Chinese developer, Greenland Group, are planning to invest in Japan’s real estate market. On September 21, Mizuho Financial Group entered into a business partnership with the developer. As part of the agreement, Mizuho will provide support and assistance for Greenland’s investments in Japan.

With the lower Yen, and an oversupply in some sectors of the Chinese property market, Greenland is looking at participating in some urban planning projects in Japan, as well as investing in existing residential and office buildings. Mizuho will supply necessary information on suitable land for potential projects and assist with fundraising.

Greenland Group is already active in other foreign markets including Sydney, where they are currently constructing a 236m tall residential tower, and have also acquired additional residential development sites in the inner city area.

Sources:
The Nikkei Shimbun, September 22, 2015.
Jiji Press, September 22, 2015.

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