RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz slave pen: New CBD skyscraper rules 'stunned' Asian investors Wed Oct 14, 2015 4:21 am | |
| Asian investors in Melbourne's central business district have been "stunned" by new rules restricting skyscraper density in the city centre, a planning consultancy that works extensively with overseas firms building apartment towers has warned.
Urbis director Sarah Horsfield said the new rules risked putting "a handbrake on investment".
Ms Horsfield told a Property Council breakfast that the introduction of the one-year interim rules last month had hurt the confidence "of a lot of our Asian investor clients who have been quite frankly stunned that the rules of the game can be so fundamentally changed overnight without any prior warning".
Read more: http://www.theage.com.au/victoria/new-cbd-skyscaper-rules-stunned-asian-investors-20151013-gk84oz.html#ixzz3oWpVfpSO |
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