Where do South African Chinese businessmen and China enterprises enter the real estate market?

South African Chinese businessmen and Chinese-funded enterprises enter Johannesburg real estate market

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The foundation stone laying ceremony was held for the Johannesburg Infinite Real Estate Project invested and built by well-known Chinese businessmen. In recent years, China businessmen and Chinese-funded enterprises have invested in real estate projects in South Africa, which has attracted the attention of local people.

The real estate project is located in Bedford View, a wealthy area in Johannesburg. Chen, chairman of the project development company, said that the project is located in a high-grade living area, which is a high-quality modern residential project for the company to enter the real estate market and will become a milestone project for the company. After the project is completed, about 200 apartments will be sold to the market.

The agent of the China Embassy in South Africa who attended the groundbreaking ceremony said that the China Trade City in Chen Jianshe provided a good platform for Chinese businessmen to start businesses, and the China Celebrity Apartment he built created a comfortable and warm home for Chinese businessmen. When Qiu Yuanping, director of the Overseas Chinese Affairs Office of the State Council, visited South Africa last year, he specially visited the apartments of celebrities in China and spoke highly of the apartments and Chen Dou.

Sun Yaoheng, a well-known lawyer in China and director of the Johannesburg Public Security Bureau, said that with the rapid development of cities such as Johannesburg, there was a housing shortage in the local area. In his view, developing good real estate projects for local people is not only a business, but also a social responsibility. He is proud that a landmark building developed by China people has sprung up in such a high-end location.

This will also be the third landmark building built by China enterprises and businessmen in South China around Johannesburg. Previously, the Sinosteel Tower in Thornton area and the high-grade serviced apartment project invested by China Railway International Group have become one of the local landmarks. Wen Jian, head of China Railway International South Africa Company, told reporters that Infinite Project and their project were designed by the same designer. After their project was put on the market a few years ago, it attracted wide attention with its location advantages, exquisite design and high-end construction standards, and the price of 50 thousand rand per square meter also set a local record.

In addition to large state-owned enterprises, some private enterprises from China also have a special liking for the South African real estate industry. Grancia, established by China Overseas Chinese Phoenix Group, has also actively invested in the real estate market in recent years, and some apartments or villas in the project have been sought after by local people.

However, there are also China enterprises that have encountered "Waterloo" in South Africa. 20111066543810. In October, Shanghai Zendai acquired it with1610 million South African rand, indicating that it would attract 8 billion to10 billion US dollars to build ". However, in June of this year, 5438+ 10, Shanghai Zendai sold all the shares and loans of Zendai Capital at a total consideration of1810 million rand. This three-year investment eventually lost HK$ 30.82 million.