</a></li><li><a data-jsx="2507428981" href="https://www.edgeprop.sg/property-news/how-resilient-demand-high-end-condos" target="_blank">How resilient is the demand for high-end condos?</a></li><li><a data-jsx="2507428981" href="https://www.edgeprop.sg/property-news/singapore%E2%80%99s-housing-market-2020-what-will-leap-year-bring" target="_blank">[UPDATED] Singapore’s housing market in 2020: What will the leap year bring?</a></li></ul>

Yanlord says all units of Yanlord Gardens sold out on first day; pre-sales of $282 mil achieved

Data is the new oil but is it as dirty?

'Transition credits' could sweeten deal for early retirement of coal-fired power plants: MAS, McKinsey paper

DPM Lawrence Wong appointed as GIC’s deputy chairman

Will the Rising Sun keep rising?

Fed signals higher-for-longer rates with hikes almost finished

A mild retreat by risk-free rates won’t help equities to rally 

RHB pegs ISOTeam’s TP at 5 cents after rights issuance

China discovers adventure tourism

Safeguarding crypto investments through interoperability

Tech news in less than 5 minutes – October 2023

Double clicking on getting the most out of generative AI with Google Cloud

Three Arrows Capital's Zhu arrested while trying to leave via Changi Airport

Enterprise Singapore developing new local, international sustainability standards and accreditation schemes

Newly rebranded GROW with Singlife focuses on dialling up the 'human touch' for advisers and investors

For the globetrotter, the World Is Yours Dual Timezone by Jacob & Co is an absolute essential

The Powder Shampoo’s Lynn Tan reflects on a year of eco-conscious success and challenges

A massage and a meal

Should you consider diversifying beyond public markets? 

The Fed has rained on the parade, but investing locally retains its positives

Where are the Chinese when you need them?

Keppel Corp seeks name change to 'Keppel' to reflect new structure

Mapletree’s group of REITs are a ‘great place to be in’, says DBS

Why it’s worth taking a closer look at Keppel REIT’s portfolio

Boustead Singapore is 'big, bold and beautiful', says OCBC

Foodpanda deal could be ‘value-accretive’ for Grab, says HSBC

Yanlord says all units of Yanlord Gardens sold out on first day; pre-sales of $282 mil achieved

Related News

Highlights

Data is the new oil but is it as dirty?

Related News

Yanlord announces over 75% y-o-y increase in precontracted sales in August

Yanlord Land ‘red hot’, set to outperform sales target with strong summer sales: KGI

Market chatter suggests Yanlord is poised to make a general offer for United Engineers