The Business Times
business-time-50
SUBSCRIBERS

Billionaire Packer sells Sydney mansion for record A$60m

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 6, 2015 · 09:50 PM

Canberra

CASINO billionaire James Packer sold his Sydney harbourside mansion for a reported A$60 million (S$61 million), a new record in Australia's biggest city.

The six-level La Mer property in the suburb of Vaucluse owned by Mr Packer and his former wife was sold in the past week for a record price for any home in Australia, TheDaily Telegraph reported on Thursday, without giving the source of the sale price. Fairfax Media reported that it sold for A$70 million to Australian-Chinese billionaire businessman Chau Chak Wing.

TRENDING NOW

Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

Nadiem Makarim (left) has been charged with committing unlawful acts to enrich himself, others or corporations, causing losses to state finances.

Gojek founder Nadiem Makarim faces 18-year jail demand in Indonesia laptop graft trial

Visitors in the Nanjing East Road retail area in Shanghai, China, on May 1.

China’s regional slowdown: Painful but necessary?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More