Residential buildings at the Ruihong Xincheng project in Shanghai's Hong Kou district. Photo: SCMP Handout

Shui On sells prime Shanghai property projects to China Life for 4 billion yuan

The sale, which includes three malls, is expected to generate a gain of 1.2 billion yuan for the developer as it pursues an ‘asset-light’ strategy

Topic |   Shui On Land

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Residential buildings at the Ruihong Xincheng project in Shanghai's Hong Kou district. Photo: SCMP Handout
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