China State Construction Engineering Corporation (CSCEC), the biggest builder in China and the third largest in the world has joined the rush of Chinese companies buying US real estate, and is apparently buying a $68 million site in New Jersey.
Billionaire real estate developer Wang Jianlin dominated the headlines last week as he was named China’s richest man by Forbes, and announced his intention to invest US$5 billion per year outside of China for the next five years.
“Every year… Read More>>
Now that the Singapore and Hong Kong markets have been picked clean by Chinese investors, Asia’s new rich are moving into Australian homes, according to a recent report.
McGrath Estate Agents of Australia expects the price of housing in Sydney… Read More>>
Shanghai-based developer Greenland Group is apparently in talks to purchase a residential site in Melbourne, Australia which has the potential to yield as many as 2000 apartments for resale.
According to a report in the Australian, Greenland head Sherwood Luo… Read More>>
Shanghai Greenland Group, one of China’s largest real estate developers, announced on Friday that it is investing US$1 billion in a project in downtown Los Angeles, joining a growing trend of Chinese investors acquiring high profile properties in the US.
Much has been written about wealthy Chinese individuals establishing a foothold overseas for the purposes of lower taxes, diversifying investment portfolios or securing better education for their kids.
But what about going to the US to make sure that you’re… Read More>>
With Chinese purchases of overseas real estate putting upward pressure on many global real estate markets, it may be a matter of time before the US, Canada and Australia follow markets such as Hong Kong and Singapore in taxing purchases… Read More>>
This week’s acquisition of a major foreign real estate asset by a Chinese company is Ping An Insurance Group’s purchase of the Lloyd’s of London building in the UK for ₤260 million ($388 million).
According to a statement from London-based… Read More>>
The latest numbers on overseas purchases of US homes have just been published, and to no one’s surprise, there were more Chinese buyers in 2012 than in 2011. However, despite the many headlines about Chinese devouring US real estate, acquisitions… Read More>>
With two announcements of plans for billion dollar hotels during the month of June, China’s Dalian Wanda group is making clear that it intends to create its own global hotel brand.
The hotel investments include US$1.1 billion to develop a… Read More>>