Monday, December 22, 2014

China's Greenland Group to Build $3.2b Tower in Seoul South Korea

The logo of Greenland Group is pictured at the construction site of Greenland Puli Center in Jinan city, east China’s Shandong province, 28 April 2013. [Photo: Imagine China]
Chinese real estate giant Greenland is reportedly investing 3.2-billion US dollars to build a twin-tower in the South Korean capital Seoul.
The announcement comes less than a week after Greenland secured a 6 billion-dollar affordable homes project in Brooklyn, New York.
The Seoul twin-tower will become Greenland's new headquarters in South Korea once completed.
Greenland first entered the South Korean market in 2012.
The company has a huge presence on Jeju Island, where homes are being built to try to attract Chinese investors.
Greenland is expected to reap some 700 million US dollars in sales this year in South Korea.

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