Chinese foreign investment drops 69%; Singapore takes over as biggest investor in Australian property

Chinese foreign investment drops 69%; Singapore takes over as biggest investor in Australian property

While capital inflow from China to Australian property is slackening, Singapore has emerged as the country’s largest foreign investor.

The SMH reports that, compared with the first half of last calendar year, Chinese investment in Australian real estate fell 69 per cent. New rules from China’s State Council has influenced the descent, with overseas casinos and defence technology banned from investment, and while property development and hotels have been classified as restricted.

Despite this, Australian commercial real estate is still in line for a sturdy year: Singapore has accounted for China’s missing presence and taken over as the largest source of foreign capital, while Hong Kong investors have recently been responsible for landmark deals across the nation.

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