As Xin Jia Center just opened, Kerry and Huazhimen have snapped up another giant TOD commercial site in Shanghai! - 36Kr

A major TOD commercial site in Shanghai’s Pudong Xinyangsi area was sold to a Kerry Properties–Huazhimen Capital consortium for 2.70525 billion yuan.

The winning bid came after 155 rounds, with a floor price of about 18,000 yuan per square meter and an 80.44% premium.

The large, fully commercial plot drew intense competition, underscoring strong demand for core Shanghai business and TOD mixed-use development.

The deal is expected to shape the future commercial supply landscape in central Pudong.