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Tuesday, August 11, 2015

Chinese billionaire buys $52 million home -- sight unseen

A Chinese billionaire has bought a mansion in Australia for a reported $70 million Australian dollars ($52 million)—making it the most expensive home ever sold in the country.

Chinese developer and billionaire Chau Chak Wing bought Australian businessman James Packer's megamansion in Sydney "without even seeing it," according to Domain.

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2 comments:

  1. AnonymousAugust 11, 2015 at 11:38 AM

    Ain't capitalism great?

    Mao must be rolling over in his communist grave.

    ReplyDelete
  2. AnonymousAugust 11, 2015 at 5:35 PM

    This is happening frequently in Australia, and it's KILLING the prospect of ever owning a home for most Australians.

    The Chinese and others are doing the same thing here, especially buying up foreclosures..

    ReplyDelete

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