Mainboard-listed Yanlord Land Group said 60 per cent of the first batch of 130 apartment units, launched in Shanghai Yanlord Riverside City Phase Three, were sold during the opening weekend earlier this month.
This translates to an initial sale of 77 units.
The average selling price per square metre rose 13% to about RMB 39,000, compared with the RMB 34,500sqm in Phase Two sold in January this year.
The total contracted pre-sales proceeds during the opening weekend of the launch amounted to approximately RMB 670 million. – CNA/vm
Source : Channel NewsAsia – 10 Jun 2008