Yanlord Acquires 41,800 sqm GFA Prime Residential Site in Zhuhai for RMB 836 million
(30 June 2017) Yanlord Land Group Limited announced today that it has through its newly incorporated, wholly-owned subsidiary, Zhuhai Yanlord Heyuan Land Co., Ltd. acquired an approximately 41,800 sqm GFA prime residential site in Tang Jia Wan District, Zhuhai for RMB836 million.
Ideally situated within the Tang Jia Wan district, the site is situated near Zhuhai’s picturesque seafront and benefits from excellent connectivity via the city’s key thoroughfares. With an average plot ratio of up to 3.0 times, the site capitalizes on government initiatives to inject over RMB300 billion to develop Zhuhai into a western hub for the Pearl River Delta. Key infrastructure projects such as the Hong Kong-Macau-Zhuhai bridge, the Hengqin New District, the Guangzhou-Zhuhai railway and the Aeronautical Industrial Park are some of the key projects brought forth under government initiatives to further strengthen the economic collaboration between Hong Kong, Macau and Zhuhai.
Surrounded by a comprehensive suite of amenities such as golf courses, a university district with branches of key education institutions such as Sun Yat-sen University University and Beijing Normal University, and idyllic natural parks, coupled with its close proximity to the high-speed railway station linking Beijing and Zhuhai, this site is expected to be a choice location for discerning entrepreneurs and business professionals from Hong Kong, Macau and the Greater Pearl River Delta region.
Commenting on this latest acquisition, Mr. Zhong Sheng Jian, Yanlord’s Chairman and Chief Executive Officer, said, “This latest acquisition is our second acquisition in the Tang Jia Wan district and builds on our track record for delivering high quality residential communities. Ideally situated in a prime location coupled with a healthy upgrader demand, this site is expected to contribute positively to our future growth. Moving forward, we will continue to identify and explore additional opportunities in accordance with our financial ability to further augment our business development.”