Yanlord pops the champagne on $536m September pre-sales

Thanks to two project launches.

According to OSK, Yanlord Land Group has announced that they have sold CNY2.607b (SGD536m) worth of apartment units in the first two weeks of this month from the launches of Phase 3 of the Yanlord Yangtze Riverbay Town in Nanjing and Phase 2 of the Yanlord Sunland Gardens in Shanghai.

Here's more:

In the Nanjing development, 305 out of the 340 units launched were sold at an average price of about CNY27,765 per square metre (psm).

The total contracted pre-sales derived from the launch for the first two days amounted to CNY1.598b. This builds on the strong response to the project's inaugural launch in June, with CNY1.209b in pre-sales accumulated in the opening weekend.

In Phase 2 of Yanlord Sunland Gardens, 122 out of the 169 units launched were snapped up on the opening day. Pre-sales of CNY1.009b was racked up within the week; the average selling price was CNY421,170 psm.