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Chinese developer Datong pins hopes on Chinese buyers for Adelaide apartment project

By Juwai, 08 April 2013
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Before construction even starts, Chinese developer Datong has already sold half of the project's 96 apartments in Adelaide, Australia, and about half of those buyers were mainland Chinese.

The A$36 million apartment building, named Aria, is scheduled to begin construction this week. Datong has bought four sites in Adelaide, with plans to build 1,000 apartments and also a hotel. It will build Adelaide's tallest residential building as well, the 75-metre-tall 123Flinders. Permanent residency considerations are a major part of Chinese buyers making the decision to invest in Adelaide.

Read more on BRW.com.au.