Property News · March 7, 2017

Shui On to sell assets to pare debt, explore new revenue sources


Shui On Land Ltd, the pioneer developer of China’s heritage landmarks, said it will continue to sell commercial assets and explore new revenue sources like its property management service to pay down debt.
The developer of the Shanghai Xintiandi, which is already replicating the heritage enclaves in Wuhan and Chongqing, has also begun to focus on its start-up ecosystem concept called the Knowledge & Innovation Community (KIC). It aims to build as many as 10 such communities in China…

Source : South China Morning Post
Read more…Shui On to sell assets to pare debt, explore new revenue sources

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