Recent News

Archives

04Nov2014

Greenland Holdings Zhang Yuliang and the Chinese property investment push

The Australian  | By By Greg Brown

Shaoqun Tan, the chairman of Fuxing Huiyu Real Estate, says the Chinese government has actively encouraged big real estate companies to expand overseas so that they can keep growing without overheating the local market.

Under the banner Starryland, Tan’s group, which is based in the Chinese province of Hubei, west of Shanghai, entered the Sydney market this year and is developing the $550m Promenade Parramatta apartment project.

The apartments range from $399,000 to $900,000, with real estate firm Savills handling the sales campaign.

Tan says Australia is the first country in which his company has expanded. “We were drawn to (Australia) by its strong residential real estate market, stunning natural environment and good long-term economic growth prospects.”

Fuxing Huiyu was established in 2001 as the property arm of manufacturing company Hubei Fuxing Science and Technology. “I foresaw the strong future of this industry with China experiencing a large demand for urbanisation as millions of citizens were trying to increase their living standards,” says Tan. “It is certainly evident 13 years later that my career strategy was correct and my property predictions were accurate.”

He says he is “motivated by constant progress”. “I get the most satisfaction implementing outside-the-box ideas that ultimately end up proving their value. I like to be constantly challenged.”

View Article

Sunnyland Disclaimer

SUNNYLAND and its related companies and their agents / consultants have endeavored to ensure that at the time of publishing, the content of this website is correct. SUNNYLAND reserves the right to change the contents of the website at any time. Plans, diagrams and artists impressions are conceptual only. SUNNYLAND does not warrant the accuracy of any information or illustrations included in this website. The information, illustrations, documents and plans on this site will not form part of any contract for sale, agreement for lease or lease. Intending purchasers must make, and rely on, their own enquiries and evaluation of the information, forecasts, opinions, statements and other material contained within this website. SUNNYLAND on its own behalf and on behalf of its agents and consultants disclaim any liability or responsibility for any loss, damage or claim whatsoever sustained or incurred by any person, corporation or other legal entity arising out of or in any connection with any alleged reliance on the content of this website.

×