SGX-listed Yanlord Land Group sold 181 of its 310 apartments at the launch of Yanlord Riverside Gardens in Tianjin, China.
The residential project is Yanlord Land’s second international community development in Tianjin, which has brought in 572 million yuan in pre-sales.
The real estate developer noted that although the government’s regulatory policies have affected the sector’s sales volumes and caused uncertainty in the market, it still exhibited a “positive response”.
Zhong Sheng Jian, Chairman and Chief Executive Officer of Yanlord, said, “This reflects the group’s brand equity as a leading high-end developer within China, and is a testament to the strong support and confidence that buyers place in our ability to deliver quality developments.”
To contact the journalist, you may send your message to editor@propertyguru.com.sg