Shui On Land (HKG:0272) launched the first phase of the Lakeville 6 residential project, facing Taipingqiao Lake in Shanghai Xintiandi community, Huangpu District, Shanghai. The project is scheduled for construction completion in the second half of 2026, a Thursday Hong Kong bourse filing said.

The first phase launch included 108 units with a total gross floor area of 57,000 square meters. All of the units have been subscribed raising sales of 12 billion yuan including contracted sales of 11.6 billion yuan.

The company recorded contracted property sales of 12.9 billion yuan for the third quarter of the year, including residential property sales of 12.7 billion yuan and commercial property sales of 127 million yuan, the filing said.

The contracted gross floor area for the period was 69,100 square meters while it also sold 287 units of car parking. The company saw an average price of 186,000 yuan per square meter for the contracted sales during the period.

For the nine months ended Sept. 30, the company contracted property sales amounted to 13.5 billion yuan, the gross floor area sold was 89,100 square meters, and the average selling price came in at 151,400 yuan per square foot. Carparks sold for the nine months were 663 units.

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