The winning bid set a new record for Shanghai’s commercial and office land on a square metre basis. Photo: Bloomberg

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

  • The victory marks a high-profile end to a winning streak for offshore investors, who have repeatedly outbid their mainland rivals in the last year
  • Group led by China Resources Land bids US$854 million, or 65,200 yuan per square metre, a new record for Shanghai’s commercial land
Topic |   China property

TOP PICKS

The winning bid set a new record for Shanghai’s commercial and office land on a square metre basis. Photo: Bloomberg
READ FULL ARTICLE