Real estate is often as a local industry, although international acquisitions have increased considerably in recent years. With the current slump in prices in the US and other parts of the world, things are a bit confusing. Chinese business tycoon Gordon Tang – who is a reckoning force behind Singapore-listed SingHaiyi Group seems to have found a way. With his business acumen and a team that also includes Neil Bush, who serves as the Non-Executive Chairman, SingHaiyi Group is soaring high. It has acquired many properties in the US at throwaway prices, and experts believe that the acquisitions will open new things for everyone involved. Mr. Tang has been particularly focused on acquiring assets with the intention of creating new projects.

He has strong connections in the US, Malaysia, Singapore and China, with assets that are being managed successfully by SingHaiyi Group. He is partners with Mr. Bush in Oregon-based American Pacific International Capital (APIC), which also manages and runs hotels in the US. In recent years, SingHaiyi Group and Mr. Tang have been focusing on other markets, including Europe and Australia. The group gained 9% stake in Australia-listed Cromwell Property Group, which promises more expansions possibly in near future. Acquisitions is the way it seems!