China's property developers are just warming up in Australia

Posted by Sean Lim on September 25, 2017

China's property Australia.png

Michael Mai believes the surge of Asian investment in Australian property has a long way to run.

Mr Mai's development company, ICD Property, is one of the new wave of Chinese dragons transforming Melbourne's property market.

Established five years ago, ICD now controls five development sites, ranging from the recently launched 632-apartment project Eq Tower in A'Beckett Street, to a 115-hectare house, land and commercial precinct in Geelong.

According to CBRE estimates, Chinese, Singaporean and Malaysian interests have invested $1.3 billion in CBD and city fringe development sites over the past two years.

Chinese developers snapped up the bulk of potential projects, taking 55 per cent of sites by value, far outweighing their counterparts and overshadowing Australian-based developers who took just 2 per cent, CBRE figures show.

Do you know there are Aussie mortgages that are flexi loans, interest-only, fixed and floating rates available from lenders in Australia and Singapore?

ICD's development model is a hybrid of Chinese capital and Australian expertise. Eq Tower will be project-managed by Sinclair Brook, designed by Elenberg Fraser and sold by Colliers International, said Mr Mai, who arrived in Australia in 1997 to study at Scotch College and Melbourne University. 

Source : http://m.smh.com.au/business/chinas-property-dragons-are-just-warming-up-20140411-36gjl.html

Happy reading! If you are thinking to buy a off the plan home from developers, do check out the rates and do a comparison on Australia home loan rates.

Here is our Australia Mortgage Portfolio!

 

Australia mortgage

Topics: Australia

Written by Sean Lim

Testimonials for FAHL

"I am most impressed by Sean's professionalism in assisting to put in place a mortgage plan that totally meets my investment objectives. His enthusiasm and passion for what he does is remarkable. I hope there will be more mortgage brokers like Sean and his colleagues in Singapore." - Ann Tay, Jan 2017"

"I would like to register my compliments for Maggie. I started enquiring about loans since June/July last year and Maggie has been diligent in following up with me and in addressing all my questions. I recently only settled the bank loan. Throughout this period of several months, Maggie has been patient, proactive and prompt.  It is a delight working with her." - Irene

"You have given good advice, Maggie. Your website is the easiest to follow to get list of documents. We prepared according to the website and it is easy for us to understand." - Shally Tan

Subscribe to Email Updates