Insist on “doing an overseas extension of the domestic m88 casino app” This year’s overseas revenue is expected to exceed 2 billion
m88 casino app advances into Australia. "m88 casino app Center" super high-rise apartment is located in the center of Sydney
Becomes the largest single m88 casino app by a Chinese real estate company in Australia
Recently,m88 casino app Group and Canadian fund giant Brookfield Group reached an agreement and signed a formal contract on the acquisition of an office building and a historically protected building at the intersection of Bathurst Street and Pitt Street in the CBD area of Sydney, Australia,Will invest in the construction of the future Sydney's tallest apartment building in the center of Sydney - the "Sydney" with an altitude of more than 240 meters?m88 casino app Center” and supporting businesses and high-star hotels。This move marks the steady expansion of the “m88 casino app Center” brand series across the country,will move overseas for the first time,Becomes the largest single investment by a Chinese real estate company in Australia,Opening the door for m88 casino app brand to enter the Australian market。
According to the agreement signed this time,This project is located in the heart of Sydney,Next to Hyde Park,The total area is 3969 square meters,The current situation is a 24-story office building and an 8-story historical protected building。After m88 casino app purchased the project,It is planned to redevelop and transform the original 24-story office building into a high-rise apartment with an height of over 240 meters, The original 8-story historical protected building will be retained and transformed into a high-star boutique hotel。The planned total construction area is about 80,000 square meters,The apartment building part is about 6.40,000 square meters,The hotel portion is about 1.60,000 square meters。The total investment of this project is about 4.AUD 800 million,After approval by relevant Chinese government departments,Construction will officially start within the year,Start sales in early 2014,The development cycle is 4 years。
Since 2012,m88 casino app’s overseas operations have successively landed in Asia、Europe、Three countries in Oceania。The first batch of products from the Jeju project in South Korea will be pre-sold soon、Gradually entering the investment harvest period,While the independent hotel brand enters Frankfurt, Germany,m88 casino app is further replicating the overseas investment business model of “doing overseas extension of the domestic market”,Pursue victory and advance into the Australian market。To enter the Australian market,m88 casino app Group has conducted a full and in-depth market research for one year、A large number of investment project information analysis, selection, inspection and negotiation,Identified two key intention projects that are in line with its own investment strategy,Except for the Sydney project where the formal contract was signed,The Melbourne project has also signed a memorandum of cooperation,It is expected to sign a formal cooperation agreement in the first half of this year。
In terms of the overall investment environment and market space,Australia’s economy has maintained stable development in recent years,The government further increases its efforts to encourage foreign investment。In terms of real estate market development,Australian house prices have maintained a steady growth rate over the past seven years。As a country of immigrants,The entry of new immigrants has brought sustained and stable demand for home purchases,Including immigrants from China;As a country rich in high-quality educational resources,m88 casino app and Melbourne, as cities where excellent institutions of higher learning are concentrated, are also favored by international students,This has also brought about strong demand for home ownership and investment,It is expected that the above strong market demand will continue,Broad market space。
Based on the above external favorable factors,m88 casino app Group’s entry into Australia for investment and development also benefits from its own advantages in several aspects,One is brand advantage,m88 casino app Group’s brand influence and appeal will help open up the market as soon as possible,At the same time, as a leading enterprise in the industry, a good cooperative relationship with financial institutions is conducive to obtaining better financing support。The second is market advantage,m88 casino app Group’s nationwide market channels and high-quality customer resources will help drive the overseas expansion of the Chinese market。m88 casino app’s understanding of the Chinese community and its professional advantages in operating real estate business,will help the company develop business overseas。The third is the business model advantage,Preliminary exploration of m88 casino app’s Jeju project in South Korea、Accumulated and optimized investment development、Resource allocation and sales model, etc.,Both will lay a solid foundation for Australian projects。