A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
Business

New World Development to pay US$592 million for Shanghai site in first major deal by scion of Hong Kong property empire

  • New World Development wins bid for prime commercial site near Shanghai’s Xintiandi shopping district for 4.11 billion yuan (US$592 million)
  • Transaction is probably the largest deal since Shanghai started easing measures to combat Covid-19 outbreak, Vincorn says

Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 10:59pm, 12 Aug, 2020

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A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
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