Coldwell Banker, a real estate agency under Realogy, the largest real estate group in the United States, has settled in the new Puwan district of Dalian, Liaoning province, as of Aug 15.
Coldwell made the decision to start a business in Dalian because of the city's urbanization strategy, with the new district as its core, as surrounding areas have begun to promote urbanization to increase investment and consumer demand in recent years.
The price of housing in the new district is 5500 to 6500 yuan ($900 - 1100) per square meter, and it is expected to go up.
The chairman of the Puwan Coldwell Banker, Liu Chuanbao, said the new district has plenty of advantages, including convenient transportation, good location, and more jobs being provided. And it has attracted other real estate developers, such as Vanke, Yi Sheng Yuan, and Long Wave and has 18 real estate projects on 4.6 million square meters of land and a 2.3-million-sq-m sales area.
Coldwell's real estate operations are in 49 countries and regions, with 3,300 outlets.
Edited by Zhao Qian and Roger Bradshaw