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 neighbours and government officials, who thought the new building would be too big and unattractive. After the municipality refused to allow the demolition, Mr Zeng's lawyers appealed to a state judge, who overruled that decision.
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