Family of Asia's richest man Li Ka Shing sells $1.1 billion Beijing property

[nutbush]

looks like china really slowing down, all heir intervening policies are at work too, whether how much it can help, noone knows except lee, who is cashing out..

http://www.straitstimes.com/news/bu...i-ka-shing-sells-11-billion-beijing-property-



BEIJING (AFP) - A company controlled by the family of Asia's richest man Li Ka Shing has sold a landmark Beijing property for more than US$900 million (S$1.1 billion), it said, adding to speculation he is cashing out of Chinese property.

Pacific Century Premium Developments - a company chaired by Mr Richard Li, the tycoon's younger son - signed an agreement Tuesday to sell Pacific Century Place for US$928 million, the company said in a statement filed with the Hong Kong stock exchange.

The deal is nearly 30 per cent lower than the asking price reported last year for the well-located Beijing property, made up of two office towers, two serviced apartment blocks and a shopping mall, China's Dongfang Daily newspaper said Thursday.

The deal is the fourth Chinese property disposal by Mr Li's family since August, it said, adding that the sales have fetched a total of nearly 18 billion yuan (S$3.6 billion).

- See more at: http://www.straitstimes.com/news/bu...illion-beijing-property-#sthash.Y1aT7nN3.dpuf

 

[kezgtree]

looks like china really slowing down, all heir intervening policies are at work too, whether how much it can help, noone knows except lee, who is cashing out..

http://www.straitstimes.com/news/bu...i-ka-shing-sells-11-billion-beijing-property-



BEIJING (AFP) - A company controlled by the family of Asia's richest man Li Ka Shing has sold a landmark Beijing property for more than US$900 million (S$1.1 billion), it said, adding to speculation he is cashing out of Chinese property.

Pacific Century Premium Developments - a company chaired by Mr Richard Li, the tycoon's younger son - signed an agreement Tuesday to sell Pacific Century Place for US$928 million, the company said in a statement filed with the Hong Kong stock exchange.

The deal is nearly 30 per cent lower than the asking price reported last year for the well-located Beijing property, made up of two office towers, two serviced apartment blocks and a shopping mall, China's Dongfang Daily newspaper said Thursday.

The deal is the fourth Chinese property disposal by Mr Li's family since August, it said, adding that the sales have fetched a total of nearly 18 billion yuan (S$3.6 billion).

- See more at: http://www.straitstimes.com/news/bu...illion-beijing-property-#sthash.Y1aT7nN3.dpuf

Is there something that he know of in the China market that we don't...hmm

 

[cockie]

4 Chinese property disposal by Mr Li's family since August...... Selling off 30% below asking price... Something is definitely brewing inside China Market....

 

[sochi2014]

And Temasek is buying Tokyo property when it is at the highest!!!

or when property tycoon is selling!!!

legalized money laundering again?

 

[yellowarse]

4 Chinese property disposal by Mr Li's family since August...... Selling off 30% below asking price... Something is definitely brewing inside China Market....

LKS is the shrewdest investor in the world. If he's pullg out of China's property market, pay attention. A crash is imminent.

Only Whore Ching will go in where angels fear to tread. With our money.