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

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
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: HandoutA picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
A picture of the newly renovated Xintiandi Plaza in Shanghai. Photo: Handout
READ FULL ARTICLE