1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Vanke teams up with Keppel

      2013-04-18 09:37 Global Times     Web Editor: qindexing comment

      China Vanke Co, the country's largest property developer by market value, has teamed up with a Singaporean company to invest in a condominium project in the island country.

      Experts noted Wednesday that growing demand from Chinese investors is the major reason behind developers' frequent overseas projects.

      The deal, worth S$135.5 million ($108.77 million), will allow China Vanke to have a 30 percent stake in the 726-unit condominium project in the Tanah Merah district on Singapore's eastern coast, according to a stock exchange statement Tuesday by Singapore-based Keppel Land, which owns the rest of the stake.

      "China Vanke is going after Chinese demand by investing in its recent overseas projects," Liu Yuan, senior research manager with Shanghai-based Centaline China Property Research, told the Global Times.

      Chinese investors have shown increasing interest in overseas properties, as domestic housing policies have curbed certain types of purchases. Some are buying for investment, while others seek immigration opportunities.

      The spring real estate fair in Beijing last week featured over 200 overseas projects from around 10 countries, the highest number since 2008.

      China Vanke has recently made several moves to enhance its overseas presence. In February, the company reached an agreement with US developer Tishman Speyer to jointly develop a condominium project in San Francisco. And 200 units of the US project have been pre-sold to mainland investors, media reports said.

      Wang Shi, chairman of China Vanke, told media earlier this month that the time is right to invest in the US real estate sector, as the US economy is gradually climbing.

      He also said the firm is eyeing the market in Canada while continuing to expand in the US.

      Other major real estate companies are also speeding up exploration of the overseas market. Guangdong-based developer Country Garden started to promote its Malaysia project to mainlanders in February.

      However, Hui Jianqiang, head of research at Shanghai-based E-house China Research and Development Institute, noted that most Chinese developers should still focus on the domestic market at present, as "they may be big in size, but they lack management expertise compared with their overseas counterparts."

      Analysts noted that Chinese investors should also be wary of risks. Cheap property in Detroit, US, recently caught the attention of Chinese investors, with media reporting that some houses are priced as low as $10.

      "The overseas market is more mature and prices may not grow as fast (as in China) ... and prices are not as low as they seem when tax and other maintenance fees are included," said Liu.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产精品无码亚洲精品2021 | 亚洲精品成人在线| 一日本道a高清免费播放| 亚洲AV无码一区二区三区系列 | 亚洲三级高清免费| 人人爽人人爽人人片A免费| 亚洲高清在线播放| 国产小视频在线观看免费| 久久免费线看线看| 亚洲变态另类一区二区三区| 亚洲熟妇无码乱子AV电影| 国产免费不卡v片在线观看| 日亚毛片免费乱码不卡一区| 亚洲国产精品yw在线观看| 亚洲AV无码一区二区三区国产 | 亚洲色成人网站WWW永久四虎| 亚洲欧洲中文日韩av乱码| 日本h在线精品免费观看| av成人免费电影| 亚洲一线产区二线产区区| 亚洲欧洲∨国产一区二区三区| 黄页免费的网站勿入免费直接进入| 一个人免费观看日本www视频| 亚洲一级毛片免费在线观看| 国产亚洲精品成人a v小说| 妞干网在线免费视频| 69视频在线观看免费| 一本到卡二卡三卡免费高| 亚洲aⅴ无码专区在线观看春色| 久久精品国产亚洲AV无码麻豆| 亚洲午夜激情视频| 午夜a级成人免费毛片| 亚洲一级免费视频| 久久免费国产精品一区二区| 一区二区三区AV高清免费波多| 亚洲日本成本人观看| 亚洲婷婷综合色高清在线| 婷婷亚洲综合五月天小说| 不卡精品国产_亚洲人成在线 | 亚洲天堂中文资源| 亚洲精品制服丝袜四区|