China Based Developers Flood Melbourne

CHINA-based developers are swarming to redevelop Melbourne residential projects, with 11 projects, yielding some 3000 flats on the cards.

Last month the Jiangxi-based Lyz Group paid the Deague family about $23 million for a major residential development site in Daly Street, South Yarra.

North of the city, Chinese developers are also behind a controversial redevelopment of the Northcote AMF Bowl Centre.

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