Testament to our efforts, we were awarded 10
new provincial level awards for product and
engineering excellence, namely, Yanlord Yangtze
Riverbay Town (Phase 3) in Nanjing was awarded
the “Yangtze Cup”, Yanlord Riverbay (Phase
1) in Chengdu was awarded the “Tianfu Cup”
and Yanlord Riverside Gardens (Phase 2) in
Tianjin was awarded the “Haihe Cup”. Six new
awards for outstanding projects, namely Yanlord
Riverbay (Phase 2) in Chengdu, Yanlord Eastern
Gardens, Yanlord on the Park , Yanlord Sunland
Gardens (Phase 2) and Yanlord Western Gardens
in Shanghai, Tang Yue Bay Gardens in Suzhou,
as well as a special award for landscaping for
Yanlord Sunland Gardens (Phase 2) in Shanghai
by the respective city authorities.
LAND ACQUISITIONS
Land markets in the PRC continue to be volatile
in FY 2015. Capitalising on Yanlord’s position
as a leading real estate developer in the PRC, we
actively monitor the market for opportunities to
replenish and potentially expand our landbank
holdings. To mitigate against the rising cost of
land acquisition through the open tender process,
we have actively sought out alternative methods
such as acquiring or partnering with other
development companies with quality landbank to
satisfy our landbanking needs. We are hopeful that
some of these initiatives will bear fruit in FY 2016.
In September 2015, Yanlord successfully acquired
a 136,732 sqm GFA prime residential site in
Nantong (namely Four Seasons Gardens) for
RMB186 million. The site has an area of 62,151
sqm and a plot ratio of 2.2 times.
Subsequent to the end of the year, Yanlord announced
in January 2016 that it proposed to acquire 75% of
a development which has the development rights to
a 333,280 sqm GFA in Shenzhen Longgang District
for RMB1.585 billion. The site has an area of 68,157
sqm.
The Group maintains a healthy landbank in core
locations within high growth cities that will meet
our developmental needs for the next three to five
years. As at 31 December 2015, the Group has
approximately 4.07 million sqm of land reserves
located in the cities of Shanghai, Nanjing, Suzhou,
Zhuhai, Shenzhen, Chengdu, Tianjin, Nantong
and Sanya.
Sentiments towards the PRC real estate markets
remain sanguine for FY 2015. Strong population
influx into first and second tier cities owing
to the rapid urbanisation of China provides
a unique opportunity that Yanlord, with its
established brand presence and high-quality,
city centric landbank, can leverage on to further
grow its business. To better capitalise on the
market opportunities, we have put into motion
OPERATIONS REVIEW
39.6%
2.1%
GFA DELIVERY
590,170 SQM
ASP
RMB27,303
PER SQM
Tang Yue Bay
Gardens, Suzhou
蔼䊜啦䝝弩蔄㔩
YANLORD LAND GROUP LIMITED
ANNUAL REPORT 2015
28
