Yanlord, Ho Bee to jointly develop Tianjin residential site

Yanlord Land Group and Ho Bee Land have entered an agreement to jointly develop a residential site in Tianjin, China, the real estate developers said on Monday.

The land parcel has a total site area of 53,200 square metres (sq m) and was acquired by Yanlord through public land auction for approximately 1.5 billion yuan (S$312.3 million). It is located in the prime residential area of Tianjin city, adjacent to the office of the Hongqiao District Government of Tianjin and the major commercial and office district.

Yanlord and Ho Bee will hold 51 and 49 per cent effective interest respectively in the project, which will transform the site into a high-end residential development with ancillary community retail space and educational facilities with total gross floor area of about 117,100 sq m.

The agreement continues a history of partnership between Yanlord and Ho Bee in the Bohai Rim real estate market as well as in Tangshan, Shanghai and Zhuhai since 2009.

Yanlord chairman and chief executive officer (CEO) Zhong Sheng Jian commented that the land acquisition and project bank on Yanlord' s track record for building quality residences in Tianjin, and reiterate the group' s commitment to and confidence in the real estate market there.

" Capitalising on our core competencies as well as the synergistic benefits from our partner Ho Bee, we believe that the site will complement our existing initiatives and further strengthen our presence within the Bohai Rim real estate market," Mr Zhong said.

Chua Thian Poh, chairman and CEO of Ho Bee, said the proposed joint project is in line with Ho Bee' s strategy to diversify overseas. He expressed confidence that it will be " another successful cooperation between Ho Bee and Yanlord" , building on Yanlord' s expertise and experience in developing and marketing premium residential projects in Tianjin.

No lah, not so soon. He and wife only around 76%.

It will take quite a while to go up to 90%.

And if really going private, may take much longer to accumulate. In the meantime I every year collect 6.8 cents dividend first. Think worthwhile hanging on.

PhillipTan ( Date: 07-May-2021 21:54) Posted:

Sometimes also cannot be too happy that BB ZSJ keeps buying like no tomorrow
Once his holdings crosses the 90% threshold then everyone can go Holland liao

SIDEWAYS WITH REDUCING VOLUME....SO FAR A GOOD SIGN.

Uptrend continues ...

Make $ in RMB.

RMB UP AGAINST USD AND SGD : )

Joelton ( Date: 06-May-2021 09:23) Posted:

Yanlord sees 57.6% higher total contracted pre-sales of RMB7.66 bil in April

Yanlord Land Group has posted contracted pre-sales of RMB7.663 billion ($1.58 billion) from residential and commercial units, as well as car parks, over contracted gross floor area (GFA) of 223,879 sqm in the month of April.

The contracted pre-sales figure, as well as GFA, represented y-o-y increases of 57.6% and 55.7% respectively.

For the four months ended April 30, the group reported total contracted pre-sales of RMB20.717 billion on contracted GFA of 622,084 sqm, an increase of 78.1% and 84.9% y-o-y, respectively.

A total of around RMB2.733 billion of subscription sales was recorded on April 30 and is expected to be turned into contracted pre-sales in the following months.

In April, the total contracted pre-sales of other property development projects under the group&rsquo s project management business bearing the &ldquo Yanlord&rdquo brand name was approximately RMB1.960 billion on contracted GFA of 44,764 sqm.

During the month, the cities of Nanjing, Suzhou, Shanghai, Nantong and Zhuhai were the top contributors to the group&rsquo s contracted pre-sales figures, contributing some 72.3% to the total contracted pre-sales figures for the four months ended April 30.

Just announced :

ZSJ bought 1.7 mil shares ard $1.30 .

Holdings more than 70%.

Anyway, ex div soon. 6.8 cts per share into pockets soon : )

Better than FD int rate : )

It would be AWESOME if can dual list in SSE or HKSE and make the shares fungible. Then the Singapore SGX discount will be gone!

Observers ( Date: 06-May-2021 13:05) Posted:

if delist then its a sad day for SGX. anyway, hope it can dual list in sse with transferrable shares. am sure shanghainese can fully appreciate this premium blue chip real estate developer.

SamWong ( Date: 06-May-2021 11:40) Posted:

Such a good stock with good results and attractive consistent dividends and grossly under valued in SGX.

Either ZSJ to delist from SGX or he will do restructuring . Remember Yanlord have UE.

if delist then its a sad day for SGX. anyway, hope it can dual list in sse with transferrable shares. am sure shanghainese can fully appreciate this premium blue chip real estate developer.

SamWong ( Date: 06-May-2021 11:40) Posted:

Such a good stock with good results and attractive consistent dividends and grossly under valued in SGX.

Either ZSJ to delist from SGX or he will do restructuring . Remember Yanlord have UE.

Joelton ( Date: 06-May-2021 09:23) Posted:

Yanlord sees 57.6% higher total contracted pre-sales of RMB7.66 bil in April

Yanlord Land Group has posted contracted pre-sales of RMB7.663 billion ($1.58 billion) from residential and commercial units, as well as car parks, over contracted gross floor area (GFA) of 223,879 sqm in the month of April.

The contracted pre-sales figure, as well as GFA, represented y-o-y increases of 57.6% and 55.7% respectively.

For the four months ended April 30, the group reported total contracted pre-sales of RMB20.717 billion on contracted GFA of 622,084 sqm, an increase of 78.1% and 84.9% y-o-y, respectively.

A total of around RMB2.733 billion of subscription sales was recorded on April 30 and is expected to be turned into contracted pre-sales in the following months.

In April, the total contracted pre-sales of other property development projects under the group&rsquo s project management business bearing the &ldquo Yanlord&rdquo brand name was approximately RMB1.960 billion on contracted GFA of 44,764 sqm.

During the month, the cities of Nanjing, Suzhou, Shanghai, Nantong and Zhuhai were the top contributors to the group&rsquo s contracted pre-sales figures, contributing some 72.3% to the total contracted pre-sales figures for the four months ended April 30.

Thanks.... However, always have a cut loss point when things turn not right. Just sharing.

lifeisgood ( Date: 06-May-2021 11:24) Posted:

Thanks for the heads up. So far your views very very zhun. Respect !

XiaoFeiXia ( Date: 06-May-2021 10:45) Posted:

PUT ON YOUR GEARS..... BREAKOUT HAPPENED & IN CRUISE MODE TOWARDS TARGET OF 1.65

What to do, Singapore stock investors all like not interested. Perhaps should bring some China and HK players to this stock. Then it will surely FLY!