Real Estate Forum, Beijing China Wednesday, 31 October 2007 HYECORP Property Group Director Michael Abolakian and Development Director Stephen Abolakian addressed the 3rd Annual Chinese Real Estate and Finance Forum held at The Westin Hotel, Beijing on October 25-26 2007.

The annual forum is the official gathering of all the key figures in Real Estate and Finance from all areas in China as well as many high-profile speakers from around the world. The forum allows Chinese property developers, investors and financers to discuss the key issues affecting the Chinese real estate market, with this years focus being new ways to gain funding for development projects.

The representatives from the HYECORP Property Group explained to the 500-strong crowd of local Chinese developers the development process in Australia and the various Australian real estate investment and development financing methods-one of the most advanced in the world.

The emerging solution for local property companies was the need for access to Australia's famous Listed Property Trust market, also known as Real Estate Income Trusts (or REITs). "The Chinese real estate market is still very young and has a lot to learn. We were able to give them an insight to the Australian market, especially project financing methods found in Australia," says Mr Michael Abolakian. "The Governments new regulations to prohibit banks from financing
development projects has made local developers very nervous. They are now looking offshore to countries such as Australia to not only seek financing for their projects but also as new investment markets."

"We believe that HYECORP Property Group is in a great position to offer these developers some answers."

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