A residential area in Beijing’s Chaoyang district. The site acquired by Sunac China Holdings in the locale has a gross floor area of 668,500 square metres. Photo: AFP

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

  • Sunac China Holdings says acquisition will boost market share in ‘core locations’
  • CGS-CIMB Securities says ‘big move’ points to healthy balance sheets at top Chinese developers
Topic |   China property

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A residential area in Beijing’s Chaoyang district. The site acquired by Sunac China Holdings in the locale has a gross floor area of 668,500 square metres. Photo: AFP
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.