Singapore Group Snaps Up Shanghai Twin Towers for $1.8 Billion

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By Coco Feng / Nov 13, 2018 05:32 PM / Business & Tech

Photo: VCG

A consortium formed by Singapore sovereign fund GIC and real estate giant CapitaLand Ltd. has bought Shanghai's tallest twin towers for 12.8 billion yuan ($1.8 billion), the most the company has ever spent on a property in China, it said Tuesday.

The 50-floor Star Harbor International Center project, which is still under construction, is located along the Huangpu River along the north Bund area.

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