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Whilst i understand the theory that a farmer/householder should be able to get the best price for their property, competing with overseas entities ( who are buying for future use and dont really care re the current cost ) means locals will nearly always lose. If land purchase was limited to citizens only, then you may not get as much when you sell, but conversely, it wont cost as much to buy.
The biggest problem i see with this purchase is its 99% sure to be backed by the Chinese govt, as it is in other places around the world where they are buying up bigtime.
They will never go broke ( in our lifetimes ) and as such, i doubt this land ( and more importantly, the water rights that go with it ) will ever come back on the market.
Andrew
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