|By Marketwired .||
|April 8, 2014 12:00 AM EDT||
HONG KONG, CHINA -- (Marketwired) -- 04/08/14 -- Colliers International's integrated capital markets platform has just scored another success by helping Greenland Holding Group, one of China's biggest state-owned property developers, to acquire its second project in Sydney, Australia. The deal is for a 10,130-square-metre residential plot on George Street, in the city's Central Business District (CBD). The completed development will consist of five towers containing about 300 deluxe apartments.
According to Eric Lam, the Managing Director of Colliers International South China, "The units are scheduled to go on the market officially during the fourth quarter of 2014, and we expect them to sell quickly."
Lam also points out that Sydney has become a top-tier international metropolis in recent years. "The government's economic stimulus policies, the city's population growth, and a long-term shortage of stock mean that the Sydney residential market still has enormous potential for value appreciation in the coming few years."
More than 50% of buyers in Sydney's CBD are Asian nowadays. Most of them are Mainland Chinese attracted by Australia's streamlined immigration policies and the well-established local Chinese community. That is in line with the accelerating trend for Asian real estate investors to extend their geographical boundaries to include Europe, Australia and the United States.
The total value of investments from Asia elsewhere in the world has grown rapidly, from around US$1 billion in the year 2000 to more than US$30 billion in 2013. Mainland China, Hong Kong and Singapore account for the lion's share of those investments.
"Greenland Holding's latest deal highlights its optimism about the Sydney property market, and it reflects Colliers' own in-depth understanding of both the local market and the specific goals and requirements of Chinese investors seeking overseas property assets," adds Terence Tang, the Managing Director of Colliers' Asia Capital Markets and Investment Services. "Seamless collaboration is key in cross border transactions. The Australian and the South China teams worked closely to deliver the best solution to Greenland. Our integrated capital markets platform enables us to connect Asian investors with overseas property opportunities."
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of 485 offices in 63 countries.
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 29, 2016 01:00 AM EDT Reads: 2,298
Sep. 29, 2016 12:15 AM EDT Reads: 482
Sep. 29, 2016 12:00 AM EDT Reads: 2,929
Sep. 28, 2016 11:30 PM EDT Reads: 3,952
Sep. 28, 2016 11:30 PM EDT Reads: 2,727
Sep. 28, 2016 10:30 PM EDT Reads: 3,061
Sep. 28, 2016 09:15 PM EDT Reads: 353
Sep. 28, 2016 08:30 PM EDT Reads: 1,715
Sep. 28, 2016 08:15 PM EDT Reads: 343
Sep. 28, 2016 07:00 PM EDT Reads: 1,627
Sep. 28, 2016 06:45 PM EDT Reads: 4,153
Sep. 28, 2016 06:30 PM EDT Reads: 3,119
Sep. 28, 2016 06:15 PM EDT Reads: 305
Sep. 28, 2016 06:00 PM EDT Reads: 1,777
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 28, 2016 05:15 PM EDT Reads: 261