A project in Sydney Wanda Dalian - ABC screenshot
The desired standards will become the new hotel and apartment buildings in the city of Sydney, in an expensive project in Sydney, has yet to form a serious lack of funds.
Group projects worth billions of dollars including two skyscrapers belongs to Dalian Wanda Group, a group of powerful economic Chinese.
Because of the lack of funds to cover the blanket
Construction in Sydney is still in progress, but the tortoise climb, come or go, told ABC radio.
However, it is still more luck than eyes before the price in many other places. When China investors will start, many real estate projects in Australia and in other cases the boss because of a lack of money.
In 2016, commercial real estate developers China holds more than 38% projects in Australia so high proportion of the part from the Australian government's encouragement and cheap land. The report shows that in March this year, housing prices in the city is always lower than big China in Australia's biggest city price.
"Chinese construction company took the price of real estate in Australia, it is difficult to find the money to complete the project. In fact, they are fleeing from these large projects, all of the deposit accounts is credible", your heart is the Murray analyst research and consulting firm J capital investment, told ABC radio.
It all began to change, because of the Beijing government's instructions. Worried about the dollar and the renminbi stable domestic financial market, the government controls China money overseas.
In fact, the government has been encouraging investment in China mining areas, agricultural and industrial water in this country.
This is almost all were allowed to invest in real estate projects, such as hotels, apartment-like sports (football team buying) and paralysis in the film to add to the list.
Billionaire Dalian Wanda Wang Jianlin is representative of many of the company's special monitoring in Chinese. So, can understand Sydney's future is in scale.
And many other projects are in the same situation. The construction progress fast or slow, now mostly depends on the signal from Beijing.
A few months ago, the country garden, the development of an enterprise, Hongkong real estate, spent $4 million a piece of land in the suburbs of Melbourne city. People may see the first apartment in 4000 will soon appear in the current situation.
In theory, if the investment Chinese, somehow, the transfer of funds to the customer before the completion of the sale of the house or the projects and enterprises, not worry about the current lack of funds in time.
Because of concerns that will transfer to the buyer when the project, they will invest the money in the lens mold, if the team can not find the source of the task.
In Australia, the bank may be saved as the project, but the condition is 100% projects is an Australian citizen.
In fact, according to experts, David Chin, Chinese many businesses are looking for external funding to a bank account in Australia, because they do not meet the above conditions.
The Australian government encouraged investors and real estate developers Chinese believe that after the completion of these projects will help to change the environment, create more space and life benefits, Australia.
However, before the completion of the project has been sold to individual countries, this ratio is often 50%.
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