YANLORD SELLS OUT 483 APARTMENT UNITS IN SUZHOU GARNERING OVER RMB1.887 BILLION PRE-SALES
Singapore/Hong Kong – 1 August 2019 –Yanlord Land Group Limitedannounced today on favourable market responses received for its latest batch launch of New Tang’s Mansion and the inaugural launch of Four Seasons Heming Gardens in the scenic city, Suzhou.
On 30 July 2019, Yanlord sold 253 apartment units at the latest batch launch of apartment units at New Tang’s Mansion in Suzhou at an average selling price (“ASP”) of approximately RMB32,410 per square metre (“sqm”), garnering over RMB1.031 billion pre-sales. Opening to stellar response from the market on 31 July 2019, Yanlord sold over 92% or 230 of the 249 apartment units launched at Four Seasons Heming Gardens in Suzhou at an ASP of approximately RMB27,956 per sqm, achieving pre-sales of approximately RMB856 million. The total pre-sales derived from these two launches amounted to over RMB1.887 billion.
Commenting on the launch of the apartment units, Mr. Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “We are heartened by the favourable market response received at our latest projects’ launches and these two launches bear testament to the strong support and confidence that Suzhou residents place in the Group’s ability to deliver quality developments. Capitalising on the strong sales momentum, we have slated additional projects and batches of existing projects in Suzhou for launching over the next two quarters which we believe will contribute positively to the sustainable development of the Group.”
About Four Seasons Heming Gardens (四季和鸣雅园) in Suzhou
Ideally situated within Suzhou city’s Xiangcheng district (相城区), one of the city’s five urban districts, the site has a plot ratio of up to 2.2 times and a total gross floor area (“GFA”) of approximately 191,000 sqm. Ideally situated in the core region of the North Huoli Island (活力岛北), the site is well connected via key thoroughfares passing through the district as well as the city’s no. 4 metro line. Future residents of the project will be able to enjoy a comprehensive suite of lifestyle amenities surrounding the site such as shopping malls, hospitals, dedicated schools and eldercare facilities that will cater to the needs for multi-generation living.
About New Tang’s Mansion (浅棠平江) in Suzhou
Ideally situated within Suzhou’s city administrative district, the Gusu district (姑苏区), the site has a plot ratio of up to 2.5 times and a total GFA of approximately 147,000 sqm. Benefiting from its close proximity to the Huqiu Wetland Park (虎丘湿地公园), a key tourist destination and endearingly known as Suzhou city’s Green Lung, the site is well connected via key thoroughfares passing through the district as well as the city’s no. 2, no. 4 metro lines and its no. 6 metro line which is under planning. Future residents of the project will be able to enjoy the comprehensive and mature suit of lifestyle amenities surrounding the site such as shopping malls, hospitals, libraries and schools that will cater to their lifestyle need.