OUTLOOK
FY 2015 was a year whereby the PRC real estate
sector displayed very diverse and localised market
sentiments. While 3
rd
and 4
th
tier cities continue to
be burdened by an inventory overhang, land and
property prices in the core cities rose steadily on a
healthy market recovery. Building on our strategy
to focus on core areas within high-growth cities, we
have benefited from the healthy market recovery
and continued our lead as the developer with one
of the highest ASP in the PRC real estate space.
While the Company’s high-quality developments
continue to enjoy significant brand equity in
the PRC, the ability to replenish our prime
landbank at fair cost will be imperative to our
future development. Building on our strategy to
focus on key high-growth cities, we continue to
play an active role in the primary redevelopment
market through our showcase Sino-Singapore
Nanjing Eco Hi-tech Island – a flagship economic
collaboration program developed under the
auspices of the Singapore Jiangsu Cooperation
Council, as well as our Haimen Yangtze Eco Hi-
techCity.We also endeavor to play an active role in
enhancing the cityscape of established cities such
as our redevelopment projects in the Shenzhen
Longgang District. Through these initiatives,
we have established a stable platform to further
facilitate our landbanking requirements.
Looking ahead, we remain positive on the outlook
of the PRC real estate sector. While uncertainties
in the global economies coupled with China’s
on-going economic reforms may lead to some
market volatilites, but continued traction in
China’s urbanisation drive coupled with the
wealth creation effect of the country’s expanding
middle class, will undoubtedly drive demand
for high-quality residential developments.
Capitalising on our track record and comparative
advantages in the development of quality projects,
sizable landbank in prime locations within high-
growth cities in PRC coupled with our healthy
financial position, we are well poised to tap on
the long-term growth prospects of the PRC real
estate sector to generate greater returns for our
stakeholders.
IN APPRECIATION
On behalf of the Board of Directors, I would like to
express our sincere gratitude to our shareholders
for their trust and support. In appreciation of
our loyal shareholders, the Board has proposed
the payment of a first and final dividend of 1.52
Singapore cents (equivalent to 6.90 Renminbi
cents) per ordinary share for FY 2015, amounting
to a dividend payout ratio of approximately
9.2% of FY 2015 profit attributable to owners of
the Company. Looking ahead, we will continue
to build on our proven business strategies and
endeavour to increase shareholder value through
better operational and financial performance.
ZHONG SHENG JIAN
Chairman and CEO
Yanlord
Riverbay, Chengdu
䧭鿪➋䛎忡屎弩
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