{"id":7120,"date":"2015-08-06T04:29:19","date_gmt":"2015-08-06T04:29:19","guid":{"rendered":"https:\/\/www.asiabankersclub.com\/?post_type=press_release&#038;p=7120"},"modified":"2022-06-01T04:36:55","modified_gmt":"2022-06-01T04:36:55","slug":"firb-exempt-australian-properties","status":"publish","type":"press_release","link":"https:\/\/www.asiabankersclub.com\/press_release\/firb-exempt-australian-properties\/","title":{"rendered":"FIRB Exempt Australian Properties"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7120\" class=\"elementor elementor-7120\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a568259 elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle\" data-id=\"2a568259\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div 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fill=\"#003057\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cb7f62 elementor-widget elementor-widget-text-editor\" data-id=\"7cb7f62\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>6th August 2015<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7cb930f elementor-widget elementor-widget-heading\" data-id=\"7cb930f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FIRB Exempt Australian Properties<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d563f2 elementor-widget elementor-widget-text-editor\" data-id=\"6d563f2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"margin-bottom: 25px; text-align: center;\"><span style=\"color: #3b3b3b; font-family: Lato, Helvetica Nueue, Helvetica, Arial, sans-serif;\"><b>FIRB EXEMPT AUSTRALIAN PROPERTIES PROVIDE RARE OPPORTUNITY FOR HUGE CAPITAL GAINS<\/b><br \/><\/span><span style=\"color: #3b3b3b; font-family: Lato, 'Helvetica Nueue', Helvetica, Arial, sans-serif; font-style: inherit;\">Foreign Investment Approved Freehold Australian Landed Property from HKD7 million<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c8b776 elementor-widget elementor-widget-image\" data-id=\"6c8b776\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.22.0 - 26-06-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1796\" height=\"1346\" src=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina.jpg\" class=\"attachment-full size-full wp-image-4923\" alt=\"\" srcset=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina.jpg 1796w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina-300x225.jpg 300w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina-1024x767.jpg 1024w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina-768x576.jpg 768w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2022\/05\/Sanctuary-Cove-Marina-1536x1151.jpg 1536w\" sizes=\"(max-width: 1796px) 100vw, 1796px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d5ce79 elementor-widget elementor-widget-text-editor\" data-id=\"2d5ce79\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\">\u00a0In Australia, it is always more beneficial for foreign investors to own landed properties or homes rather than apartment units for the simple reason that it makes smarter investment sense to do so \u2013 foreign investors can only purchase new property projects and cannot buy off the secondary market. Foreigners who invest in apartments have a very small pool of buyers they can resell their property to because they can only resell to locals. Locals however generally prefer to own and live in a home hence they rarely purchase or invest in apartments.<\/p><p>On the other hand, foreign buyers who invest in a landed property will have a larger group of potential clients because of the local preference mentioned above. Moreover, if foreign investors encounter a rare piece of property that is Foreign Investment Review Board (FIRB) exempt which permits foreign investors to resell their property to other foreigners, it becomes exponentially easier for investors to exit from the investment.<\/p><p>Sanctuary Cove, Australia\u2019s leading resort-style master planned community, contains some of the last remaining waterfront lots of land on the Northern Gold Coast of Queensland, Australia with direct access to the waterways of this stunning part of the country. Established in 1987, Sanctuary Cove was the first gated community in Australia and has since evolved into the country\u2019s most iconic and successful residential estate and is now home to more than 3,000 residents. The concept of bespoke luxury is central to this project as buyers can choose their favorite plot of land and customize the design of the home; everything can be tailor-made to perfection.<\/p><p>Kingston Lai, CEO of the Asia Bankers Club states that \u201cI truly believe that this is a rare investment opportunity for Hong Kong investors. The community of Sanctuary Cove is breathtaking and offers an unparalleled lifestyle proposition; combining quality residential product with world-class facilities, education options, and a plethora of lifestyle options. It offers the perfect combination of investment returns and personal enjoyment.