YANLORD SELLS OVER RMB2.986 BILLION WORTH OF APARTMENTS AT INAUGURAL LAUNCH OF YANLORD TAOYUAN GARDENS IN NANJING
(Singapore/Hong Kong – 28 August 2018) –Yanlord Land Group announced that it had sold over RMB2.986 billion worth of apartment units at the inaugural launch of Yanlord Taoyuan Gardens (桃园世纪华庭) in Nanjing.
Opening to stellar response from the market on 26 August 2018, Yanlord sold over 99% or 510 of the 516 apartment units launched during the first day of sales garnering over RMB2.986 billion worth of pre-sales transactions. Total residential gross floor area launched during this phase was approximately 68,960 square metres.
Ideally situated within Nanjing’s traditional city centre, the Gulou District (鼓楼区), Yanlord Taoyuan Gardens enjoys picturesque views of the Yangtze River and benefits from excellent connectivity via the city’s key thoroughfares and metro network. Future residents of the project will also benefit from the comprehensive and mature suite of lifestyle amenities such as schools, shopping malls, hospitals and libraries available to cater to their lifestyle needs. Yanlord Taoyuan Gardens has a total saleable area of approximately 154,254 sqm and will feature high quality, fully-fitted apartments that target discerning buyers.
Commenting on this latest project launch, Mr. Zhong Sheng Jian, Yanlord Chairman and Chief Executive Officer, said, “Strong upgrader demand and healthy inflows of populations into core first and second tier cities continue to drive demand for high-quality residential developments. 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 customer demands. This advantage is clearly reflected in the stellar sell through witnessed in our recent project launches and will continue to lay the foundation for the Group’s sustained development.”