Greenland Holding eyes overseas property market
Updated: 2013-12-02 17:41
By Hu Yuanyuan (chinadaily.com.cn)
|
||||||||
Shanghai-based Greenland Holding Group Co plans to invest $10 billion overseas next year, showing its commitment to tap the global real estate market.
To date, Greenland's overseas investment has exceeded $10 billion. "The company will pour in the same amount of money next year," it said in an e-mailed statement on Monday.
The firm has just launched two projects in Sydney, with a total investment of 6 billion yuan ($978 million), the largest investment in Australia by a Chinese developer.
About 250 apartments have been snapped up since the project opened for sale last month, with the sales value exceeding 1.5 billion yuan.
"Chinese enterprises' overseas expansion will be accelerated, along with the country's robust economy and Chinese enterprises' global ambitions," Greenland's chairman Zhang Yuliang said.
Most Viewed
Editor's Picks
David Cameron's China visit |
Bitter pill |
Going for 100,000 |
The way of kindness |
Intl attention on reform agenda for China |
A second opportunity |
Today's Top News
China shares slide on move to restart IPOs
Economic rebound not likely: group
Cheap luxury, startup required
Drama Rhinoceros In Love staged in New York
Washington's panda named Bao Bao
Candid exchange key to Biden's visit
At least 4 dead in NYC commuter train derailment
China's new billionaires may have a lot to learn
US Weekly
Geared to go |
The place to be |