Chinese investors are spending 1 billion yuan on a piece of development and are eyeing a project to develop a luxury island resort on the Great Barrier Reef, according to couriermail.com.au.
Other Chinese tycoons are keen on this "resort-style lifestyle", says billionaire Han (Willian Han,.
William Han is a White Horse media mogul and owner of Lindeman Island. "many of us work hard in China to make money," he said. I think most people are looking for a second home. "
William Han has been approved to build an eco-resort in Lindeman at a cost of 583 million yuan. He said the tropical island resort is attractive to the Chinese because it can relax enjoy a quality life and is a good project for long-term investment.
China remains Kunzhou's largest and most valuable international market. Spending on staying here rose 11.7% to 1.14 billion yuan, while visitor numbers rose 3.8% to five hundred and two thousand nine hundred and ninety nine.
In addition, three Chinese companies are bidding for Great Keppel Island. The right buyer will be chosen in the next two weeks.
It is reported that the, Great Keppel Resort has a 100-year lease agreement. Property tycoon Terry Agnew offered between 25 million and 30 million yuan for the 162-hectare site.
Tom Gibson, vice president of JLL, is the director of Great Keppel's global marketing campaign. "investing here is a way for Chinese buyers to enter a safer market like Australia," he said. In addition, they also like Australia's eco-friendly islands compared to the real estate being sold by China's mainland. In the first quarter of 2018, Chinese tourists had already set a record. "
Mining and commercial real estate are the two biggest Chinese investments in Australia, according to the latest data.
The islands of Daydream and South Molle in Whitsundays, Heron and Wilson in Gladstone, and Double in Keynes are all under the Chinese name. Over the next five years, the upgrading of these islands will cost more than 1 billion yuan.