Mansion bought illegally in Sydney sold: Treasurer
Canberra
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 …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co