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Developers happy to follow buyers abroad

Posted on 08 April 2013

Chinese property developers are increasingly expanding their businesses abroad following Chinese people’s desires to purchase properties overseas. Shanghai-based property developer Greenland Group is to invest A$480 million ($498 million) in an Australian property project, becoming the latest Chinese developer to explore an overseas market.
Greenland said it has reached a deal with Canadian company Brookfield Asset Management Inc to buy two buildings in downtown Sydney. It is the largest single investment made by Chinese developers in Australia………………………………………..Full Article: Source


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