Chinese builder Landsea to invest $1 billion in U.S. housing market

A rendering of Landsea Group's development in Dublin, Calif. / Landsea Group
A rendering of Landsea Group’s development in Dublin, Calif. / Landsea Group

By Tim Logan | Los Angeles Time

A Chinese homebuilder is poised to invest $1 billion into the U.S. housing market, starting with two developments in California and one in New York.

The venture, by Nanjing company Landsea Group, could signal the beginning of a wave of Chinese investments in single-family homes in the U.S., part of a larger influx of Chinese money.

From our research, Chinese customers in the U.S. don’t want to live in a 100% Chinese community. We think we’ll sell maybe 30% to Chinese buyers.

– John Ho, managing director of the Landsea’s U.S. subsidiary

Landsea — which builds about 12,000 houses a year in mainland China and also develops in Hong Kong and Germany — comes to the U.S. amid signs that the red-hot market at home is cooling off. Building costs in China have soared in recent years, and lately prices have started to fall in many cities.

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

September 2014
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930