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China property developers seek US growth

Posted on 08 May 2013

The two-acre site at 421 Kent Avenue in Williamsburg, Brooklyn, is nothing more than concrete rubble and rusted steel rods – remnants of a previous property project gone wrong.
But if Xinyuan Real Estate has its way, a gleaming 216-unit upmarket condominium building will soon take its place. This would make Xinyuan probably the first listed Chinese company to build a significant residential development in the US, according to Dan Fasulo, managing director at Real Capital Analytics………………………………………..Full Article: Source


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