One of them is a set of pictures of Chinese mansions built by themselves. (photo by Australian newspaper)
According to the Australian newspaper, Chinese buyers have always been luxury buyers in Australia`s luxury housing market. Now, this group has a new direction: building development.
Chinese buyers not only captured many of the well-known mansions in (Sydney Harbour), Sydney Harbour, but also advanced into rich areas such as Melbourne Turak (Toorak) and Brighton (Brighton). Tu Yanling (Monika Tu), head of Sydney-based property company Daijing (Black Diamondz), said many Chinese buyers were unable to find the property they wanted on the market and were ready to build their own to meet demand.
At the Wacruz (Vaucluse), Aqualand Real Estate Development Group in Sydney`s affluent district, 29-year-old Chinese real estate upstart Lin Shangjin (Jim Lin) hopes to combine two adjacent properties on Queen`s Avenue (Queens Avenue). The request, which was rejected by the (Woolhara) City Council in Woollahua, has been conditionally approved by (Sydney Central Planning Panel), Sydney`s central planning team.
The two properties were bought by Lin`s mother, New Year`s Eve, for A $52 million in 2015. Lin currently plans to invest A $22 million to completely renovate one of the historic seven-bedroom houses, "Villa Igiea," and demolish an adjacent 6-bedroom stand-alone house to rebuild a three-story house. The two properties will share a basement and parking lot. Upon completion, the property covers an area of 2940 square meters with facilities such as spa, sauna, swimming pool, wine cellar, billiard room and rooftop garden, and the total number of bedrooms will be reduced from 14 to 9.
Wen Bingrong (Wen Bingrong), a wealthy Chinese businessman in Gold Coast, Kunzhou, applied for a French mansion in a riverside block of View Pacific Holiday Apartments (Surfers Paradise), which includes two separate houses, one six-bedroom and one four-bedroom, which will be connected by an aerial walkway.
In Tulak, Melbourne, a Chinese buyer, Qi Yang (Qi Yang, bought a luxury (St Georges Road) house on St. George`s Road from (Marina Darling), a former Mirvac executive, for A $40 million, and is now preparing to renovate it.
Jacob (Ken Jacobs) of Christie`s International (Christies International) said: "what they [Chinese buyers] do is no different from local buyers." "it`s not unique to Asian buyers," he said.
