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  1. T

    > 5% property owned by overseas buyers

    No but it is illegal for foreigners to buy existing property in most circumstances.
  2. T

    > 5% property owned by overseas buyers

    Not sure what the statute of limitations is on breaking the laws relating to foreign ownership but one way to ensure these properties don't stay vacant is to force those who brought the properties in contravention of the law to sell them.
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