Hong Kong developer Kerry ‘confident in China’s prospects’ as it starts work on landmark Shanghai project
- Kerry Properties’ mega project is coming up on two land parcels the developer acquired for a combined US$3 billion
- The mixed-use project, with a total gross floor area of 663,000 sq m, will have homes, offices, shops and hotels

The Hong Kong developer said the project, comprising residential units, offices, shops and hotels, is its largest investment in China.
Located in the central Huangpu district, close to landmarks including The Bund, Yu Garden, East Nanjing Road pedestrian street and the People’s Square, the project will have a total gross floor area of 663,000 square metres.
Known as Kerry Jinling Lu Project, the complex is coming up on two land parcels Kerry acquired for a combined 22.1 billion yuan (US$3 billion). In January 2022, Kerry secured a site just a few blocks east of the People’s Square for 13.3 billion yuan before it won a bid for the new parcel for 8.78 billion yuan this June.

“We have great confidence in the future growth of the Chinese mainland market,” chairman and CEO Kuok Khoon Hua said in a statement on Wednesday. “We are fully committed to improving urban areas through our projects in the Chinese mainland.”