Yanlord's newly launched apartment in Nanjing 100% sold-out

It garnered $437m pre-sales.

Singapore Exchange listed Yanlord Land Group Limited (Yanlord), announced that it had achieved a 100% sellout on the first day of its latest apartment launch in Yanlord Yangtze Riverbay Town (Phase 4) in Nanjing.

Opening to stellar response from the market on 2nd November 2016, Yanlord sold all of the 214 apartment units launched during the first day of sales at an average price of approximately RMB45,000 (S$9,217) per square metre for the 47,387 sqm gross floor area (GFA) sold.

With a company requirement for buyers to commit to an 80% downpayment of total value on the date of purchase, the total contracted pre-sales derived from the launch amounted to approximately RMB2.132 billion (S$437m).