Rich Chinese turn to foreign property after stockmarket rout
Critics in London, Sydney, Vancouver are blaming them for pushing up already spiralling prices
Sydney
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 that in the past week alone, he has sold two new apartments and shown a A$13.8 million (S$13.9 million) house in the harbourside city to Chinese buyers looking for an alternative to stocks.
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