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Singaporean businessman buys private island off Tasmania for A$5.5m: report

Thursday, June 2, 2016 - 22:29
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A Singaporean businessman has reportedly forked out a cool A$5.5 million (S$5.48 million) for a privately-owned island off Tasmania's north-east coast.

[SINGAPORE] A Singaporean businessman has reportedly forked out a cool A$5.5 million (S$5.48 million) for a privately-owned island off Tasmania's north-east coast.

The 287ha Waterhouse Island - about the size of 350 football fields - is 2km from mainland Tasmania. It has been in the same hands since the 1970s and drew worldwide interest after going on the market last year.

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