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

You ain’t seen a home in Stafford like this before

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first_imgMulti-level living.With the backyard facing the parklands, an expansive balcony on the top floor, and a deck on the lower levels, the home was built to embrace the breeze and the views. “We can see across to the northern suburbs of Brisbane and off to Moreton Island,” Mr Cox said. Take a look inside.FOR a street filled with weatherboard homes and old Queenslanders, the curved otherworldly home at 16 Longland St sure does stand out.The four-storey home was a passion project for its owner Peter Cox who bought the block of land last decade.The block overlooks a parcel of council parkland, so he wanted to build something that not only embraced the view, but did it in a unique way. The home was designed by a prominent architect.“I don’t know what style I would call it, maybe contemporary,” Mr Cox said.He hired a prominent architect to map out his vision, and the home was built in 2008.“It was exactly what I wanted,” he said.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours agoThe home uses the block’s 401sq m space to maximum efficiency. Although it is technically four levels, two are split as ‘half levels’ with just five steps between the first and second floor and the third and fourth floor.Mr Cox said the layout was good for privacy, with it giving a strong sense of separation between the upper and lower levels.center_img Even the bathroom has a view.The curved and high ceilings and large windows also keeps the home cool all year round. “There is no airconditioning because there is no need for it,” Mr Cox said. He felt it would be the perfect house for an executive couple or a family with teenagers.It will go under the hammer on site at 6.15pm on Wednesday, March 28, through Harcourts Solutions.last_img read more

India’s best-ever medal haul coincides with record viewership

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first_img First Published: 3rd October, 2019 23:34 IST FOLLOW US Suman Ray WATCH US LIVE LIVE TV COMMENTcenter_img Written By Last Updated: 3rd October, 2019 23:34 IST India’s Best-ever Medal Haul Coincides With Record Viewership The World Wrestling Championships saw Indian wrestlers return with their biggest-ever haul of medals; the sport has also scaled a new high in viewership SUBSCRIBE TO US The recently-concluded World Wrestling Championships saw Indian wrestlers return with their biggest-ever haul of medals from a single edition. That the Olympic sport is now making rapid strides in the country was validated by the series of firsts Indian grapplers achieved in Nur-Sultan, Kazakhstan.Indian Wrestlers win big While Bajrang Punia secured his third medal from the prestigious event, Vinesh Phogat added another feather to her illustrious resume by getting her maiden medal. For the first time ever, a debutant dazzled on the world stage to finish on the podium as shown by Deepak Punia. Ravi Kumar took his World U-23 Championships stellar form to add to India’s medal tally while Rahul Aware also got home India’s fifth medal from this event. What was the icing on the cake was the fact that the wrestlers bagged four Olympic quotas from the World Championships for the very first time.READ | Bajrang Punia, Ravi Dahiya win Bronze at World Wrestling ChampionshipsWrestling scales new heightsAll these historic moments were witnessed live by 6.5 million users on mobile and web platforms. The sport scaled a new high in India not just in terms of success, but also in viewership with as many as 11 million users engaging in live streaming and video content on the unique digital channel for wrestling. This on the go viewing of Wrestling in India was possible due to WrestlingTV which has the official right to telecast/stream all matches international and national for Indian Subcontinent and brought live action amounting to more than 100 hours of content from all 4 mats of the tournament straight to every Indian fan’s household. The channel has ensured that wrestling lovers don’t get to miss out on India’s prime Olympic sport. Wrestling TV next will live stream 33 days of live match content over the next two months. The mega live streaming bonanza this month will start with the World Veterans Championships from October 8 followed by the most-awaited UWW World U-23 Championships, that saw Ravi Kumar take silver medal last year, the tournament will be aired from October 28.READ | Vinesh Phogat: ‘All I want is to win the Olympic gold in Japan’Vinesh Phogat and other wrestlers gear up for World CupFresh from her bronze medal stint at the World Championships, Vinesh Phogat will return to the mat at the World Cup in Narita, Japan along with Rio Olympic bronze medallist Sakshi Malik from November 15 along with other top Indian grapplers. With the Asian U-15 Championships scheduled from November 22 and the Senior Nationals in India following just a week later, it will be a treat for the entire wrestling community as the matches will be Live Streamed for the first time on this unique digital platform.READ | Saina Nehwal: Badminton ace’s journey from Hisar to London OlympicsREAD | Deepak Punia pulls out of World Wrestling Championship due to injury last_img read more