Chinese property heavyweight muscles in on land development

By Simon Johanson
Updated December 7 2016 - 1:18am, first published 12:15am
Farmland is making way for housing developments in Point Cook. Photo: Isamu Sawa
Farmland is making way for housing developments in Point Cook. Photo: Isamu Sawa
Dahua starts its $1 billion master-planned estate of New Breeze.
Dahua starts its $1 billion master-planned estate of New Breeze.

Chinese property heavyweight Dahua Group has outmuscled local developers to snap up a billion-dollar land pipeline in a buying spree that has handed a wealthy family, a syndicate of landowners and two young property players a $347 million windfall.