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Online shopping extends to apartments

People & Companies / Latest News

Australia

Apr 15 2018

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Online selling group JD.com will be the first Chinese e-commerce site to offer new apartments for sale on its online platform, after signing a deal with international property platform Juwai. 

The advertised listings will include Australian properties as well as those in Canada, the US and the UK, with Sydney-based developer HCAP Developments' Gold Coast apartment project set to be the first Australian listing. 

The resort style development at 5-7 Peninsular Drive, Surfers Paradise, offers apartments for sale starting from $470,000.

JD.com was founded by its chief executive, Liu Qiangdong or Richard Liu, one of the richest people in China. JD.com launched in 1998 as a technology start up called JD Multimedia.

In Australia, the number of Chinese investors in new residential properties has stalled due curbs to foreign lending, along with stamp duty surcharge and tax  increases.

 

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