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Buyers snap up units in China developer's Sydney project

241 out of 250 units offered in first stage of Greenland Centre sold

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Sharp rise: Apartment prices in Sydney jumped 11 per cent this year to Nov 30, and climbed 7.2 per cent in Melbourne, the fastest in Australia. - PHOTO: BLOOMBERG

[SYDNEY] Greenland Holding Group Co, one of the largest Chinese investors in the United States, sold about A$275 million (S$312 million) of apartments at its first Australian project as buyers snapped up almost all of the units offered. The state-owned developer sold 241 of 250 apartments