Shui On Land is planning to take on more urban redevelopment projects in Shanghai after winning two prime sites at state land auctions in the past three weeks, making the city its next source of earnings growth.The builder paid 1.86 billion yuan for a piece of 15,258 square metre site at HongShouFang in Putuo in a winning bid on November 1. That followed an earlier auction on October 31, when its 3.88 billion yuan offer for four parcels of land totalling 90,059 square metres in Xujing Town,…
Source : South China Morning Post
Read more…Shui On Land raises stake in Shanghai growth prospects after winning two prime sites in state auctions















