China's Property Giant Is Eyeing the United States and Australia.

Greenland Group, situated in Shanghai and one of China's top developers, is increasing its abroad investments by focusing on the United States and Australia. house for sale

According to the Wall Street Journal, the corporation is planning to invest in a project on the West Coast of the United States and is also considering a residential project in Melbourne.

Brookfield Asset Management has already announced the purchase of a residential and hotel property in Sydney for $497 million.

Chairman Zhang Yuliang told reporters, "We are interested in regions where there are a lot of Chinese people."

According to him, the purchase in Sydney is supported by loans from Chinese and Australian banks.

The business intends to benefit from the growing number of Chinese immigrants and students studying overseas.

Mr. Zhang also stated that government actions to cool the market are necessary since home prices are "excessive," according to the Journal.

Mr. Zhang told reporters that "homes would have to be taxed and they will have to cope with it." "Property developers will have to adjust and adjust their offerings to cater more to first-time home purchasers," says the report.

A $160 million expansion is planned by a Chinese resort company.

As demand for eco-themed resorts in China develops, Shanghai-based resort owner Naked Retreat expects to invest more than $160 million in new projects.

While Hyatt and other major international hotel chains continue to develop in China, Naked Retreats co-founder Grant Horsfield told Forbes that there are currently few possibilities for alternative eco-themed resorts. Naked Retreats seeks to provide tourists in China more options.

Mr. Horsfield told Forbes, "If we had another 1,000 rooms, we could fill them."

According to Forbes, Mr. Horsfield and his co-founder wife, Delphine Yip, a Hong Kong-born architect, intend to grow near Beijing's Great Wall, on an island in Jiangsu province's Taihu Lake, and in the Shanghai and Guanzhou districts.

Although investor funding for the anticipated expansion has yet to be confirmed, Mr. Horsfield told Forbes that "there is no scarcity of money."

Overseas resorts, such as Banyan Tree, are also interested in developing in China, aiming to profit from the country's growing population of high-net-worth individuals. In the 2013 Forbes Billionaire list, China has 122 billionaires, demonstrating the country's economic progress over the last decade.

Naked Home Village and Naked Stables are two of the company's current facilities, both of which are located in the Moganshan district of Shanghai.

In 2005, Mr. Horsfield relocated to China from South Africa. He started e-Bites Limited, a publishing and call-center facilitation company based in Cape Town, before going to China.

They established Naked Stables Private Reserve in 2011, a collection of tree-top homes and huts near Shanjiuwu, a farming village. The US Green Building Council awarded Naked Stables LEED platinum accreditation for 70 of its 90 buildings earlier this year.