Ying Li looks to widen property portfolio to Beijing, Shanghai
INGAPORE-LISTED Chongqing commercial developer Ying Li International Real Estate could begin diversifying its property portfolio to Shanghai and Beijing by the end of this year.
Said James Pan, Everbright head of real estate investment and fund raising: "Chongqing is a very important market especially for Ying Li, where it has built up a strong reputation and a brand name.
"On the other hand, the market is providing us with a window, because it has slowed down and developers are cautious on land acquisitions.
"With Everbright's network, capital and strong execution, and with significantly reduced gearing and fresh capital for Ying Li, we will have a chance to enter Tier 1 cities."
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