The billionaire owner of China’s Evergrande real estate bought one of the poshest homes in Sydney last year for A$39 million ($30.5 million). But now Xu Jiayin, who also owns Guangzhou Evergrande football club, has 90 days to sell off… Read More>>
Australia to Tax Foreign Home Buyers and Why It Won’t Matter
Australia announced last week that it is putting in place new barriers to foreign purchases of homes in the country, and will start enforcing existing regulations, following a wave of Chinese investment that saw real estate prices in Sydney rise… Read More>>
Fosun Acquires Sydney Office Building for $93M as Chinese Catch Oz Fever
Fosun Property, the real estate arm of China’s largest privately held investment conglomerate announced today that it had acquired an office block in Sydney, Australia for A$116.5 million ($93 million).
The Shanghai-based property investment company will add 73 Miller Street… Read More>>
Most Chinese Commercial Property Investment No Longer in China as Outbound Deals Jump 46%
Chinese investments in overseas real estate increased by 46 percent to a record $16.5 billion in 2014, as China’s slumping property market combined with regulatory reforms to send its investors across borders in search of deals.
For the first time ever,… Read More>>
Australia Set to Restrict Foreign Home Sales Amid Chinese-Fuelled Boom
Following a year in which home prices in Sydney have risen 13 percent, and an estimated 18 percent of homes are being sold to Chinese, Australian lawmakers are recommending tighter controls on sales of real estate to overseas buyers.
Evergrande Boss Buys Sydney Home for $33.4M
Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.
The purchase by the flamboyant… Read More>>
Shimao Property Chasing $914M Sydney Housing Project
Shimao Property, one of China’s largest real estate developers, is reportedly in the advanced stages of acquiring an office block in downtown Sydney, Australia for development of a new residential project valued at A$1 billion ($914 million).
The acquisition, which… Read More>>
Chinese Help Drive 33 Percent Jump in Australian Home Prices
China’s hunger for overseas real estate is pushing Australian home prices to record levels as the wealthy Chinese look for alternatives to increasingly unstable markets at home.
According to a recent report from property information provider RP Data and Rismark,… Read More>>
Chinese Developer Offers $2.8B for Australian Apartment Builder
Australia’s biggest developer of apartments is considering an offer to sell half of its business to an unnamed Chinese real estate company for A$3 billion (US$2.8 billion) according to a recent media report.
Sydney-based Meriton Group received the offer during… Read More>>
Greenland Picks Up 2 New Sydney Sites to Build More Chinese Homes
Greenland Group announced recently that it has acquired two more parcels of land in Sydney, Australia as China’s most aggressive international real estate investor brought its basket of major overseas projects purchased this year to six.
The Shanghai-based property developer… Read More>>