Chinese property investors are acquiring real estate heavily in Manly Australia, with two deals of $3.4 million and $5 million in the past week - the local paper Manly Daily is reporting.
According to Manly Daily, No.48 Edgecliffe Esp sold this week to Chinese investors for $3.4 million, while No.7 Seaforth Cres is about to settle at $5 million to a Chinese family. (The article is full of stories of Chinese investors buying heavily around Sydney. Another agent sold a property last year to a Chinese owner of a construction company "who comes out each year to buy Sydney property between $2 million and $5 million".)
To see a list of Chinese real estate investors, check our Chinese Investors Directory
More details on Manly Daily.
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