'Green cards for cash' facing questionable future
Some Congress members refuse to re-authorise the visa programme which critics say encourages a 2-tier immigration system
Washington
THE original plan was to attract foreign investment to blighted neighbourhoods. But instead, the controversial EB-5 investor visa enabled affluent Chinese to park their cash in high-end real estate in Beverly Hills and Manhattan - benefiting developers such as Donald Trump and his son-in-law, Jared Kushner.
Now, the visas criticised as "green cards for cash" f…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Apple to invest US$250 million into expanding Ang Mo Kio campus
High Court dismisses China businessman’s claims against Huttons and agent in misrepresentation suit
URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offers
DFI puts its last 2 Singapore properties up for sale at S$48.5 million
Delfi Orchard up for collective sale at S$438 million guide price
US 30-year mortgage rate rises to a four-month high of 7.13%