New World Development and Chow Tai Fook tycoon Cheng Yu Yung, who died in September, edges out Li Ka-shing as property billionaires dominate our top 10.
Beijing-based commercial property developer Soho China makes its first investment in Shanghai, buying a 52-storey office building from MSREF for Rmb2.45 billion.
Soho China will take advantage of an increasing supply of distressed commercial properties at cheap prices to build its project portfolio, CEO Zhang Xin says in an interview.
The CEO of the Hong Kong-listed commercial property developer talks to FinanceAsia about a shift in strategy, opportunities in the distressed market and about staying disciplined.