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

Juventus, Napoli pull clear in Serie A

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first_img0Shares0000Juventus’s forward Mario Mandzukic scores during the Italian Serie A football match against Fiorentina on September 20, 2017 at Allianz stadium © AFP / ALBERTO PIZZOLIMILAN, Italy, Sep 21 – Champions Juventus and Napoli pulled clear at the summit of Serie A as they continued their faultless campaigns on Wednesday as Inter Milan fell behind.Croatia forward Mario Mandzukic scored for Juventus in a 1-0 win over old foes Fiorentina in Turin as Napoli rallied from a goal down to beat Lazio 4-1 in Rome. Juventus and Napoli have a maximum 15 points after five games, two ahead of Inter Milan who were held 1-1 at Bologna on Tuesday.Stefan de Vrij had given Lazio a half-time lead over Napoli, but the hosts hit back in the second half with three goals in a four-minute spree including a stunning Dries Mertens strike.After a tense first half Mandzukic found the opening for Juventus with a diving header after 53 minutes off a Juan Cuadrado cross.Fiorentina were reduced to ten men for the final half an hour after midfielder Milan Badelj saw red.“These games teach that to win you have to suffer, 1-0 is a good result,” said Juventus coach Massimiliano Allegri ahead of this weekend’s Turin derby.“Napoli, like Inter, Milan and Rome are our rivals. We have to advance calmly, step by step. The derby will be a nice match, we will have a few days to recover.”Napoli routed Lazio in the second half despite Simone Inzaghi’s side having gotten off to a flying start with defender De Vrij opening the scoring after 29 minutes.Juventus’s forward Gonzalo Higuain (C) fights for the ball with Fiorentina’s defender Vice Laurini (R) during the Italian Serie A football match September 20, 2017 © AFP / ALBERTO PIZZOLIBut injuries to defenders Bastos and then De Vrij turned the tide in favour of Napoli with three goals in the space of a frenetic four minutes.Senegal’s Kalidou Koulibaly got the equaliser after 54 minutes and then Jose Callejon added another two minutes later followed by a superb Mertens effort, before Jorginho added a fourth from the spot as the clock ticked.Skipper Mauro Icardi rescued a 1-1 draw for Inter Milan at Bologna on Tuesday that ended his side’s perfect start to the season.Amid an avalanche of 28 goals, all the Champions League candidates were on form, expect Lazio who sitting are sixth.– ‘Spirit’ –AC Milan are fourth after beating promoted SPAL 2-0 thanks to two penalties as Torino struggled to a 3-2 win over Udinese and are fifth.AS Roma outclassed promoted Benevento 4-0 as Eusebio Di Francesco’s side followed on from last weekend’s 3-0 win over Verona to move seventh.Edin Dzeko hit a brace in either half and provoked own goals by Fabio Lucioni (35) and Lorenzo Venuti (74) at the Stadio Vigorito.Napoli’s forward Dries Mertens (hidden) is celebrated by teammates after scoring during the Italian Serie A football match against Lazio September 20, 2017 © AFP / FILIPPO MONTEFORTEThe Bosnian hit-man had no problem infiltrating a weak Benevento defence which leaked six goals last weekend against Napoli, scoring from the right at 22 minutes and left at 52.“Dzeko did well, he could have scored more. I loved his spirit of sacrifice,” Di Francesco added.“This team was meant to be challenging for the Scudetto at the start, then after two games people said we’d be fighting for fourth or fifth, so really it’s just meaningless chatter,” he said of title talk.Crotone and Benevento are already relegation candidates with a point between them as they sit rock bottom.0Shares0000(Visited 1 times, 1 visits today)last_img read more