Property News · May 17, 2017

China’s biggest builder tests US market with its Manhattan project


An offshoot of China’s largest construction and real estate conglomerate has launched its first foray into the up-market residential market of New York’s Manhattan island.
Strategic Capital, the investment arm of China Construction America, which already has a national portfolio worth in excess of US$1 billion, has announced a US$140 million equity investment in a residential development in the Hudson Square neighbourhood of Manhattan.
It will be working with two New York partners,…

Source : South China Morning Post
Read more…China’s biggest builder tests US market with its Manhattan project