Foreign investors buy 25% of commercial listings in Melbourne: Savills

Asian investors have recently spent a combined $257 million on commercial property in Melbourne with foreign investors buying 25% of commercial property listings in the city, according to Savills Australia.

Two Singaporean firms have spent $226.1 million on four Melbourne properties in the past month and a Hong Kong investor spent $31.5 million on an office block, Fairfax reported.

Singaporean firm Hotel Grand Central spent $48.5 million on Victoria University’s 12-level office building at 300 Flinders Street (pictured below).

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Fellow Singaporean company Hiap Hoe spent $105 million on a shopping mall at 206 Bourke Street (pictured below left), $43.8 million on an office and car-park at 380 Lonsdale Street (pictured below right) and $28.8 million on a development site at 6-22 Pearl River Road  (pictured below bottom) in Docklands.

And a Hong Kong firm spent $31.5 million on Taylors House at 399 Lonsdale Street (pictured below).