Yanlord pauses construction on Shanghai projects; property management staff on frontline

ALTHOUGH the lockdown in Shanghai is expected to affect the operations of Yanlord Land Group in the short term, the Singapore-listed, Chinese property developer intends to speed things up when the restrictions ease, it said in response to The Business Times' (BT) queries.

Shanghai's local government on Sunday (Mar 27) announced a 2-stage lockdown over a 9-day period to conduct a mass testing blitz, after Covid-19 cases spiked in the financial hub.

A Yanlord spokesperson said: "We believe the lockdown will affect the overall daily lives of the citizens in Shanghai and so as to our operations."