Chinese real estate companies accelerate overseas layout: Country Garden Malaysia Forest City Phase II starts
In recent years, Chinese real estate companies have accelerated their overseas layout to cope with the regulatory pressure and diversified development needs in the domestic market. Among them, Country Garden’s “Forest City” project in Malaysia has attracted much attention. Recently, Country Garden announced the launch of the second phase of the Forest City project, marking its further expansion in the Southeast Asian market. The following are the hot content and structured data analysis of this topic on the entire network in the past 10 days.
1. Overview of the second phase of Country Garden Forest City Project
Country Garden Forest City is located in Johor, Malaysia. It is a smart ecological city with a planned area of about 30 square kilometers. The second phase of the project will focus on the development of residential, commercial and supporting facilities, with a total investment of more than 10 billion yuan. The following are the key data of the project:
| Project name | location | Planned area | Total investment | Main development content |
|---|---|---|---|---|
| Forest City Phase II | Johor, Malaysia | 30 square kilometers | 10 billion yuan | Residential, commercial, supporting facilities |
2. Overseas layout trends of Chinese real estate companies
In recent years, the scale of overseas investment of Chinese real estate companies has continued to grow, and Southeast Asia has become a popular destination. According to public data, from January to September 2023, the investment of Chinese real estate companies in Southeast Asia increased by 15% year-on-year. The following are the overseas layout of major real estate companies:
| Real estate company name | Main overseas markets | Investment amount in 2023 (RMB 100 million) | Key projects |
|---|---|---|---|
| Country Garden | Malaysia, Thailand | 150 | Forest City |
| Vanke | Singapore, Vietnam | 80 | Singapore residential projects |
| Greenland Group | Australia, the United Kingdom | 120 | Sydney Greenland Centre |
3. The second phase of the forest city market response
After the second phase of Forest City was launched, the market response was enthusiastic. According to local Malaysian media reports, the pre-sale rate of residential units launched in the first phase of the project has exceeded 70%, and the main buyers are from China, Singapore and Malaysia. The following are the pre-sale data:
| Pre-sale unit type | Presale rate | Main sources of buyers | Average price (RMB/square meter) |
|---|---|---|---|
| Two bedroom | 75% | China, Singapore | 25,000 |
| Three-bedroom | 68% | Malaysia, China | 32,000 |
| villa | 50% | Singapore, Malaysia | 58,000 |
4. Expert views and industry outlook
Industry experts pointed out that behind the acceleration of overseas layout of Chinese real estate companies is the dual pressure of slowing growth in the domestic real estate market and policy regulation. Due to its geographical location, cultural similarity and economic growth potential, the Southeast Asian market has become the first choice for real estate companies to go overseas. The launch of the second phase of Country Garden Forest City will further consolidate its leading position in the Southeast Asian market.
In the future, with the deepening of the "Belt and Road" initiative, the scale of investment by Chinese real estate companies in overseas markets is expected to continue to expand. However, overseas markets also face challenges such as policy risks and cultural differences. Real estate companies need to strengthen their local operation capabilities to ensure the long-term sustainable development of the project.
V. Conclusion
The launch of the second phase of Country Garden Forest City is another important milestone in the overseas layout of Chinese real estate companies. Through structured data, it can be seen that the Southeast Asian market is becoming a popular choice for real estate companies to go overseas. In the future, how to achieve steady growth in overseas markets will be the core issue facing real estate companies.
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