Property News · June 26, 2017

Soho China sells Shanghai project to Singapore’s Keppel Group for US$522m


Soho China, the biggest commercial developer in the Chinese capital, said on Monday it has sold a Shanghai office-commercial project for 3.57 billion yuan (US$522 million), three months after an attempt to sell the same property failed because of Beijing’s tighter capital controls.
Hongkou Soho was sold to Keppel Land China, Alpha Investment Partners and a third unnamed co-investor, with a price equivalent to 51,000 yuan per square metre, or 53 per cent higher than its cost, according to…

Source : South China Morning Post
Read more…Soho China sells Shanghai project to Singapore’s Keppel Group for US2m