Donald Choi, managing director of Nan Fung Development raises his paddle during a property auction in Hong Kong on July 28, 2010. The Hong Kong government has auctioned a building site in the Peak district of the island to Nan Fung Development for 10.4 billion Hong Kong dollars (1.33 billion USD) at a government auction. AFP PHOTO/MIKE CLARKE (Photo credit should read MIKE CLARKE/AFP/Getty Images)

Chinese investment in foreign real estate reached a record $133.7 billion in calendar year 2016.
While investment has slowed somewhat in 2017, it’s still projected to top $100 billion by the end of the year according to Chinese property listing website
In determining the total amount of property investments in Australia, used separate figures from the Foreign Investment Review Board which are compiled by financial year.
Of the total amount invested, Chinese buyers purchased $23.8 billion dollars worth of Australian property in the 2016 financial year. That was up from $18.4 billion in the year before.
While demand remains strong, Australian property investments by Chinese buyers are unlikely to remain at last year’s levels once results for the 2017 financial year are released.
“In Australia, we see that investment flows have decreased markedly from their peak, while remaining strong by historic standards,” said Sue Jong, Chief of Operations for
“Capital controls, bank lending …