Yanlord sells all 514 units at Shanghai Poetic Villa launch

It acquired a total of $671,918 in pre-sales.

Yanlord Group Limited reported a 100% sellout in its inaugural launch of apartment units at Poetic Villa worth $671,918 (RMB 3.17b).

514 units made up the launch located in Shanghai, People’s Republic of China.

The total gross floor area is 46,726 square meters, with an average selling price of $14,376 (RMB 67,725) per square metre.

“We are heartened by the strong market support received by Poetic Villa in Shanghai which reflects the continued strong local upgrader demand in Shanghai. The recent two launches further underscore our continued confidence in the Shanghai real estate market and, capitalising on our track record and brand equity in quality residential development, we will seek to strategically deepen our footprint within the Yangtze River Delta,” said Zhong Sheng Jian, Chairman and CEO, Yanlord Land Group Limited.