久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 日韩三级在线免费观看 | 日韩在线视屏 | 日韩毛片在线免费观看 | 久久www免费人成看国产片 | 欧美与黑人午夜性猛交久久久 | 亚洲图片偷拍区 | 精品久久久久久无码中文字幕 | 欧美 亚洲 另类 自拍 在线 | 欧美做暖小视频xo免费 | 欧美aaa毛片免费看 欧美aaa视频 | 久久免费精品一区二区 | 人成免费网站 | 成年人在线视频观看 | 国产视频自拍一区 | 久久精品一品道久久精品9 久久精品一区 | 欧美一区欧美二区 | 男人女人做刺激视频免费 | 国产三级黄色片 | 久久精品无遮挡一级毛片 | 国产视频成人 | 亚洲天堂中文网 | 日韩国产欧美视频 | 中文字幕一级片 | 亚洲精品二区 | 亚洲男人天堂视频 | 国产精品久久久久免费 | 美女被靠视频免费网站不需要会员 | 67194成人手机在线 | 国产精品视频自拍 | 国产精品毛片在线大全 | 国产成人精品男人免费 | 中文字幕一区二区小泽玛利亚 | 在线精品视频在线观看高清 | 亚洲国产小视频 | 亚洲欧美另类自拍第一页 | 国产欧美日韩精品a在线观看 | 久草首页在线观看 | 亚洲第一页视频 | 完整日本特级毛片 | 明星国产欧美日韩在线观看 | 久久久一本精品99久久精品66 |