Overseas investors continue to pump money into China's real estate market amid speculation that the government may restrict property purchases by foreigners.

Standard Chartered Private Equity Ltd said yesterday it has invested HK$370 million (US$47.6 million) in Greentown China Holdings Ltd, a Hangzhou, Zhejiang Province-based developer. There were no details on the ownership arrangement, however.

The move comes a month after Standard Chartered announced it would invest US$50 million in Shimao Property Holdings, a luxury residential and hotel developer based in Shanghai.

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