Local buyers join the Chinese treasure hunt

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Coming from a much longer tradition of living in high-density cities, apartment buyers with some kind of Chinese heritage usually opt to buy close to transport hubs, shops and restaurants.

  

 

''Fundamentally, they are savvy buyers and particularly good at buying off the plan, probably because they're better educated when it comes to real estate as they're accustomed to apartment living, and most in China and Asia are sold off the plan,'' Carfi says. 

According to Haig Conolly, the director of sales and marketing with developer Crown International, 

• buyers of some Chinese heritage like to live in developments with facilities like pubklic transport, 5-star restaurants, top-class shopping malls and employment close by (Anglo-Australians are following the same direction too!!)
• They also like small boutique apartments as long as they are well located (Looks like the saying Location! Location! Location! still very much exists and is so so so important)   
•  Primary reason : There is a certain aspirational quality that comes from whre you live and general lifestyle attributes

 

''Their criteria for buying - well located, in good transport nodes and well serviced by amenities - are excellent, and good feng shui in facing north-east makes perfect sense, too.'' 

Chinese buyers are now a significant part of the market!

Developers are ensuring that they are included as potential purchases. As it is Crown and Mirvac are launching off-the-plan buildings at home AND overseas