Why Australia praises expertise of Chinese developers

SYDNEY - The expertise and experience of a Chinese property developer leading the way in the creation of a new Australian mega city is attracting industry praise and debunking China stereotypes.

In the eyes of Australian urban planners, China is no longer just the world's factory. It has become a hotbed of rising talents who are showcasing their smarts through cutting-edge buildings and landmark property developments.

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Starryland Australia, a local division of Fuxing Huiyu, is behind the Promenade, one of the biggest developments in the booming city of Parramatta in western Sydney.

Parramatta has $8 billion of property development in the pipeline, which is set to transform it to become the fourth largest CBD in Australia ahead of Adelaide and Perth. It is the fastest growing city in the nation.

Parramatta's rapid pace of development is exciting and new for the Australian public, but Starryland Australia director Hao Liu said his company's seen this development boom before in China.

Its major project in Parramatta, which is its first in Australia, was just a normal size apartment block in China.

There has been a rush of Chinese property developers and investors coming to Australia in recent years. In fact, China is the largest foreign investor in Australian residential property, with buyers spending $5 billion last financial year, according to Credit Suisse.

Sydney property agent Andrew Antonas said a majority of Chinese developers are professionals and praised the expertise they are bringing to the table.

"About 80 percent of the Chinese developers that are here and developing are professionals and they're very good at what they do and they're bringing a lot of smarts to the industry," he told SBS.

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