Related News
Home » Business » Real Estate
Greenland tops the height in Seoul
Print Edition
THE Greenland Group, China’s second-largest residential developer, said yesterday that it plans to invest over 20 billion yuan (US$3.2 billion) to build the tallest twin tower in Seoul as the company continues to expand overseas.
Located in the South Korean capital’s Mapo-gu District that has a concentration of media-related companies, the twin tower project covers an area of 620,000 square meters.
“As China and South Korea have completed negotiations over a free trade agreement and introduced the direct exchange between the yuan and won, the economic and trade ties between the two countries will further improve and related demand will push South Korea’s real estate market forward,” the Shanghai-based company said in a statement.
Greenland said its property sales in South Korea are likely to reach 4.5 billion yuan this year.
Last week, the Shanghai developer said its total investment in the US will exceed US$6 billion. It will also achieve US$3.9 billion in pre-sales overseas by the end of this year, an increase of 30 percent from last year.
It unveiled last Wednesday a US$5 billion project in New York in which it holds a 70 percent stake — the biggest investment in the US by a Chinese developer.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
