China: Gemdale is new ‘land king’ with 8.8 billion yuan purchase of Shanghai plot
Gemdale Group on Wednesday morning beat out more than 20 bidders to snap up a plot of land near Shanghai’s Pudong International airport for 8.8 billion yuan (HK$ 10.2 billion), the most expensive site sold in Shanghai this year. Read more on: www.scmp.com
Source : China: Gemdale is new ‘land king’ with 8.8 billion yuan purchase of Shanghai plot