Sinolink Worldwide Holdings said it aims to raise US$500 million by the middle of the year for a Chinese-focused real estate investment fund it recently set up with the Rockefeller Group, the Wall Street Journal reported, citing chief executive Francis Tang. The Hong Kong-listed conglomerate, with interests in property, gas and power in China, said the introduction of land auctions and property title record-keeping improvements had made China's commercial real estate market more attractive to outside investors. Despite Beijing's efforts to cool down the overheated real estate market, there has been a proliferation of China-focused property funds launched by foreign investors during the past year, such as the US$60 million fund run by Singapore-listed property developer CapitaLand.
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