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Why top 1% wealthy Chinese bought house oversea? Joe Hockey blocks one of China's richest men from buying one of Australia's fanciest homes for $39 million because it's 'not in the national interest' Australia Treasurer Joe Hockey says the mansion in Point Piper, Sydney's east, was 'bought illegally'. When the property was bought it breached the Foreign Acquisitions and Takeovers Act 1975, Mr Hockey said Xu Jianyin, the chairman of the real estate group Evergrande, is believed to have bought the Villa del Mare in October Mr Xu Jianyin is listed as China's 15th richest man, worth $7 billion The Villa del Mare features six bedrooms, eight bathrooms and a number of living areas on 1500 square metres of land. --------------------------------------------------------------------------------------------------------- Chinese billionaire buys £80m London home and he'll spend £50m more doing it up. Moving in: the 10-bedroom mansion in Kensington Palace Gardens will be the new home of Wang Jianlin Rex China's richest man has bought a ten bedroom mansion on London’s most exclusive “billionaire’s row” street in a spectacular £80 million deal. Mr Wang, who chairs the Dalian Wanda property group that is building the One Nine Elms luxury flats development in Vauxhall, will have Chelsea owner Roman Abramovich and the Norwegian embassy as his immediate neighbors when he moves into the property. Other owners and residents on Europe’s most exclusive street include Formula One heiress Tamara Ecclestone, steel magnate Lakshmi Mittal, Foxtons founder Jon Hunt and the French ambassador Sylvie Bermann. The private road, which runs next to Kensington Palace, the London home of the Duke and Duchess of Cambridge, is considered one of the most secure in London with a round the clock armed police presence at both ends. It is also the location for the Russian and Israeli embassies. The 20,000 sq ft home was previously occupied by the Ukraine-born businessman Leonid Blavatnik, who rented it during lengthy works on his house opposite. New property owner: China's richest man Wang Jianlin ---------------------------------------------------------------------------------------------------------- This is just two examples for you to see luxury houses in Australia and London that bought by top 1% rich Chinese. How many hundreds vacant units can you buy in China for $39 million USD? How many hundreds vacant units can you buy in China for 80 million British pound? Why top 1% wealthy Chinese buy luxury houses in Australia, London and USA? While there are more than 64 million vacant units in China that became "ghost town", "ghost cities" and "empty shopping malls". In USA, Chinese buy not only houses but hotels too.    Honesty is the best policy. |
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I Google currency exchange rate. One British Pound equals to 9.59 Chinese Yuan Renminbi. Mr. Wang purchased that house in England is 80 million British Pound that approximately cost 800 million Chinese Renminbi. He paid the highest tax for British government (unprecedentedly). How many thousands empty units you can buy in China for 800 million Renminbi?? Why didn't Mr. Wang buy houses or condos to save his country from "ghost town", "ghost cities" and "empty malls"? That's my topic. Honesty is the best policy.
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All those wealthiest and the rich who has endeavored to acquire this endless measure of riches then why if they not appreciate it. I don't have anything against it,,BUT if just 1%of the wealthiest possesses more than half of the world, than i am certain on the off chance if they donate just 2% of their riches to poor people and the penniless, then we will see no destitution in this world.. Remember that saying "It's great to have money and the things that money can purchase, yet it's great, as well, to check up every so often and ensure that you haven't lost the things that money can't purchase. –George Lorim As Bill Gate and Warren Buffett, they all donated billions to charities of they chose. Bill Gate chose to donate to Africa in medical / health supplies mostly. In this blog that I am talking about the Chinese top 1% wealthiest people who bought houses in other countries rather than in China. I am worry about China real estate bubble will burst which will influence the economy globally. I was implying that Chinese government should do something to save their real estate market. I hardly see those "ghost town", "ghost cities", and empty malls go to waste for so long. I am kind of suggesting top 1% richest Chinese investors/ entrepreneurs buy properties in their own country - China. Also, they don't have Google to search those information in China, so I want use this Chinese FriendFinder to show them their top 1% richest people are NOT investing in their country but in other countries. Of course, it will be very nice to have Chinese top 1% richest to donate 2% of their wealth to poor people or charity of their choices. The majority Chinese people are living under poverty line. They are communists. so they should average out their wealth. I have been in USA for 35 & 1/2 years and always invest in USA. I am supporting my daughter to finish her medical school. Honesty is the best policy.
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The top 1% wealthy Americans bought properties in USA. For example the real estate mogul, Donald Trump, the former U.S. Republican Presidential candidate, Mitt Romney, Microsoft founder, Bill Gates, ..... They all bought properties, luxury houses in their country, USA. Real estate investment is people most important assets. Honesty is the best policy.
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