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The latest market update from Sally Wang, Sina Property UK, a one-stop platform for UK property developers and agents to reach Chinese property buyers
When interviewed by one of the leading female media guru’s Ms. Lan Yang, David Cameron said that “China is industrialising 10 times faster than Britain when we went through our industrial revolution and 100 times the scale.” Chinese Middle Class will exceed 600 million soon, larger than European Union single market.”
With the clear focus on improving Chinese and UK business co-operations, the past year has seen frequent activities between the leaders of these two countries. David Cameron, Boris Johnson and their business team visited China last year. June 2014, Chinese Prime Minister Ke Qiang Li returned the favour and deals worth billions of pounds have been signed, great events have been organised, and a new wave of Chinese immigrations, companies and property buyers are on their way to UK.
In 2013, ABP signed a £1 billion deal to take on Royal Albert dock near City Airport; June, WanDa group invested £700 million in Resi Development at One Nine Elms; July, Ping An Group spent £260 million buying up Lloyds building; October, ZhongRong Holding Group injected £500 million for Crystal Palace project; Mr. Jia Chun Zheng invested £3 billion to develop Greenwich Peninsula.
In 2014, The China investment Corp have already invested £780 million in Chiswick Park; GreenLand have spent £600 million each on Ram Brewery site in Wandsworth Council and Hersmere; last month, China Life Insurance company bought up 10 Upper Bank Street with a price of £795 million and in the same month China Construction Bank bought up 111 Old Broad Street with £110 million.
Minister for Trade and Investment in the UK Government, Lord Ian Livingstone mentioned in the latest private function, “the amount that the Chinese have invested in UK in the past 18 months has exceeded the total amount for the past 30 years”. The Property industry definitely plays a great role in this rather historical era.
We have seen more and more Chinese property buyers in UK in recent years, and more of them are on their way due to a combination of factors and reasons. How to meet their demands, how to provide them with the most up to date and real time UK property information and listing, this has become our mission. As one of the biggest Internet companies in China, (No. 4 in China and No. 14 Globally) we SINA are creating a unique platform to bridge the two markets.