RAJ REPORT

Why is Greenland not coming to Cairns——-Is Advance Cairns doing its job——-sanghai-based developer Greenland Holdings Group plans to invest 1 billion Australian dollars (US$957 million) in real estate in Sydney and Melbourne in the next two years, as part of an aggressive global expansion that has already included billion-dollar projects in the U.S. this year.

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sanghai-based developer Greenland Holdings Group plans to invest 1 billion Australian dollars (US$957 million) in real estate in Sydney and Melbourne in the next two years, as part of an aggressive global expansion that has already included billion-dollar projects in the U.S. this year.

But Zhang Yuliang, chairman of the state-owned conglomerate, said the plan depends on whether the welcome mat remains out to investment as well as immigrants and foreign students.

“How much we invest in Australia depends on the country’s macroeconomic policies, how open it would be to foreign investment and trade,” he told reporters Tuesday.

“If Australia closes its market, it would be detrimental to the economy,” said Mr. Zhang.

In March Greenland spent A$480 million on a residential and hotel project in Sydney called Sydney Greenland Center. It also has an interest in a project near a horse-racing track in Melbourne.

 

 

 

Greenland Group Plans $957 Million Australia Investment Push – WSJ.com.

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