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Keppel unit buys 2nd Haidian property in China's 'Silicon Valley'

It's forking out 178m yuan for Beijing Shunxiangren, which indirectly owns Shangdi Neo

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Vivienne Tay

Vivienne Tay

Published Mon, Sep 2, 2019 · 09:50 PM

    Singapore

    KEPPEL Land China is buying another completed commercial property in Beijing's Haidian district through its acquisition of Beijing Shunxiangren Enterprise Management for around 178.6 million yuan (S$34.6 million).

    The property is Shangdi Neo, a five-storey development indirectly owned by Beijing Shunxiangren, Keppel Corp said on Monday in a regulatory announcement.

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