SINGAPORE (Dec 27): Yanlord Land Group, the China-focused developer, is embarking on a prime integrated project on the Sino-Singapore Nanjing Eco Hi-Tech Island.

For the development, subsidiary Yanlord Land has acquired a 541,000 sqm GFA prime integrated development site on the island for RMB7.84 billion ($1.6 billion) or an average of RMB14,486 per sqm in a public auction.

Situated within the Nanjing Eco-Island – a flagship economic collaboration programme developed under the auspices of the Singapore Jiangsu Cooperation Council – the site rests along the island’s riverfront offering an view of the Yangtze River and is in close proximity to the Youth Olympic commercial district and the group’s existing development Oasis New Island Gardens.

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