Sep. 15, 2009 (China Knowledge) - Yanlord Riverside City, a high-end residential property project in Shanghai developed by Yanlord Land Group, realized RMB 4.34 billion in sales revenue in the first half of this year, claiming the top sales rank in China, sources reported.

Yanlord Land sold the first batch of apartments in Yanlord Riverside City, a designer project, in March. It sold the second batch in April and the third batch in May. As of yesterday, units in Phase One and Phase Two of the development are sold out.

In the period from January to June, Yanlord Riverside City's sales revenue accounted for 92% of Yanlord Land's sales in Shanghai and for 68% of the firm's sales in China.

Yanlord Riverside City, which is located in Pudong New Area, Shanghai, has a total floor area of 740,000 square meters and an overall green area ratio of 60%. A 140-hectare park is to the south of project, which also enjoys a 50-meter-wide boulevard, a 40-meter-wide stream and a 7,000-sq m recreation area along the river. 

Reportedly, in the first half, Yanlord Land pre-sold about 600 apartments in the Yanlord River Bay project, which is located in Nanjing, Jiangsu Province, for more than RMB 1 billion in total within three days of putting them up for sale.