Son of one of China’s billionaire car dealers pockets $27 million for block of rubble in Point Piper

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Son of one of China’s billionaire car dealers pockets $27 million for block of rubble in Point Piper | Lucy_Macken

It proved a loss for Cooney, given his purchase price of $22.5 million a year earlier from, son of Shanghai shipping magnate Shannian Huang, and who had knocked down the 1970s house on site amid plans to build a Tzannes Associates-designed house.had sold it to Huang in 2013 for $14.35 million, to move to his street-front house up the driveway, which he sold last year for $40 million to Macquarie’s Nick O’Kane.

Burke, a sports presenter on Ten, recently sold the family’s long-held Northside Hotel in Albury for $16.2 million to fund manager Harvest Hotels., after the legendary racing identity sold his apartment in the Ikon building for $7.3 million and moved to Queensland.Whitby, who once ran the Bourbon and Beefsteak bar, pocketed a decent capital gain on his way out, selling through Richardson & Wrench’s Jason Boon for more than $2 million more than he paid four years ago.

The three-bedroom spread wasn’t the only property that served Whitby well locally. In 2018 he sold the penthouse of the nearby Villard building for $12.5 million to Hardie Grant chairman John Gerahty and his wife Patricia, almost doubling the $6.6 million he paid for it in 2012.

 

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Lucy_Macken Rich Asian people upset white people.

Lucy_Macken Why do we let Chinese buy land here?

Lucy_Macken He could've bought a good property at Mt Druitt for less than that.

Lucy_Macken I'm JESUS ​​CHRIST 'Michael Archangel'the Vengeance and every kind of payment belong to me!There will be so much famine that you will eat the flesh of your children,and each one will eat the flesh of his neighbor.I am the angel of death,the son of God.When I act who will stop me?

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