Australia orders China firm to sell Sydney mansion
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Canberra
AUSTRALIA'S government has ordered a company owned by China's Evergrande Real Estate Group to sell an A$39 million (S$41.4 million) Sydney mansion as it cracks down on illegal home-buying by foreigners.
Golden Fast Foods has 90 days to sell Villa del Mare in the harbourfront suburb of Point Piper, Treasurer Joe Hockey said on Tuesday. The luxury villa was purchased in November 2014 via a string of shelf companies in Australia, Hong Kong and the British Virgin Islands, Mr Hockey said.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
