Australia property bust

[winnipegjets]

Moved in Aug 2018 and in 2019, it is worthless!

 

[eatshitndie]

sama sama at the millennium towers in sf.

 

[nayr69sg]

Is it made by China?

 

[eatshitndie]

Is it made by China?

these aussies mng chai si. teaming up with prc developers on building bigger taller towers hoping to densify their designs to sell more units with higher margins. posted about this before the new year on another thread.

https://theurbandeveloper.com/articles/ecove-team-chinese-developers-400m-sydney-project
Ecove Team Up With Chinese Developers For $400m Sydney Project

A partnership has been formed between Hong Kong-based Aoyuan Property Group and Sydney development company Ecove to build a residential tower in central Sydney, with a reported end value of $400 million.

The prime site, located at 130 Elizabeth Street currently contains an office building, which will be converted into a 38-storey apartment building with 148 apartments and a number of retail shops.

The construction of the Elizabeth Street building should commence shortly, as Stage 1 development approval has been granted to the partners.

Aoyuan and Ecove have announced that the project designers will be Bates Smart, who won the design competition for the building.

The partnership marks Aoyan Property Group’s first development on Australian soil, adding to their 12-million square metres of property in China.

Aoyuan Property Groups Vice President, Jacky Chansays the joint venture is a crucial step to their bridging into the Australian market.

“While we have strong development credentials in China, we recognise the need to partner with a prominent Australian developed in Ecove to bring the vision of this iconic project to life,” Mr Chan said.

The site of the proposed building is a prime developmental location, looking over Hyde Park to the Opera House and Sydney Harbour, then south as far as Sydney airport.

“We believe that together with Ecove we will give Sydney a building of international significance that does justice to its world-class location and maximises the stunning 280-degree views,” Mr Chan said.

Ecove is no stranger to high-profile property transformations, being the company who converted Sydney’s Olympic Park into a residential suburb, a ongoing project.

Ecove is also currently completing construction of four towers along Australia Avenue at Sydney Olympic Park, which will conclude the development of the park into a fully functioning residential suburb.

 

[Leongsam]

As long as you keep repeating the mantra "never trust the Chinese" you will live life in peace and harmony.

Trump tower had no Chinese involvement and it is a pillar of strength and longevity. This proves that Trump and the Ang Mohs are the best!

 

[winnipegjets]

Opal Tower was build on reclaimed land that used to be a swamp and is less than 300m from another mangrove swamp.

https://www.dailymail.co.uk/news/ar...truction-group-built-troubled-Opal-Tower.html

They should have seek the expertise of our HDB guys ...they have been building hundreds of blocks on reclaimed land, no problem. SINKapore is the bestest.

 

[zhihau]

The PRC are fucking everything everywhere. SEA, down under and ALSO in Africa!

NB... buying up companies, buying up hospitals, buying up land, buying up what-ever shit you can think of- the PRCs won't care less as long as it can generate money efficiently or in some cases remotely.

 

[syed putra]

Why would australians wanna live in apartment blocks! These are meant for china buyers!

 

[LordElrond]

Aussies 没见过世面。150k loss they consider it disaster.

 

[mojito]

Aussies 没见过世面。150k loss they consider it disaster.

White man always exaggerate. Tat why they such good salesman and CEO deserve millions. Just like PAP.