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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