A Chinese developer has promised Asian investors a permanent residency visa in as little as six months. All they had to do is buy into a Hunter Valley land deal in Millfield.
Profit Palace Group, headed by Jiang “James” Xiao was not only offering Australian permanent residency but also access to Australia’s welfare benefits. On their website it is explained how owning 750m2 will make them eligible to apply for the 132A visa – a visa type for high-calibre business owners. Yet, under this visa it’s not even a requirement to buy a house.
There were many claims made on their website (which has now been shut down) including having political partners in Australia, who didn’t even know their photos and names were used without any permission and published on Profit Palace Group’s website.
On their website false promises have been made, amongst others stating that a famous hotel brand is part of the development deal, yet there is no planning approvals made for such a facility on that land.
The population of Millfield (of about 1006) is outraged and concerned about soon being double its size and rural communities being wiped out.
Mr. Xiao has not yet returned any messages left for him and the number for his Sydney office has been disconnected.