Yanlord

Yanlord: Acquires 150k sqm gfa prime residential site in Longgang, Shenzhen for RMB945.0m, avg of RMB6312.63 per sqm. It is situated near an industrial park, 20 min drive away from Shenzhen city centre. Plot ratio of up to 3.2 times and benefits from Shenzhen govt initiative to develop Longgang district into a secondary city centre. Co has another Shenzhen Ailian project which puts its total dev in Shenzhen at 600k sqm.