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Tag Archives: Joe Hockey

Chinese billionaire calls Australian Treasurer Joe Hockey’s bluff on sale of Sydney mansion

A showdown is brewing between Treasurer Joe Hockey and one of China’s richest men over the forced sale of a Point Piper mansion. In early March, Mr Hockey ordered the Chinese billionaire Xu Jiayin to sell Villa del Mare for which he’d paid $39 million last November, because the sale had contravened foreign ownership rules.…

April 27, 2015 in Australian Politics.

Australian Treasurer orders sale of $39 million Sydney mansion

A Hong Kong-owned business has been ordered to sell a Sydney mansion which Treasurer Joe Hockey says was purchased in breach of foreign investment rules. The $39 million Villa del Mare property at Point Piper was bought last year by Australian company Golden Fast Foods, which is owned by a Hong-Kong based property group. Mr…

March 4, 2015 in Australian Politics.

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