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A who’s who of China’s elite have long dominated the top sales in The Residence tower at Hyde Park, and superstar Liu Xiaoqing is hoping to trump them all given the $18 million guide on her sub-penthouse.
Liu has been a household name in China since the 1980s, not only for the more than 60 films and television shows in which she has starred but because her business success prompted Forbes to rank her China’s richest woman in 1999.
The sub-penthouse in The Residence at Hyde Park is hoped to set an $18 million high for the architect Scott Carver-designed tower.Credit: Domain
It was a short-lived spell on the rich list. Three years later she swapped billionaire status for that of a prison inmate at China’s notorious Qincheng Prison after she was convicted for tax evasion, and fined 7.1 million yuan.
Putting her 14 months in jail behind her, Liu’s fortunes have since improved.
China’s superstar and former billionaire Liu Xiaoqing has starred in more than 60 movies and television shows since the 1980s.
In 2015 she visited Australia and purchased one of the sub-penthouses in Darlinghurst’s The Residence for $8.8 million from fund manager Alwyn Heong.
At the time the landmark building was already a favourite among cashed up international buyers. China’s shipping magnate Shannian Huang had set a high of $17 million buying the penthouse new, although he copped a loss on it in 2019 when it sold for $14.5 million.
And its adjoining penthouse was previously owned by “Red Princess” Bao Bao Wan, granddaughter of late vice-premier Wan Li, until it sold for about $13 million in 2017.
Thee three-bedroom apartment in The Residence tower was purchased by Liu Xiaoqing in 2015 for $8.8 million.Credit: Domain
Liu’s three-bedder is listed with Millennium Capital Realty’s Paul Liu.
David Penn is selling his apartment in the 1929-built block in Point Piper called Chatsworth House.Credit: Domain
Sydney’s high-end apartment market is a busy one this week. An art deco pad in Point Piper’s Chatsworth House is up for October 28 auction by local trophy home owner and dentist David Penn with a $4.9 million guide through Sotheby’s Michael Pallier.
Joshua Penn and his mother Linda Penn are the current co-chairs of the Gold Dinner committee.
The three-bedroom spread was purchased for Penn’s son Joshua – across the road from their Villa Veneto residence – but became redundant in 2021 when Penn jnr purchased a nearby house for $16 million from nursing home scion Mark Moran.
Penn shares the 1929-built block with the likes of New York-based chief of the Murdoch family’s News Corp Robert Thomson and art house auctioneers Geoffrey Smith and Gary Singer.
Up the road in Point Piper’s waterfront Biarritz building, an apartment long owned by the late jurist Murray Tobias, a former Court of Appeal judge and king’s counsel, is also up for auction, this time on October 25.
The landmark Biarritz building is set on a promontory in Point Piper.Credit: Domain
Ray White Double Bay’s Elliott Placks has good interest at $15 million, which at that level will top the building’s $12 million high of 2020 set by former Warner Music chairman Stephen Shrimpton.
And in Rose Bay Robbie Jugeshinder Singh, the chief financial officer of India’s industrial conglomerate Adani, and his hedge fund consultant partner Marijana Domazet have bought an apartment in the block next door to their trophy home Rothesay.
A year ago Singh, one of the top lieutenants to billionaire tycoon Gautam Adani, paid $37 million for the Victorian Italianate villa Rothesay from Potentia Capital boss Andrew Gray.
At the time of the Rothesay purchase reality TV stars Anna Heinrich and Tim Robards, of the original The Bachelor series, were trying to sell the art deco pad in the block next door, and did so for $2.7 million in August last year.
A year later it sold again. Singh has paid $3.25 million for it.
The 1880s mansion Alta Mura last traded for $7.4 million in 2016 when sold by venture capitalist Daniel Petre.Credit: Domain
Rugby Australia chairman Hamish McLennan no doubt welcomed a bit of good news on Friday night amid the fallout from the Wallabies’ historic 40-6 loss to Wales in the Rugby World Cup. He and his wife Lucinda sold their Lavender Bay home.
Rugby Australia chair Hamish McLennan has joined the eastern suburbs set.Credit: Nic Walker
The 1880s mansion (purchased from venture capitalist Daniel Petre for $7.4 million) was listed in July after the McLennans joined the eastern suburbs set, buying $30 million digs in Darling Point from recruitment boss Mark Kerry and his interior designer wife Lynda.
The Lavender Bay residence was a plum listing for Atlas’ Michael Coombs and Adrian Bridges given McLennan’s side gig as chairman of REA Group, and one that started with bullish $16 million to $17.5 million hopes. No pressure.
What a sigh of relief then when De Brennan Property’s Jonathon De Brennan introduced a couple from Hong Kong and sold it for about $17 million.
The Myocum property of Wayne Cooper and Sarah Marsh was put to auction this week at which Cooper was the sole bidder and buyer.
At first glance fashion designer Wayne Cooper looked to have copped a loss on the sale of his Byron Bay hinterland home when it went to auction this week, but it turns out he actually did quite well from the deal.
Unfortunately, the same cannot be said for his estranged wife Sarah Marsh.
Wayne Cooper has sole ownership of the Myocum property after he purchased it this week.Credit: Andy Zakeli
To explain, Cooper and Marsh purchased the resort-style acreage in Myocum, known as King of the Hill, for $5.09 million just 18 months ago.
But the marriage has since fallen apart, and the property was listed in May with McGrath’s Will Phillips with a $4.5 million guide.
When it didn’t sell it was put to auction on Thursday, at which the sole registered bidder was Cooper, although Marsh did attend, having travelled up from Sydney where she currently lives at a friend’s place.
After about two bids Cooper secured sole ownership of the luxury property for $3.871 million.
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