A Land Register search conducted by the paper found that investment holding company GCH had lodged a purchaser’s caveat last month on Singapore’s Big Hotel at a price of $203 million.
Yesterday, news about the initial public offering of Wanda real estate was released without any response from Wanda Group.
"We believe China"s tourism market will continue to grow rapidly in the next few years despite the gloomy global economic outlook," said Thomas Lam, head of Research at Knight Frank Greater China.
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