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One of China's biggest developers sets its sights on Thailand

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One of China's biggest developers sets its sights on Thailand

Country Garden eyes major project despite Beijing's clampdown on outbound investment

JASON TAN, Contributing writer

 

BANGKOK In a modern office block in Huay Kwang district, the team settling down to a routine Monday morning is employed by the new Thailand branch of Country Garden Holdings, China's largest property developer by contracted sales.

 

This is the Chinese company's latest foray in Southeast Asia, and a string of projects are planned for the Thai capital next year.

 

"In addition to Bangkok, Country Garden is also scouting for sites in Pattaya and Phuket," said a veteran of the Thai property market, referring to two seaside resorts that attract millions of foreign visitors each year.

 

Full story: https://asia.nikkei.com/magazine/20171130/Business/Chinese-developer-resumes-Asian-expansion-in-Thailand

 

-- NIKKEI ASIAN REVIEW 2017-11-30

Thailand, bought and paid for by China. bringing High Speed Trains and Happiness to the people.

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