Chinese Group Buys Camelot Estates Property in $17.6M Deal

Zhong An Real Estate (Canada) Ltd. has acquired a much publicized single family estate development site in the British Properties area of West Vancouver referred to as Camelot Estates. The 5.4 acre site, which has preliminary approval for a 12-lot high-end subdivision, sold for $17.6 Million, or approximately $1.5 Million per lot. It is unknown if the new buyer will pursue the same proposal as the previous group.