皇冠体育app

A $100 million fund by 皇冠体育app's small and medium-sized developers has been raised to invest in the US real estate market, indicating Chinese developers' growing interest in expanding overseas.

“Around one to two deals are expected to close soon. We may raise more money after the Spring Festival,” said Gong Yi, director of 皇冠体育app Real Estate Chamber of Commerce.

The fund is initiated by the US-皇冠体育app Real Estate Investment Center, which is affiliated to 皇冠体育app Real Estate Chamber of Commerce.

“Investment return is not the investors' major concern,” Gong said. “They just want to diversify their business portfolios, given increasing uncertainties in the home market.”