Developer Holder East Focuses on Offices due to Ongoing Apartment Slump

Chinese developer Holder East has submitted new plans for an 83-metre commercial tower, signalling a new direction as interest in the group’s residential projects has dramatically slowed. After selling less than 10% of its Oasis Residences apartments in the project’s first six weeks, the developer is forging ahead with plans for a new office tower at its La Trobe Street…