LOS ANGELES—The prospering US housing markethas attracted Chinese investor Landsea Group. Inan earlier story, GlobeSt.com reported that thehomebuilder is making its foray into the US with a $1 billioninvestment, which will be spent on developmentprojects over the next several years. The firm plans to focus oncoastal markets, with three projects already underway in SanFrancisco, the New York metropolitan area and Los Angeles.

“One of the reasons we selected the US housing market is becausein China, the housing market growth is slow and it is a very highlycompetitive market,” Tian Ming, founder andchairman of the Landsea Group, tells GlobeSt.com. “We saw anopportunity to invest in a healthy and expanding housing marketwhere we see a lot of growth potential, and we wanted to enter theUS market and establish ourselves.”

Landsea, whose US headquarters is in Downtown Los Angeles, plansto develop all for-sale properties, both condominiummultifamily-style properties andsingle-family homes. In China, the developer isknown for being a premier green homebuilder with a commitment tosustainability. According to Ming, this is a themeit will carry over into its US developments. “We will continue toexplore sustainable building techniques to offer our customershealthy environments and sustainable and comfortable homes,” hesays.