Yanlord achieves 100% sellout of Yanlord Acardia units

It garnered $1.23b (RMB 5.08b) pre-sales.

Singapore Exchange-listed real estate developer, Yanlord Group Ltd., achieved a 100% sellout at the inaugural launch of Yanlord Arcadia in Shanghai, People’s Republic of China. 

Around $1.23b (RMB 5.08b) of pre-sale transactions were recorded and sold out within five hours of the launch.

Yanlord sold 299 fully-furnished high rise residential apartment units. These units range from 80 to 271 square meters, with two-bedroom to five-bedroom bedroom sizes being available. 

“We are heartened by the favourable market response received at our inaugural launch in Shanghai which reflects the strong local upgrader demand. The market has a strong preference for the high-quality residential property development of Yanlord. Yangpu District where Yanlord Arcadia is located, shows strong forward-looking planning and rich educational resources in the district, conveying optimistic market sentiment on future sales result.” said Zhong Sheng Jian, Chairman and CEO, Yanlord Group Limited. 

“Yanlord Arcadia’s development has been further uplifted in terms of overall project planning, product design, facilities and etc. based on previous solid product quality standard, therefore the project has been favoured by our existing and new customers. Going forward, Yanlord will continue to maintain its competitive advantage in product quality and bring in new products to the market,” added Zhong.