LOS ANGELES—The prospering US housing market has attracted Chinese investor Landsea Group. In an earlier story, GlobeSt.com reported that the homebuilder is making its foray into the US with a $1 billion investment, which will be spent on development projects over the next several years. The firm plans to focus on coastal markets, with three projects already underway in San Francisco, the New York metropolitan area and Los Angeles.

“One of the reasons we selected the US housing market is because in China, the housing market growth is slow and it is a very highly competitive market,” Tian Ming, founder and chairman of the Landsea Group, tells GlobeSt.com. “We saw an opportunity to invest in a healthy and expanding housing market where we see a lot of growth potential, and we wanted to enter the US market and establish ourselves.”

Landsea, whose US headquarters is in Downtown Los Angeles, plans to develop all for-sale properties, both condominium multifamily-style properties and single-family homes. In China, the developer is known for being a premier green homebuilder with a commitment to sustainability. According to Ming, this is a theme it will carry over into its US developments. “We will continue to explore sustainable building techniques to offer our customers healthy environments and sustainable and comfortable homes,” he says.