449 square meters 1.168 billion yuan! The son of Malaysia's richest man, Guo Henian, purchases a luxury home in Shanghai.

Recently, Kerry Properties Limited announced that the Chairman of the Board, Chief Executive Officer, and Executive Director, Guo Konghua, signed an agreement with Kerry's fully owned subsidiary Shanghai Wisdom Property Limited on October 31st to purchase a 449 square meter, four-bedroom property in the Jinglin Huating complex in the Huangpu District of Shanghai. The total transaction price is approximately 116.8 million yuan, with a unit price exceeding 260,000 yuan per square meter. The project is currently in the pre-sale phase, with all units, including the property, already being sold to the public. The property is still under construction. After the transaction is completed, Kerry Properties is expected to receive a profit of approximately 23 million yuan. This estimated profit is based on the transaction price, minus estimated land and development costs, direct sales costs, and other related expenses and taxes. The proceeds from the sale of the property will be used as the company's general operating funds. Public information shows that Guo Konghua, 46 years old, is the son of Malaysia's richest man, Guo Henian, and a graduate of Harvard University. He has been serving as the Chairman of the Board of Kerry Properties since 2022.