Mansion bought illegally in Sydney sold: Treasurer
Add BT as a preferred sourceCanberra
A US$30 million mansion overlooking Sydney's harbour that was illegally bought by a Chinese-controlled company has been sold to an Australian citizen, Australian Treasurer Joe Hockey said on Friday.
The sale of Villa del Mare, a six-bedroom Mediterranean-style home in the city's affluent Point Piper suburb, was ordered by Mr Hockey earlier this year as part of a crackdown on illegal buying by foreigners blamed for helping fuel a surge in house prices. Mr Hockey said around 100 other similar cases were being looked into.
TRENDING NOW
MedPark’s assistant CEO runs a hospital where patients, physicians precede profits
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
