Yintai Land and Sunac entered into a strategic partnership agreement on December 9. The two parties will collaborate in core cities in Zhejiang, Anhui and Fujian, and harness their strengths in real estate to carry out all-round, multi-sector and in-depth crossover collaboration on the basis of comprehensive strategic collaboration between the two groups.

A leading player in China’s high-end commercial real estate market, Yintai Land’s real estate brands, “Yintai Centre”, “Intime City” and “Top-class hotels and apartments” have a presence in more than 70 cities nationwide including Beijing, Shanghai, Hangzhou and Chengdu. To date, projects completed and under construction number approximately 100, with total development and operating GFA at close to 20 million square meters. Sunac has a strategic presence in 23 cities in the three provinces of Zhejiang, Fujian and Anhui, and serve more than 130,000 households. It is the dominant local real estate player in cities such as Hangzhou, Hefei, Ningbo, Shaoxing and Yiwu.

The two parties have their own strong and unique resources and advantages in real estate and other related sectors, and are committed to providing more comfortable products, higher quality services and more valuable lifestyle to people in the future. It is for the purpose of promoting in-depth collaboration in real estate development and other relevant sectors, and to achieve significant growth that the two parties reached a consensus to form a strategic partnership.

The two parties will leverage their professional advantages to the full in their partnership, and enhance cooperation and exchange in terms of technology, management and brand advantages in the business arena, making up for what the other lacks and supporting each other so that mutual growth can be achieved.