Property News · July 5, 2018

Shui On consortium wins prime Shanghai site for US$2 billion in government tender


A consortium led by Shui On Land has won a prime commercial plot in Shanghai in a government tender for 13.6 billion yuan (US$2.08 billion), a mere 0.1 per cent higher than the starting price.
The tender only drew two bidders at the final stage of the bidding because of the tough development requirements and the massive capital investment needed for the site, which was offered for 13.58 billion yuan.
The Hong Kong-listed developer’s partners in acquiring the lot on one of Shanghai’s…

Source : South China Morning Post
Read more…Shui On consortium wins prime Shanghai site for US billion in government tender

You may also like...