Yanlord

Yanlord: Co has announced that it had sold 155 or 60.3% of the total of 257 units on the first day of a launch at Yanlord Sunland Gardens in Shanghai. At ASP of Rmb46.5k psm, co has obtained Rmb1.7b for the units sold. The Chinese developer is now trading at 0.7x current P/B at a deeper discount to CDL, Capitaland at 0.8x and KepLand at 1.1x.