Station: Shanghai Zenith and Hectare

station: Two of the largest properties, the 705,000-hectare Wollogorang and Wentworth station on the border of Queensland and the Northern Territory and the 639,500-hectare Balfour Downs and Wandanya station in WA, both owned by Chinese, almost accounting for the whole 1.46 million hectares reported by the register, according to Global Times China. The soaring amount of Australian land owned by Chinese investors since June has largely been driven by Shanghai Zenith, the Australian arm of real estate developer Shanghai CRED. Shanghai Zenith has settled on the purchases of the 200,000-hectare Mount Elizabeth cattle station and 189,000-hectare Yakka Munga station, both in WA, since June. A flurry of significant land sales in recent months, mostly in Western Australia , has driven the amount of Australian agricultural land owned by Chinese investors to more than three million hectares, more than double the 1.46 million hectares reported by the Australian Taxation Office in June. The developer has also attained approval from the Australian Foreign Investment Review Board to buy more than 400,000 hectares of pastoral land in WA Goldfields region and is part of the likely-successful bid by Gina Rinehart, Australia richest woman, to buy the nation largest network of cattle stations, S Kidman and Co. Danny Thomas, regional director of agribusiness with real estate consultant CBRE, said the boom in Chinese investment in Australia reflected the interest from foreign investors worldwide. "The market is as active at the moment as I've seen it in my professional career," Thomas told Fairfax Media on Monday. Shanghai Zhongfu, a rival real estate developer, purchased the 476,000-hectare Carlton Hill station in WA for 75 million US dollars. (news.financializer.com). As reported in the news.