A subsidiary of Hong Kong-listed property developer SRE Group, China New Town is not your usual developer, but rather clears and prepares government-owned land for new town projects before it is sold to third-party residential developers. It is one of the first private companies to get into this business and will be the first listed Chinese developer to focus purely on land development, although some listed companies like Shui On Land and Shenzhen Investment are involved in this...
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