Yuxinlong International Ltd.: YUXINLONG SECURES LUXURY HOUSING DEVELOPMENT

Yuxinlong International Ltd.: YUXINLONG SECURES LUXURY HOUSING DEVELOPMENT | Bild: © ad-hoc-news

DGAP-News: Yuxinlong International Ltd. / Key word(s): Strategic Company Decision/Miscellaneous Yuxinlong International Ltd.: YUXINLONG SECURES LUXURY HOUSING DEVELOPMENT

08.02.2012 / 16:30

YUXINLONG SECURES LUXURY HOUSING DEVELOPMENT

MISSISSAUGA, ON - 01/23/2012- Yuxinlong International Limited, ('YL0') (Börse Frankfurt YL0) is extremely pleased to announce that the Tang Hai National Property Resources Bureau has reached an understanding with YL0 regarding the future development of the Caofei Lake area. The properties consist of two islands; island one is 107.3 acres, and island two is 96.4 acres. The total buildable area on the two islands is roughly 130,000 square meters. YL0 will build 300 luxury homes units valued at approximately $600,000 per unit.

The lake is next to the world's largest golf course which is currently under development. Bohai Bay is linked to Caofei Lake by a series of canals to allow access for yachts and fishing boats. The area has been designated a marine life sanctuary by the central government and is considered as the backyard playground and resort area for the populace of Beijing. A high-speed railway will be completed by the summer of 2012. Beijing residents will then be able to experience the rejuvenating attractions of the area - all within a short 45-minute commuter ride.

'We are honored to participate in the development of the Caofei Lake region. The Tang Hai district has experienced tremendous growth over the past few years, and we anticipate the growth curve will far exceed expectations due to the migration of leading corporations and enterprises into the region. The high-speed railway will transform this area into an outstanding recreational region for the citizens of Beijing causing a huge rise in tourism, which can only enhance our ambitions for the area,' commented Mr. Wang Ying Chun, CEO of Yuxinlong International Limited.

About Yuxinlong International Limited

Yuxinlong International Limited (www.yuxinlongint.com) was founded in 2007 and is now the largest real estate developer in Tanghai County, China. Yuxinlong currently employs a workforce of 2000 which is managed by a 79 member management team. The company's projects are located in an area designated as China's next economic and development zone. One of Yuxinlong's major project in the area is the 'Tang Hai Bright Pearl Development', a project which encompasses eight residential buildings with over 161,000 square meters under construction.

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