\u201d<\/p><p>The Hong Kong launch of Sanctuary Cove will take place on the 22 \u2013 23 August 2015 in The Park Lane Hong Kong, 27\/F, Park Lane Rooms IV \u2013 V, 310 Gloucester Road, Causeway Bay.<\/p><p>For further information on the Asia Bankers Club and the Sanctuary Cove launch, please visit www.asiabankersclub.com or contact us on contact@asiabankersclub.com.<\/p><p><b><u>About Asia Bankers Club<\/u><\/b><\/p><p>The Asia Bankers Club is an investment club for banking and finance professionals in Asia. With a vast member base, the Asia Bankers Club organizes events for its members and provides physical assets for investments, such as properties, fine wines, art, timepieces, and collectables. Our members are from top tier investment, private and consumer banks, asset management companies, private equity firms, hedge funds, and sovereign wealth funds primarily located in key financial centres.<\/p><p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.asiabankersclub.com\">www.asiabankersclub.com<\/a><\/span><\/p><p><u><b>About Sanctuary Cove<\/b><\/u><\/p><ul><li>Freehold landed property from around HKD7 million<\/li><li>Down-payment 10% and 90% at completion in 1 years\u2019 time<\/li><li>70% financing available for foreigners<\/li><li>Expected rental yield of 6% p.a.<\/li><li>Minimum size from 10,534 sq.ft which consists of 6,768 sq.ft. (land) + 3,766 sq.ft. (house built up)<\/li><li>Maximum size of up to 19,272 sq.ft. which consists of 14,688 sq.ft. (land) + 4,584 sq.ft. (house built up)<\/li><li>Price from around HKD1,800 per sq.ft. (house only)<\/li><li>This premier estate in Australia has full FIRB resort status, allowing internationals to purchase property and land at Sanctuary Cove without prior Federal Government approval<\/li><li>The $2 billion Sanctuary Cove is Australia\u2019s leading resort-style master planned community<\/li><li>The 474 hectare Sanctuary Cove is located on the northern Gold Coast, neighboring Hope Island, Sovereign Islands, and Ephraim Island in the high-growth Gold Coast-Brisbane corridor<\/li><li>Sanctuary Cove is just 50 minutes\u2019 drive from Brisbane, 40 minutes\u2019 drive from Coolangatta Airport, and 20 minutes from the famous Gold Coast beaches<\/li><\/ul><p><span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.sanctuarycove.com\/\" rel=\"nofollow noopener\" target=\"_blank\">www.sanctuarycove.com<\/a><\/span><\/p><p style=\"text-align: center;\"><strong><u>Reference Images:<\/u><\/strong><\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-4689 aligncenter lazyloaded\" src=\"http:\/\/abcltd.apptisan.com.hk\/wp-content\/uploads\/2017\/02\/2307-Vardon-1.jpg\" sizes=\"(max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/2307-Vardon-1.jpg 600w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/2307-Vardon-1-300x201.jpg 300w\" alt=\"2307 Vardon -1\" width=\"600\" height=\"402\" data-srcset=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/2307-Vardon-1.jpg 600w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/2307-Vardon-1-300x201.jpg 300w\" data-src=\"http:\/\/abcltd.apptisan.com.hk\/wp-content\/uploads\/2017\/02\/2307-Vardon-1.jpg\" data-sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p><p style=\"text-align: center;\"><strong>Above<\/strong>: Waterfront homes at the Sanctuary Cove community<\/p><p style=\"text-align: center;\"><strong>\u00a0\u00a0<img decoding=\"async\" class=\"alignnone wp-image-4690 lazyloaded\" src=\"http:\/\/abcltd.apptisan.com.hk\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4.jpg\" sizes=\"(max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4.jpg 2560w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-300x200.jpg 300w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-768x512.jpg 768w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-1024x683.jpg 1024w\" alt=\"S-Cove-Aerials-July2014-Tristania-206-A4\" width=\"600\" height=\"400\" data-srcset=\"https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4.jpg 2560w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-300x200.jpg 300w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-768x512.jpg 768w, https:\/\/www.asiabankersclub.com\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4-1024x683.jpg 1024w\" data-src=\"http:\/\/abcltd.apptisan.com.hk\/wp-content\/uploads\/2017\/02\/S-Cove-Aerials-July2014-Tristania-206-A4.jpg\" data-sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/strong><\/p><p style=\"text-align: center;\"><strong>Above<\/strong>: Owners can choose their favorite plot of land and customize their home to their personal preference<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6185dbc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6185dbc\" data-element_type=\"section\" id=\"publication_related_posts\" 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