Hot on the heels of data yesterday showing that roughly one in 20 Melbourne off-the-plan (OTP) apartment buyers abandoned their purchases in June, Robert Gottliebsen (“Gotti”) claims that Chinese are walking away from OTP contracts in Sydney:
The unthinkable has started to happen. The mass of Chinese property buyers who snapped up Australian apartments “off the plan” on the basis of a 10 per cent deposit have started to walk away from their agreements in Sydney.
