Decision to raze Sydney mansion dismays many
Buyers' move to demolish home symbolises int'l clout of Chinese elite
[SYDNEY] In recent weeks, wrecking crews have embarked on a job that symbolises the international economic clout of the Chinese elite: razing an Australian mansion with stunning views of one of the world's most picturesque harbours.
Craig-y-Mor, an elegant 106-year-old home owned over the years by several prominent Sydney businessmen, was bought in 2008 by the son and daughter-in-law of a former senior member of the Chinese Politburo for A$32.4 million (S$38 million).
The new owners, Zeng Wei and Jiang Mei, sought permission to demolish the two-storey brick house and replace it, at a cost of US$4.5 million, with a five-level modern concrete structure with huge windows. The plan horrified some n…
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