Chinese buyer pays $7m in cash for prime development in suburban Brisbane, with no plans to develop

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first_imgThis property at 390-402 Benhiam St, Calamvale, has sold for $7m. Picture: realestate.com.auA CHINESE buyer has paid $7 million in cash for a huge property with two titles in the outer Brisbane suburb of Calamvale — but he has no plans to develop it.The large six-bedroom, brick home on a huge 20,400 sqm site at 390-402 Benhiam Street attracted more than 100 people to its first open home, but there was one offer the owners couldn’t refuse.A Chinese buyer has paid $7m cash for this property at 390-402 Benhiam St, Calamvale. Picture: realestate.com.auRay White Sunnybank Hills principal Eric Li, who negotiated the sale, said the buyer offered $7 million in cash unconditional with a two week settlement on the spot.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:15Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:15 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe magic of compound interest01:15“He just wanted to buy straight away,” Mr Li said.“He could see the competition and didn’t want to miss out.”GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREMr Li said the buyer had been looking for a big block of land in the area and was very keen to buy.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoThe property at 390-402 Benhiam St, Calamvale, has two titles. Picture: realestate.com.auPerhaps surprisingly, he plans to move straight in with no intentions of developing the property.Mr Li said it was another example of the appetite from Chinese buyers for property in the Sunnybank area.What is Hamptons style?Golf course home breaks recordBrisbane property on the riseThe house itself is about 25 years old and has five bathrooms and a 10 car garage.It’s close to public transport, local shops and Sunnybank.The property had been marketed as having “huge future development potential”.Calamvale is 17km from the CBD and has a median house price of $650,000.last_img read more

Cricket News Youngsters eager to display their mettle in Twenty20 series against India: Floyd Reifer, West Indies coach

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first_imghighlights New Delhi: After the disappointment of the ICC Cricket World Cup 2019, India and West Indies square off in a series of three Twenty20 Internationals, three ODIs and two Tests in the Caribbean. While the West Indies finished eighth, India was knocked out in the semi-final of the World Cup with an 18-run loss to New Zealand in Old Trafford. Now, with the World T20 to be played in Australia next year, the focus now shifts to creating a core team for the marquee event next year. West Indies are the two-time World T20 champions and they will be determined to continue their dominance against India in a format which they love. West Indies were whitewashed 3-0 in their last series against India but they enjoy a superior advantage at home, winning three out of five with one game being washed out. Speaking during a training camp in Florida, West Indies coach Floyd Reifer has said the team has a good mixture of youth and experience. “We have players like (Kieron) Pollard and (Sunil) Narine making a return to the team as well as the captain Carlos Brathwaite and they have a lot of experience at this level and in this format. The team is young, and we like to mix the experienced players with the youth. We have a very good blend. We are looking forward to the matches here in Florida. It should be a very exciting weekend, we lots of entertainment for the fans,” Reifer said.Also Read | I don’t just walk out for my team, I walk out for my country: Rohit SharmaThe sqaud also consists of youngsters like Khary Pierre and reserve wicket-keeper Anthony Bramble. Pierre had played one Twenty20 International during the 2018 tour of India and Reifer added that youngsters are eager to show their talent in the upcoming series. “We have young Khary Pierre, a very good spinner, he played in India last year and he bowled quite well. He is also a good fielder. Bramble has been around first-class cricket for a while, and he has played some very good innings for Guyana. He toured with the West Indies B team to Canada and did a great job as captain. You can see how eager he is to get out there on the park and perform at this level,” Reifer said.Also Read | Virat Kohli wants THIS person to be India’s next head coachWest Indies will play three Twenty20 Internationals beginning on August 3 and August 4 in Florida as well as the final match on August 6 in Guyana. After the Twenty20 series, India will play three ODIs followed by two Tests which will be part of the new World Test Championship, which has already begun with the Ashes contest between England and Australia at Edgbaston. India has won only one T20I against West Indies in the Caribbean.India defeated West Indies 3-0 in the last T20I series.India will play three T20Is, three ODIs and two Tests in West Indies tour.center_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more