Chinese property investors set for hotel grab in 2016

The Australian Financial Review (AFR)

Chinese property investors might have favoured residential property in Australia but that is all about to change. The next 12 months will be the year Chinese investors also turn their attention to commercial property, in particular hotel investments and development. “From what we can see, some might diversify into commercial investments, there’s a significant commercial investment inquiries over the past few months, due to less restrictions and regulations [in commercial properties],” Chinese property website ACProperty.com.au director Esther Yong said. New investment house, specialising in technology and property investment for Asian institutional and high net worth investors, Taronga Group said it has observed “unprecedented interest from across Asia seeking quality hotel and leisure based investment in Australia.” “This is logical, with astute investors positioned to take advantage of the rapid growth in Asian discretionary spend on tourism and leisure experiences outside their home markets,” managing director Avi Naidu said…