Investments Chinese Construction Magnate Buys Greek Island by GTP editing team 7 March 2015 written by GTP editing team 7 March 2015 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 21 Photo source: CRI English A construction magnate from the southwestern province of Yunnan has bought a Greek island for 4.8 million yuan (about $770,000) following an auction on Taobao, China’s largest online-shopping platform. According to English-language website of China Radio International (CRI English), Chinese bidders bought three of four islands that were up for sale in the auction. The islands sold belonged to Greece, Canada and Fiji, while an island in the United Kingdom remained unsold. At least 48 bidders took part in the auction to buy the islands. The auction was held by the real-estate firm Ilongterm. The winning bidders will now be taken to the islands for on-site inspections and for the completion of procedures like paying taxes, commissions and legal expenses, CRI English reported. In 2014, seven overseas islands were sold to wealthy Chinese citizens. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post ITB 2015: Germans Keen on Travel, Greece Among Top Five Picks next post ITB Berlin 2015 Sets New Records You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
