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China's rich seek shelter from stock market storm in foreign property

2015-07-12 06:57:13| Real Estate - Topix.net

Realtors in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai's equity markets. Sydney realtor Michael Pallier said in the past week alone he has sold two new apartments and shown a A$13.8 million house in the harbourside city to Chinese buyers looking for an alternative to stocks.

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