Chinese investors are pushing into Melbourne and Sydney
In a sleek black display room in downtown Melbourne, Adrian Sum is getting ready to launch construction of his first joint venture Australian apartment project.
Mr Sum controls the purse strings of one of China’s largest property developers, and the striking 63-level, 633 unit high-rise Eq Tower is state-owned Sino Ocean Land’s first development foray outside the People’s Republic.
Read more: http://www.smh.com.au/business/chinese-investors-are-pushing-into-melbourne-and-sydney-20141010-113q7x.html#ixzz3FyOCSaSB
DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.