Developers happy to follow buyers abroad
Wanda Group, the country's largest commercial property developer, has revealed plans to invest $10 billion in the US over the next decade, particularly in hotels, retail and commercial properties.
For Zhang Ping, head of research in Beijing for Cushman & Wakefield, Chinese property investors are sometimes a bit slow in the decision-making process, compared with international competitors.
"In some cases they are still unfamiliar with the legal and investment environment in target countries but generally I think they are still a bit conservative."
huyuanyuan@chinadaily.com.cn
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