Yanlord Land sells more than 90% of its Yangtze Riverbay Town (Phase 3) units

YANLORD Land Group has sold 336 of the 356 apartment units, or 94.3 per cent of stock, during the first two days of its launch of apartment units at Yanlord Yangtze Riverbay Town (Phase 3) in Nanjing.

An average selling price of about 27,223 yuan (S$5,671) per square metre was achieved for the 44,395 sqm gross floor area sold.

The total contracted pre-sales derived from the launch on June 29 for the first two days amounted to about 1.21 billion yuan.

Yanlord chairman and chief executive officer Zhong Sheng Jian said in a statement on July 4 that sustained demand for quality developments by discerning customers continue to drive its sales performance.