Rapidly expanding property developer Aqualand, backed by its mainland China-based parent Shanghai Shenglong Investment, has acquired a 13,215 sqm office and warehouse facility in Sydney’s Macquarie Business Park in the north of the city for A$54 million (US$41 million), as the… Read More>>
Greenland Runs Afoul of the Law Over Contaminated Sydney Site
An apartment block being built by Greenland Group in Sydney has hit a speedbump after the the New South Wales Environment Protection Authority ordered the Shanghai-based developer to clean up the contaminated development site before pursuing the… Read More>>
Beijing Macrolink Buys Sydney’s Coca-Cola Building for A$158.5M
Chinese conglomerate Macrolink Group has finalised its purchase of the iconic Coca-Cola office building at Circular Quay in Sydney for A$158.8 million ($119 million).
The Beijing-based group which started as a timber and wood import and export company in 1990… Read More>>
Home Prices Rise in Fewer Mainland Cities and More Greater China Real Estate Headlines
China’s 2016 housing boom is already showing signs of tapering off, as fewer cities reported rising prices in May, according to the latest government figures. The home price news hasn’t stopped developers from paying record prices for land, and the… Read More>>
Ping An Strikes 2nd Sydney JV with Australia’s Mirvac Group
Ping An Insurance Group, one of China’s five largest insurers, has struck a second residential development joint venture with leading public-listed Australian real estate group, Mirvac, five months after their first joint venture agreement.
In the new deal, Ping An Real Estate,… Read More>>
Chinese Developer Starts A$1Bil Project as Sydney Market Softens
China’s Dahua Group has revealed plans for an A$1 billion ($761 billion) master-planned estate in Sydney’s southwest suburb of Bardia, the second project in this area of the city for the top 50 mainland developer which has created a second… Read More>>
China Poly Partnering with Aussie Developer in Bid for $755M Sydney Project
China Poly Group is set to dive deeper into the Australian market through a joint bid with local homebuilder Billbergia for a A$1 billion ($755 million) Sydney residential project.
The state-run developer’s joint proposal with Billbergia sees the transnational team… Read More>>
Veteran Investment Broker Mark Suchy Launches Core Capital Asia
Veteran mainland investment broker Mark Suchy has announced the launch of Core Capital Asia, one of China’s first pure-play real estate investment advisory firms, based in Shanghai. The boutique consulting firm is already assisting investors seeking opportunities in the rapidly… Read More>>
China Overseas Holdings Buys Sydney Site for $56M
One of China’s 10 largest developers became the latest mainland homebuilder to enter the Sydney market this week when China Overseas Holdings Ltd (COHL) bought a site in the city’s north side for A$80 million ($56 million).
The acquisition by… Read More>>
27-Year-Old Shanghai Heir Buys Angelina Jolie’s Sydney Hang-out for $37.5M
While China was once known for exporting manufactured goods around, the country previously specialising as the world’s factory floor now seems to be capturing more attention for the sending its billionaires and their kin out of the country.
New proof… Read More>>
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