20 February 2019

K Wah unit grabs Shanghai plot for 568 mln yuan, paper says

A subsidiary of Hong Kong-based developer K Wah Group on Thursday acquired a residential plot in Shanghai for 568 million yuan (US$92.88 million), representing a premium of 63 percent over the base price, the National Business Daily reported Friday. The transaction price for the 5,665 square meter plot is 40,100 yuan per square meter, setting a new high for this year in the city, the report said. Once completed, the project could fetch as high as 100,000 yuan per square meter, unnamed analysts were quoted as saying.

– Contact HKEJ at [email protected]




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