Hong Kong real estate billionaire Vincent Lo is investing again in Shanghai, a city he has long championed. Lo, known as “Mr. Shanghai,” is famous for creating Xintiandi, a vibrant shopping and nightlife district that draws thousands of visitors daily.
Lo’s company, Shui On Land, announced that its subsidiary, Shanghai Zhaolou, will pay 664.3 million yuan ($95 million) for land use rights in Shanghai’s Minhang district. The project, called Zhaojia Lou, will preserve the history and culture of Pujiang Town.
Shui On Land will hold 60% of the project and fund the investment using internal resources. The project aims to create a new Shanghai landmark, strengthen Shui On’s leadership in urban renewal, and expand its influence in the city’s residential market.
China’s real estate market has struggled in recent years, causing setbacks for many developers. However, high-end new properties in Shanghai performed well in 2025, benefiting Shui On Land. Its Hong Kong-traded shares rose 11% over the past year.
Lo, 77, is worth $1.5 billion, according to the Forbes Real-Time Billionaires List. His daughter, Stephanie Lo, serves as vice chairman of Shui On Land and is expected to continue the family’s leadership in Shanghai’s property market.
This latest investment shows that Lo remains confident in Shanghai’s long-term growth and the potential of urban redevelopment projects.
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