Arab Today, arab today greenland takes bullish view on overseas sales
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Greenland takes bullish view on overseas sales

Arab Today, arab today

Arab Today, arab today Greenland takes bullish view on overseas sales

Beijing - XINHUA

Shanghai-based Greenland Group Co Ltd raised its overseas sales target to 20 billion yuan ($3.25 billion) for 2014, acting bullish on its overseas business expansion. "We will kick off the sales campaign in our projects in the United Kingdom, United States, Canada, Thailand and Malaysia this year, thereby boosting our overseas sales target to 20 billion yuan in 2014," Zhang Yuliang, chairman of Greenland Group said in an e-mailed statement on Monday. The company's overseas sales stood at 3 billion yuan in 2013. Zhang's announcement followed the company's recent acquisition of a real estate project in Canada. The project, located in the core area of Toronto, covers an area of 3,855 square meters. With a total investment exceeding 2.2 billion yuan, the project will begin construction within six months, according to the company's statement. Greenland has quickened its overseas expansion this year. In January, it spent 12.3 billion yuan in securing two residential projects in London. In February, the company invested up to 20 billion yuan in two Malaysian property projects, with one likely to become the largest single investment in the country by a Chinese company. It also started construction of its project in Los Angeles last month, with a total investment of 6.2 billion yuan. According to Zhang, the company has a project in negotiation in France and will experience material growth soon. In 2013, more than 76 percent of total inbound capital into the development markets of the UK, the US and Australia originated from China, Singapore, Malaysia and India, data from global property consultancy Knight Frank showed. "Brand building, diversification, growth and selling back to domestic buyers have been key drivers," said Nicholas Holt, Knight Frank's head of Asia-Pacific research. Moving forward, Holt expects London, New York, Hong Kong, Singapore, Paris and Sydney will continue to be targeted by developers that are increasingly outward-looking in the future. "Investors from China will increasingly recognize homegrown brands when they buy luxury developments in London, New York, Sydney and Vancouver," said Holt. Chinese property developers' robust ambition in the overseas market follows a growing appetite among the newly rich for snapping up properties abroad. The number of billionaires in China in 2023 will exceed the total number of billionaires in the UK, Russia, France and Switzerland combined, according to a wealth report by Knight Frank and Bank of China International Ltd. The number of China's ultra-high-net-worth individuals — those with $30 million or more in net assets excluding their main residence — is set to grow 80 percent to 14,213 by 2023, according to the report.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greenland takes bullish view on overseas sales Arab Today, arab today greenland takes bullish view on overseas sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greenland takes bullish view on overseas sales Arab Today, arab today greenland takes bullish view on overseas sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday