Australia now top market for Chinese investment
Australia has become China’s top destination for commercial real estate investment, but the coronavirus pandemic has resulted in the total value of offshore investment plunging by half.
Melbourne's Rialto Towers (left of image) sold for $432.8 million. Photo: Shutterstock (Image source: Shutterstock.com)
Australia has become China’s top destination for commercial real estate investment, but the coronavirus pandemic has resulted in the total value of offshore investment plunging by half.
Data from Juwai IQI showed Australia had supplanted the United States as China’s top commercial property investment destination, as overall Chinese cross-border buying enquiries fell by 27 per cent in the three months to the end of June.
Juwai IQI executive chai…
