A NEW multimillion-dollar housing “enclave” is being marketed almost exclusively to Chinese investors who are paying up to $3.5 million for a foothold in Adelaide’s exclusive eastern suburbs.

In the past two weeks, developer Veritas Liberte — which means “true freedom” — has sold nine house-and-land packages in Delbridge Court, Beaumont, worth between $2 million and $3.5 million each.

Another 15 packages are to be sold on the 2.5ha site which offers some buyers uninterrupted views of the city.

Veritas Liberte, owned by Adelaide businessmen Luke Foster and Benny Xiong, is selling the properties through seminars in Shanghai as well as through their office in Halifax St.

Mr Foster and Mr Xiong bought the development site from a previous developer who struggled to sell blocks during the global financial crisis.

Rather than just selling land and waiting for people to build, Mr Foster and Mr Xiong’s company is a “one-stop service” for Chinese buyers, offering design and construction services and putting them in touch with immigration agencies and banks.

“The process has been very vague for them (until now),” Mr Foster said.

“They haven’t had a definite process to follow in terms of getting here and settling here so what Benny has driven within our company has been to refine that process to assist those people in real-estate buying and building a home but also helping them with that transition from Shanghai or the rest of China to Adelaide.

Mr Foster said buyers can only build houses on the land through his company which he said ensured the high standards and feel of the “enclave”were controlled.

“We want to make sure everything that’s built in that enclave is of a superior standard,” he said.

“What a lot of these people are concerned about is they go and buy something and they don’t know what’s happening next door, down the street or whatever.

“If you’re going to spend a significant amount of money, you want to have some guarantees and some certainties about what’s going to be around me.

“The other thing particularly for the Chinese is it’s all relationship-based — and they love the Burnside Council area.”

Veritas Liberte commissioned Chinese animation company SilkRoad to create a computer-generated video of how the development would look when all the houses were completed.

It promotes Beaumont as being one of Adelaide’s most exclusive suburbs and close to schools and universities.

Mr Xiong said the video helped explain to Chinese buyers more about Adelaide and the location of the development.

They normally looked at Sydney and Melbourne when wanting to invest in Australian real estate, he said.

“These people haven’t been to Adelaide and want to know more so we had to paint the picture about everything,” Mr Xiong said.

The blocks sold to date are in stage one of the development, which has access from Duncan Rd and Delbridge Court.

Stage two is on the other side of Delbridge Court, off Waterfall Gully Rd.

Stage three, which includes the most expensive blocks with views of the city, will go on sale soon.

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