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Local developers Andy Zhang and Paul Lin are hoping to flip a site in Melbourne’s north for $200m, having paid just $35m for it five years ago.
One of Australia’s biggest home builders and developers has sold $120m worth of land assets in the space of 18 months.
Nippon Telegraph and Telephone Corp is emerging as a big player in the city’s housing market after buying its fourth site.
The former 45.3ha farm, which can support almost 500 housing lots, was sold by the Verrocchi family to development giant Central Equity.
Melbourne-based Jinding has snapped up two sites in the city’s north for $130m while the Clyde Town Centre site has been bought by Sydney’s Bathla Group.