Proposed new fees for foreign buyers of real estate are looming as a potential impediment to offshore investment in Perth’s apartments sector, at the same time local developers are shifting their focu
Apartment developers are shrugging off concerns of oversupply in key markets, a slowing pre-sales environment and falling rental values, pushing on with plans for significant new projects, both in the CBD and suburban areas.
The eastern edge of Northbridge is emerging as Perth’s next hotspot for apartment development with four new projects proposing more than 600 dwellings or hotel rooms seeking approval.
Chinese developer JiaHe Jian Group has launched its first Western Australian project – a $100 million, two-tower office and residential development overlooking the zoo in South Perth.
21 Aug 2014
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