CHINESE DEVELOPERS here to stay, unperturbed by government measures to cool foreign buying

The Greenland Centre Sydney, which is due for completion in 2020, will be the tallest residential tower in the harbour city, sitting at 235 metres high or 67 floors.

The Greenland Centre Sydney, which is due for completion in 2020, will be the tallest residential tower in the harbour city, sitting at 235 metres high or 67 floors. Photo: Anna Anderson

WHAT THIS MEANS …

Both companies will proceed undeterred because the Sydney population is still growing through not only high immigration but VISA Manipulation (View our Website … it’s about gaining RESIDENCY)

It appears these two companies and other big developers have it all stitched up with new developers blocked from entering the Sydney market.

Other countries are competing for their business but Australia remains a strategic investment destination … “One Belt One Road” and the “Silent Invasion” 

The May 2017 FIRB Budget Reg restricting the sell-off overseas to 50% is easily worked around through the Proxy Buyer. The restriction only applies to projects of 50 dwellings or more …

 

Chinese developers here to stay, unperturbed by government measures to cool foreign buying

 

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