The billionaire owner of China’s Evergrande real estate bought one of the poshest homes in Sydney last year for A$39 million ($30.5 million). But now Xu Jiayin, who also owns Guangzhou Evergrande football club, has 90 days to sell off… Read More>>
Australia to Tax Foreign Home Buyers and Why It Won’t Matter
Australia announced last week that it is putting in place new barriers to foreign purchases of homes in the country, and will start enforcing existing regulations, following a wave of Chinese investment that saw real estate prices in Sydney rise… Read More>>