Wanda, has set out an ambitious global expansion plan – but has vowed not to sell all the homes it builds to wealthy investors in its home market.
China’s biggest commercial property developer by sales aims to increase its current $30bn annual turnover to $100bn by 2020, primarily through international property development, according to Michael Purefoy, the man in charge of Wanda’s international housing sales.
“Our ambition is to turn Wanda, which is a very well-known brand in China and Asia, into a global brand,” he said.
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