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# Tycoon sells US$3.2 billion of China real estate
- URL: https://hospitality.pro/tycoon-sells-us3-2-billion-of-china-real-estate/
- Published: 2015-12-30T04:58:13.000Z
- Updated: 2015-12-30T04:58:13.000Z
- Author: Holedo
- Tags: Hospitality Industry News, China, News, Purchases and Sales, #wordpress, #Import 2026-04-16 12:15

China? Evergrande Real Estate Group Ltd has agreed to buy mainland property assets, including hotels, in cities including Shanghai and Beijing from the empire of Hong Kong tycoon Cheng Yu-tung for 20.4 billion yuan (US$3.2 billion).  
Evergrande will buy a 60 percent stake in a commercial and residential development in Sichuan province and a project comprising hotel, residential and office buildings in Guizhou province from New World China Land Ltd, which is controlled by Cheng, for 7.3 billion yuan.