Property News · January 21, 2019

‘Recovering confidence’: China property developer buys two sites in Beijing, Shanghai for US$1.8 billion


Sunac China Holdings, one of the country’s biggest property developers, has bought two sites in Beijing and Shanghai worth 12.5 billion yuan (US$1.83 billion), it said on Monday.
Sunac Real Estate, a subsidiary, has acquired a 100 per cent stake in Oceanwide Construction Holdings, a property unit of Shenzhen-listed developer Oceanside Holdings that owns the land. The site in Beijing, with a gross floor area of 668,500 square metres, is located in Chaoyang district, home to most foreign…

Source : South China Morning Post
Read more…‘Recovering confidence’: China property developer buys two sites in Beijing, Shanghai for US.8 billion

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