Shanghai property developer Yanlord lodges prospectus to list in Singapore Exchange

Yanlord Land, a property developer incorporated in Singapore has lodged preliminary prospectus seeking to list its shares in Singapore Exchange. Yanlord Land primarily develops residential complexes in major cities in China like Shanghai, Nanjing and Chengdu. The company will be the second property developer after Sunshine Holdings to list in Singapore. However, unlike Sunshine Holdings, this company is a must buy as I have a great interest in its business model which targets the high-end residential market. The company has developed a total of 15 residential complexes in Shanghai, Nanjing and Guiyang and 2 commercial complexes in Guiyang and Chengdu. Total GFA completed so far amounts to about 2.8 million sq. metre. The company reported a net profit of S$185.3 million in 2005 compared to S$79.6 million in 2004. In addition, the company's future development looks set to include more commercial buildings and retail malls which could bring in fixed returns for the company.

Due to its land bank being primarily in high end residential areas of Pudong in Shanghai and with the company's expertise in building gardens for large scale residential complexes, it's developments have the ability to call for higher prices. Some of its prominent developments include Yanlord Gardens in Shanghai which will be adjacent to the World Financial Centre (to be the tallest building in China and Asia when completed). One of its landbanks include a plot of land near the Macau and China customs and the future HK-Zhuhai-Macau crossing.