People take selfies with the Pudong skyline as they stand on the Bund in Shanghai, China. Kerry Properties has acquired four plots in the city. Photo: AP
People take selfies with the Pudong skyline as they stand on the Bund in Shanghai, China. Kerry Properties has acquired four plots in the city. Photo: AP

Kerry Properties becomes latest Hong Kong developer to make huge land acquisition in China

  • Kerry Properties, controlled by Malaysian billionaire Robert Kuok, pays 13.3 billion yuan (US$2.1 billion) for four plots in Shanghai
  • Kerry joins Shui On Land, Hong Kong Land and Hong Kong Resorts International who have recently splashed billions on land purchases in top tier Chinese cities

People take selfies with the Pudong skyline as they stand on the Bund in Shanghai, China. Kerry Properties has acquired four plots in the city. Photo: AP
People take selfies with the Pudong skyline as they stand on the Bund in Shanghai, China. Kerry Properties has acquired four plots in the city. Photo: AP
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