$17 million pad to be uni student house

[redwing]

A Chinese investor snapped up a $17 million penthouse in Hyde Park for his children who are about to start university in Sydney.

News Link

 

[DaveM]

OMG chinese are taking over! Someone call Today Tonight!!!!!!!!

Nice place though, hope their kids arent afraid of heights!

 

[TMNT]

you never know, he might be subleasing one of the 3 bedrooms, + every other bathroom, living room, car park, storage room, verandah, at $400 per week,

 

[MTR]

Wow, apparently there is another one available for $15M, better snap that one up for my kids

 

[redwing]

Great views, you wouldn't want to be shy though?

 

[redwing]

you never know, he might be subleasing one of the 3 bedrooms, + every other bathroom, living room, car park, storage room, verandah, at $400 per week,

Or hoping to sell for a nice profit when they finish university

 

[DaveM]

Or hoping to sell for a nice profit when they finish university

Have to go up a lot, stamp duty alone on that purchase would have been 600k!

 

[redwing]

Have to go up a lot, stamp duty alone on that purchase would have been 600k!

Storing money outside of China then?

I think they clawed back Bo Xilai's French property

 

[D.T.]

If they're from mainland communist china, where'd they get the money?

 

[redwing]

If they're from mainland communist china, where'd they get the money?

Casino?

There's a new book out called Crazy Rich Asians a novel by Kevin Kwan

 

[scha9799]

I wonder what degree is his kid doing ?

closer to sky, Astrology ? maybe