Property News · January 11, 2017

Greentown the latest Chinese developer to expand overseas despite stricter capital controls


Greentown China Holdings, one of the top 10 Chinese residential developers, announced its aggressive overseas investment plan this week despite mainland residents recently being banned from converting yuan into foreign currencies for overseas property purchases.
The Hangzhou based firm set up its first overseas property unit this week, aiming to complete 10 building projects with total stock value of more than 20 billion yuan by 2020, according to a statement on the company’s official…

Source : South China Morning Post
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