三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Country Garden ventures out with Malaysian firm

By Wang Ying and Hu Yuanyuan | China Daily | Updated: 2011-12-28 08:15

Companies look abroad as nation's housing market under pressure

SHANGHAI/BEIJING - Hong Kong-listed Country Garden Holdings Co Ltd has started to explore the overseas market, setting up a joint venture with a Malaysian property developer.

Analysts said that other ambitious domestic developers might also look abroad as the Chinese housing market continues to contract under the pressure of government curbs.

Country Garden filed a notice with the stock exchange of Hong Kong recently, saying that it would set up a joint venture with Malaysia Land Properties Sdn Bhd (Mayland) to develop property in the Southeast Asian country.

Country Garden will have a 55-percent stake in the venture, with Mayland holding the rest.

The filing said that the JV would be principally engaged in acquiring land use rights in Malaysia, where it would develop residential and ancillary commercial facilities.

A request for comment by the company wasn't available as of China Daily's press time on Tuesday.

According to Chen Sheng, deputy director of the China Index Academy in Shanghai, Country Garden's move was in line with the government's call for more investment in the ASEAN economies.

"Prime property development in these nations offers plentiful opportunity," said Chen.

James Macdonald, head of Savills China research, said that many factors should be considered when developing abroad, including cultural differences, regulations and market characteristics.

"In general, however, Southeast Asian economies have been performing well recently and the demographics and rebalancing of the global economy seem to favor continued growth in Southeast Asia, which is likely to be underpinned" by growth in those nations' property markets, Macdonald said.

"Traditionally, Chinese developers chose the US, Australia and Canada as their overseas destinations. However, more of these companies are moving into southern Europe and Africa," noted Chen.

Chen said that few domestic developers go overseas, and he recalled the failed attempt by Chinese billionaire Huang Nubo to buy land in Iceland. The deal was rejected by Iceland's government.

Insiders who spoke on condition of anonymity said that Hainan Airlines Group was discussing a commercial project in Seoul, while the Shanghai-based Shanghai Industrial Investment (Holding) Co Ltd was said to be considering a mixed-use project in Russia.

Carlby Xie, head of research at Colliers International (Beijing), said that a number of domestic property developers had approached Colliers for advice on overseas expansion. Most of these developers were interested in mixed-use projects instead of residential ones.

The major risk for Chinese developers, Xie said, is a lack of knowledge about local markets and laws, but Chinese developers are pretty strong in cost management.

Overseas projects are another option for domestic developers, with foreign markets perhaps proving less competitive or saturated than domestic markets.

There are also the added benefits in markets like Malaysia of having a large Chinese population. Chinese developers are more likely to be well-known to these potential buyers, said Macdonald.

China Daily

(China Daily 12/28/2011 page15)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲成人午夜影院 | 欧美一级性 | 日韩人成免费网站大片 | 毛片日韩 | a级免费| 欧美成人精品第一区首页 | 特级毛片免费 | 精彩视频一区二区 | 99免费视频 | 欧美αv日韩αv亚洲αv在线观看 | 亚洲色大成网站www久久九九 | 激情性生活视频在线播放免费观看 | 97se狠狠狠狠狼亚洲综合网 | 日韩一区二区在线观看 | 中文字幕亚洲视频 | 亚洲欧美日韩成人 | 国产nv精品你懂得 | 曰韩美女一级视频 | 欧美成人午夜毛片免费影院 | 免费一区视频 | 国产成人一级片 | 国产欧美亚洲精品 | 亚洲欧美一区二区三区九九九 | 日韩成人在线影院 | 欧美日韩性 | 天天综合色天天桴色 | 伊人久久青青 | 亚洲国产精品热久久2022 | 尤物在线播放 | 精品日韩一区二区 | 精品在线一区二区 | 婷婷综合色伊人阁 | 永久免费观看视频 | 麻豆国产免费影片 | 免费jizz在线播放视频 | 国产精品一区二区久久 | 亲子乱子xxxxxx | 真人女人一级毛片免费视频观看 | 久久精品2021国产 | 无遮挡1000部拍拍拍免费 | 国产亚洲视频网站 |