Property News · April 18, 2017

Chinese developer Greentown China Holdings expects 2017 to be a window for land acquisitions


The wheel has turned a full circle for Greentown China Holdings. The company, which was veering towards bankruptcy in 2014 and had even sold a majority stake to state-owned China Communications Construction Group in 2015, has not only emerged unscathed and is now China’s ninth largest developer in terms of sales. Not surprisingly, the Hangzhou-based developer edged towards another milestone when its contract sales crossed the “100 billion yuan” (US$14.5 billion) mark for the…

Source : South China Morning Post
Read more…Chinese developer Greentown China Holdings expects 2017 to be a window for land acquisitions