Mingtiandi

Asia Pacific real estate investment news and information

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Remember Me

Lost your password?

Register Now

Loading...
  • Capital Markets
  • Events
    • Mingtiandi 2025 Event Calendar
    • Mingtiandi APAC Residential Forum 2025
    • Mingtiandi Singapore Forum 2025
    • Mingtiandi APAC Logistics Forum 2025
    • Mingtiandi APAC Data Centre Forum 2025
    • Mingtiandi Tokyo Forum 2025
    • More Events
  • MTD TV
    • Residential
    • Logistics
    • Data Centre
    • Office
    • Singapore
    • Tokyo
    • Hong Kong
    • All Videos
    • Post-Event Stories
  • People
    • Industry Moves
    • MTD TV Speakers
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Hongkong Land, Shui On Said Vying For RMB 13.6B Site Near Shanghai’s Xintiandi

2018/05/31 by Shawna Kwan Leave a Comment

Vincent Lo Shui On

Vincent Lo’s Shui On is hoping to get the plot near Huaihai Road

One of the highest profile early entrants to the Shanghai property market is facing off against the biggest landlord in Hong Kong’s Central district in the final bidding for a prime commercial site in Shanghai’s Huangpu district expected to sell for no less than RMB 13.58 billion ($2.1 billion).

A statement from the official Shanghai Land Market website shows that two companies have reached the final round in the bidding for a 78,256 square metre (842,340 square foot) prime commercial site near Huaihai Lu that is more than twice the size of Xintiandi.

While the statement did not yet disclose the names of the bidders for the site, the finalists are said to be Hongkong Land and Shui On Land, according to the South China Morning Post. The final results of the tender are due to be decided on July 5th.

$2.1 Billion Site Reserved for Fortune 500 Enterprises

Huangpu District Huaihai Zhong Road Land parcels 123, 124 and 132 are located just west of the South Xizang Road thoroughfare and to the east of Ji’an Road in the core urban district. The site, which is bordered to the north by Taicang Lu and Shouning Lu, and has Zizhong Lu to its south, is about three blocks to the east of Xintiandi and roughly the same distance from the Huaihai Lu shopping strip as the iconic entertainment zone.

Allocated for commercial use, the prize plots are approved for construction of up to 242,689 square metres of above ground gross floor area. According to local media reports, the required minimum bid for the site is RMB 13.58 billion, putting the land cost for the final project at no less than RMB 55,596 per square metre.

Ben Keswick Hongkong Land

Or will Ben Keswick’s Hongkong Land win instead?

Under the tender requirements, developers hoping to be selected for the project should be among the world’s 500 largest companies and should have experience in developing similar projects. The site is just a five-minute walk from Shanghai’s prestigious shopping area Huaihai Road and People’s Square is within ten-minute walk.

Shui On confirmed to the South China Morning Post that it was one of the shortlisted developers and added that it “hopes it can secure the plot”. The media account also identified the other finalist as Hongkong Land, citing a source in the commercial property sector.

Hongkong Land had not replied to enquiries from Mingtiandi by the time of publication.

Shui On’s engagement in the land tender does not come as a surprise as the site lies just to the east of the developer’s 160-hectare Taipingqiao master plan for the area around Xintiandi and Taipingqiao park.

Hongkong Land Ramps Up China Portfolio

Hongkong Land, the biggest landlord in Hong Kong’s Central, has recently been ramping up its involvement in the mainland market. In November last year the company opened its first retail project in China’s capital, the $1.1 billion WF Central shopping mall in Beijing.

Then in January, Hongkong Land won a tender to develop a plot of commercial land in Nanjing, the capital of eastern China’s Jiangsu province, for RMB 4.8 billion ($745 million).

The blue-chip builder is also working on a commercial project comprising a grade A office building, shopping mall, upscale residences and business hotels in Shanghai’s Qiantan area.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Projects Tagged With: daily-sp, Featured, Hongkong Land, Huaihai Lu, Huangpu District, Shanghai, Shui On Land, site tender, Vincent Lo

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

  • This field is for validation purposes and should be left unchanged.

MTD TV

ESR, CapitaLand, Nuveen, JLL See Rising Data Centre Demand in Japan, Korea: MTD TV
Fraxtor's Samuel Lee
Savills, Fraxtor, ESR, SGX See Singapore Overcoming Trade War, Pricing Challenges: MTD TV

More MTD TV Videos>>

People in the News

Asia Real Estate People in the News 2025-08-18
Hao Zhan_Head of Asia_Private Wealth Solutions_Hines
Asia Real Estate People in the News 2025-08-11
Karim ghannam HSBC AM
HSBC AM Names Karim Ghannam Global Head of Real Assets
Robert Ng Sino Group
Sino Group’s Robert Ng Steps Down as Son Takes Over Chairman Roles

More Industry Professionals>>

Latest Stories

Smith Collective
Local Residential Clinches Management Rights for ADIC’s Gold Coast BTR Complex
Shuhei Yamashita
CRE Logistics REIT Selling 40% Stake in Greater Tokyo Shed to SMFL Mirai for $51M
KKR Japan CEO Hiro Hirano
KKR Said to Bid $610M for Nissan Tokyo HQ and More Asia Real Estate Headlines

Sponsored Features

Bernie Devine,
From Tools to Traction: Where Real Estate Tech is Heading in 2026
Fiona Ngan, Colliers Hong Kong
In a Market of Caution, Tenants Have The Upper Hand in Hong Kong’s Office Sector
How to Create a Win-Win for Investors and Occupiers

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • Mingtiandi 2025 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Memberships
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2025 China Advertising Media Ltd (Samoa). All rights reserved.

We use cookies in accordance with our Privacy policy to provide the best user experience on Mingtiandi and to safeguard user data. By continuing to browse you consent to the policy.