房地产

China property developers face setbacks in ambitious foreign push

 

Chinese property developers have suffered a string of setbacks in overseas building projects from New York to Sydney in recent weeks, highlighting the cultural and operational challenges these groups face working in unfamiliar territories.

Chinese builders have ramped up foreign investment in recent years as the domestic market has slowed. Outbound property investment hit $25.1bn last year, up almost 0.5 per cent from 2014, according to JLL, the global property advisory group, a figure that includes both greenfield development and finished buildings.

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