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Real Estate Briefing - Categorized | Developers, Emerging Trends more

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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