<article>Yanlord has acquired a stake in a Suzhou firm that is developing a residential project, while Singapore is planning to develop a second CBD on the island.</article>

Yanlord has acquired a stake in a Suzhou firm that is developing a residential project, while Singapore is planning to develop a second CBD on the island.
<h3 style="text-align: justify;">Yanlord Land Group acquires stake in Suzhou firm</h3>
Singapore-listed real estate developer <a style="color: #000080;" href="http://dealstreetasia.com/tag/yanlord-land-group" target="_blank">Yanlord Land Group</a> is acquiring a 30 per cent stake in a project company which holds a residential site sized at 3.2 million sf prime residential site in Suzhou city’s Gusu district.
Acquired through a public land auction for RMB4 billion ($589 billion), it is situated within Suzhou’s city’s administrative district.
According to Yandlord, future residents will also benefit from a suite of lifestyle amenities such as shopping malls, hospitals, libraries and schools in the nearby districts.
The agreement was signed on Wednesday through Yanlord’s wholly-owned subsidiary Nanjing Renyuan Investment Co. with Shenzhen Lianxin Investment Management Co, a subsidiary of <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/ping-an/" target="_blank">Ping An</a>.
Zhong Sheng Jian, Yanlord’s CEO, said, “Demand for quality residential developments within the core areas of Suzhou city continue to outstrip supply on the back of favourable macro policies and buoyant market sentiments. This latest acquisition provides a unique opportunity for Yanlord to acquire a prime site within the core region of Suzhou city and will augment our existing initiatives within the Suzhou real estate market.”
<h3 style="text-align: justify;">Singapore to build second CBD in Jurong district</h3>
Singapore&#8217;s Urban Redevelopment Authority (URA), the city-states urban planning agency, has issued a call for a master plan to develop a second central business district (CBD) in the Jurong Lake District.
This development come as a <a style="color: #000080;" href="http://sbr.com.sg/commercial-property/in-focus/jurong-property-prices-climb-new-industrial-district-takes-shape" target="_blank">new industrial district is being built up in the same region</a>. According to the URA, the new CBD will be have its core developed around the Kuala Lumpur-Singapore High-Speed Rail (HSR) terminus, with the inclusion of commercial retail, entertainment and leisure options.
Natural and heritage assets of the district, such as the Jurong Lake and Jurong River, as well as the former Jurong Town Hall building and current Science Centre building, will also be incorporated into the development of the new CBD.
Desmond Sim, Head, CBRE Research, Singapore and South East Asia, noted that the proposed strategies behind the development of Jurong Lake District “is in line with the government’s push to bring jobs closer to home in the west and the wider sub region, including the Jurong Innovation District further northwest”.
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Yanlord Land has acquired a stake in a Suzhou firm while Singapore's property market will see cooling measures remain in place

SG Realty: Yanlord buys 30% in Suzhou firm; Plan for second CBD in Jurong

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SG Realty: Yanlord buys 30% in Suzhou firm; Plan for second CBD in Jurong

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