Wing Tai, a Singapore retailing and real estate group, announced on May 28 that they would cooperate with three international partners and invest USD1b in Chinese real estate projects.
The company declared that they would take the lead to organize a consortium, including German SEB Immobilien-Investment，American Forum Partners and Israeli Eilam Group. This consortium will seek business opportunity and establish JV in China.
Wing Tai revealed in the declaration that this consortium would input USD450m equity in total in the joint venture.