Sinolink Worldwide: secure RMB300 mln from Sinolink Garden Phase II sale

Sinolink Worldwide Holdings (1168) CFO Yan Zhen Liang said that the company secured RMB112 mln from the sale of 110 apartments in the Shenzhen-based Sinolink Garden Phase II and the remaining 200 units are expected to be sold by the year-end and earn RMB200 mln. With a gross-profit ratio of 30%, the property was transacted at RMB9000 per square meter.

Turning to the Sinolink Garden Phase III in construction, he said that the project was scheduled for completion at the year-end when 1000 units will be on sale, adding that the company planned to increase land reservation in Shanghai, Beijing and Guangzhou.

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