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Asian investors snap up Queensland properties
Brief:Chinese and other Asian investors now dominate as the biggest foreign buyers of property in Queensland.
Asian investors now dominate as the biggest foreign buyers of property in Queensland.

Latest figures from the state's Registrar of Titles show Malaysian investors topped the list, with purchases totalling $303.8 million.

Buyers from Singapore, China and Japan took the next three spots. Investors from the four countries accounted for $744 million worth of property deals - more than half the $1.2 billion spent by overseas purchasers.

It continues a trend set the previous year when South Koreans pipped Singaporeans as the top buyers, nudging out traditional sources of investment such as Britain and the US.

The biggest deal last financial year was the $287 million sale of Santos Place, a 40-storey, six-star green office building in Brisbane's Turbot St by Nielson Properties to one of Malaysia's largest pension funds, Permodalan Nasional Berhad.

Research released by real estate services firm Jones Lang Lasalle reveals nearly a third of buyers of Australian commercial property last year were from overseas, spending $5.2 billion.

Juwai.com
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