08.04.2013 - Developers happy to follow buyers abroad
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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