Apartment sales in China net $539 million for Yanlord

China-based real estate developer Yanlord has accumulated about 2.607 billion yuan (S$539.3 million) from the launches of apartment units in Yanlord Yangtze Riverbay Town in Nanjing and Yanlord Sunland Gardens in Shanghai.

The company sold 89.7 per cent, or 305 of the 340 apartment units made available, within the first two days of the launch of its second batch of apartment units at Yanlord Yangtze Riverbay.

Separately, Yanlord also launched its first batch of apartment units at Yanlord Sunland Gardens on Sept 7, which sold 122 of 169 units - or 72.2 per cent - on opening day.