Investing

Chinese Invests in Australian Real Estate Again Now Double the Amount

Chinese investment in the Australian real estate market doubled last year. An annual report showed that China was the biggest investor for the financial year that ended June 30, 2015. China had received approvals to spend $18 billion which was three times the figure the U.S. put in and six times what Singapore invested.

Real Estate News: New York City Building for Sale for $50M

A penthouse in New York City is currently being sold for $50 million. A building in New York City is currently being sold for $50 million. According to Elle Décor, the building's penthouse situated on 71-73 Franklin Street is now up for grabs.

NYC Real Estate Players Players Named In Offshore Leak Database

NYC real estate had been greatly impacted by the release of the Panama Papers. The leak revealed millions of documents from the illegal offshore law firm Mossack Fonseca. It had already led to the resignation of the Prime Minister of Iceland and had revealed the shady offshore transactions of the likes of Pakistani Premier Nawaz Sharif and the Russian President Vladmir Putin.