25.04.2013 - Chinese investment boom in properties of Seoul metropolitan area
More than 2,000 people flocked to the first floor of Sydney`s Town Hall in Australia on April 14. Ethnic Chinese living in Australia and those flying from China and Hong Kong participated in the “2013 Chinese Sydney Property Expo,” which introduced realty products in Australia to Chinese investors who have emerged as “big shots” on the global real estate market. Twenty seven companies installed promotional booths and introduced apartments and high-end houses worth between 700,000 and 8 million Australian dollars each, in a race to sell them. With the Korean property market in a protracted slump, domestic investors have shunned real estate investment, but foreigners are creating increasingly strong investment fever in the realty market here...............................................Full Article: Source
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