Greenland plans to expand its business in the US
Updated: 2015-06-24 15:17
By Hu Yuanyuan(chinadaily.com.cn)
|
|||||||||||
Greenland Holding Group, one of China's largest property developers, is planning to expand its business in the US by looking for new opportunities in San Francisco and Boston.
"We will concentrate on Los Angeles and New York, where we have had projects, and consider expanding to San Francisco and Boston if there are good prospects ," said Hu Gang, vice president of Greenland USA Holding.
Greenland just opened sales for its first project in New York. Called "Vanderbilt", the commercial complex is in Brooklyn and consists of apartments, offices, schools and a park.
Around half of the project will be sold to Chinese buyers, Hu said. The first sales will include 278 apartments ranging from 3.25 million yuan to 13 million yuan.
Greenland Group's sales totaled 240.8 billion yuan last year, making it the world's largest property developer in terms of sales. Its sales from overseas projects reached 15.3 billion yuan. So far, the company has done projects in nine countries outside China. Among its $20 billion yuan in overseas investment, $6 billion went to the US.
Related Stories
Property prices recover in May as demand rises 2015-06-19 07:36
Renren moves into property crowdfunding 2015-06-18 08:28
Mainland property expected to recover 2015-06-18 07:45
Ways to recover money and property illegal confiscated in accordance with law 2015-06-15 15:58
When consuming, customers have the right to require merchants to provide personal and property security 2015-06-12 10:51
Scope of mortgage on property 2015-06-11 15:59
Today's Top News
Chinese premier to attend China-EU leaders' meeting
Ministers unable to reach deal on Greece, but door is still open
Polish airline, hit by cyber attack, says all carriers are at risk
Paris 4th entering race for 2024 Olympics
EU launches naval operation against human smugglers
Why thousands of Chinese are migrating to Europe every year
European bank seeks to combine strength with AIIB
Alibaba sees potential in Russia
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|












