Yanlord Land's apartment launch in China sold 510 units for $600m

It has a total saleable area of 154,254 sq m.

Yanlord Land sold over $600m (RMB2.99b) of units as 510 out of its 516 apartments in Taoyuan Gardens in Nanjing, China were bought at its inaugural launch, an announcement revealed.

Total residential gross floor area launched during the phase was approximately 68,960 sq m.

Situated in the traditional city centre of Gulou District, future residents of the 154,254 sq m Yanlord Taoyuan will have the view of the Yangtze River and have the connectivity via the city’s key thoroughfares and metro network.

“Strong upgrader demand and healthy inflows of populations into core first and second-tier cities continue to drive demand for high-quality residential developments,” Yanlord chairman and CEO Zhong Sheng Jian said.

The site is also near schools, shopping malls, hospitals, and libraries.

“Capitalising on the positive buyer sentiment, we will continue to launch new projects that will cater to the demand of our discerning customers,” Zhong added.