Vanke, China's largest developer by revenue, will buy the stake from Singapore's Keppel Land Ltd.
Keppel Seghers, the final client for the construction work, is yet to comment on the action.
The project is expected to get off the ground in the second half this year, Keppel Land said.
Chang also likes Keppel Marine, a niche builder and repairer of mid-sized vessels.
Vanke and Keppel Land said they will co-develop property in China and Singapore.
The following day he came off at Keppel Gate and was ruled out of the meeting with a dislocated shoulder.
The 33-year-old won a TT double in 2008 but had to withdraw the following year after a crash at Keppel Gate.
The Gibb brothers were all born in the Isle of Man but later moved to Keppel Road in Chorlton before emigrating to Australia in 1958.
Singapore developers Ascendas, Keppel Land and GIC Real Estate are pumping money into both individual projects and the Indian real estate funds that have sprung up.
This year, says Sim, the group will rationalize holdings in Centurion Bank in India, Malaysia's Southern Bank, and Keppel Monte Bank and other financial services units in the Philippines.
In Singapore, which in September recorded only its first quarterly contraction in 13 years, government-linked conglomerate Keppel Corp. (No. 517) last week announced a much-needed cost-cutting and restructuring program, which will include the retrenchment of at least 300 employees by year's end, as well as wage cuts.
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