Latest news with #UigLodge
Sydney Morning Herald
2 days ago
- Business
- Sydney Morning Herald
Luxury Sydney apartment sells for $141.55m, setting national home price record
Multimillionaire Yan Zhang has paid $141.55 million for Australia's most expensive residence, a penthouse overlooking Sydney Harbour. The mystery purchaser can finally be revealed of the top three floors of Lendlease's One Sydney Harbour development at Barangaroo South, after settling on the home on Thursday. The off-the-plan sale, inked in 2019, is an amalgamation of the two-storey penthouse of the Renzo Piano-designed building, which is for himself, and a sub-penthouse directly below, for friends and family to stay in. It tops all of Australia's previous confirmed house and apartment records, including Atlassian co-founder Scott Farquhar 's $130 million Elaine sale, which settled to a consortium of developers last week who are planning to carve it up and sell it off in four lots. It also eclipses Crown Resort's One Barangaroo circa $80 million penthouse next door, which is widely tipped to have sold to James Packer 's lieutenant Lawrence Myers last week. The previous national house price record was held in conjunction with Uig Lodge, which was set by the tech billionaire Farquhar after paying $130 million in late 2022 for the Scottish baronial mansion, which he bought from rag traders Steven and Carol Moss. That sale smashed the previous record holder by some $30 million set by his counterpart Atlassian's other founder Mike Cannon-Brookes. The tech billionaire and his wife Annie purchased Fairwater in Point Piper for $100 million, ending more than a century of Fairfax family ownership. A mansion in Melbourne's Toorak also sold this year for at least nine figures, although is reportedly unlikely to top the national record. Sources have put the sale price anywhere from $115 million to $135 million.
The Age
2 days ago
- Business
- The Age
Luxury Sydney apartment sells for $141.55m, setting national home price record
Multimillionaire Yan Zhang has paid $141.55 million for Australia's most expensive residence, a penthouse overlooking Sydney Harbour. The mystery purchaser can finally be revealed of the top three floors of Lendlease's One Sydney Harbour development at Barangaroo South, after settling on the home on Thursday. The off-the-plan sale, inked in 2019, is an amalgamation of the two-storey penthouse of the Renzo Piano-designed building, which is for himself, and a sub-penthouse directly below, for friends and family to stay in. It tops all of Australia's previous confirmed house and apartment records, including Atlassian co-founder Scott Farquhar 's $130 million Elaine sale, which settled to a consortium of developers last week who are planning to carve it up and sell it off in four lots. It also eclipses Crown Resort's One Barangaroo circa $80 million penthouse next door, which is widely tipped to have sold to James Packer 's lieutenant Lawrence Myers last week. The previous national house price record was held in conjunction with Uig Lodge, which was set by the tech billionaire Farquhar after paying $130 million in late 2022 for the Scottish baronial mansion, which he bought from rag traders Steven and Carol Moss. That sale smashed the previous record holder by some $30 million set by his counterpart Atlassian's other founder Mike Cannon-Brookes. The tech billionaire and his wife Annie purchased Fairwater in Point Piper for $100 million, ending more than a century of Fairfax family ownership. A mansion in Melbourne's Toorak also sold this year for at least nine figures, although is reportedly unlikely to top the national record. Sources have put the sale price anywhere from $115 million to $135 million.
Sydney Morning Herald
05-06-2025
- Business
- Sydney Morning Herald
Jeff Bezos' neighbour cops $139 million discount on property purchase
A bare patch of land next door to the world's second-richest man has sold after six months on the market. The property sold for $US110 million ($169 million) to an anonymous international finance executive, the Wall Street Journal reported. It may seem like a steep price for 8000 square metres of grass, but it is just over half the $US200 million ($308 million) the vendor was asking when the property first listed in December 2024. Even with a 45 per cent discount, the empty plot cost more than Australia's most expensive homes – a $140 million Sydney apartment amalgamation, the $130 million trades of Uig Lodge and Elaine in Point Piper, and a grand Toorak mansion that sold north of nine figures earlier this year. The block of land is located on Indian Creek Island, a man-made island in Florida that is home to some of America's wealthiest families. Loading Jeff Bezos splashed a quarter of a billion US dollars buying three properties on the island last year – including the house next door to the empty lot. The new buyer will also brush shoulders with Ivanka Trump, US businessman Carl Icahn, DJ and record producer David Guetta and NFL legend Tom Brady, who all live in the neighbourhood.
The Age
05-06-2025
- Business
- The Age
Jeff Bezos' neighbour cops $139 million discount on property purchase
A bare patch of land next door to the world's second-richest man has sold after six months on the market. The property sold for $US110 million ($169 million) to an anonymous international finance executive, the Wall Street Journal reported. It may seem like a steep price for 8000 square metres of grass, but it is just over half the $US200 million ($308 million) the vendor was asking when the property first listed in December 2024. Even with a 45 per cent discount, the empty plot cost more than Australia's most expensive homes – a $140 million Sydney apartment amalgamation, the $130 million trades of Uig Lodge and Elaine in Point Piper, and a grand Toorak mansion that sold north of nine figures earlier this year. The block of land is located on Indian Creek Island, a man-made island in Florida that is home to some of America's wealthiest families. Loading Jeff Bezos splashed a quarter of a billion US dollars buying three properties on the island last year – including the house next door to the empty lot. The new buyer will also brush shoulders with Ivanka Trump, US businessman Carl Icahn, DJ and record producer David Guetta and NFL legend Tom Brady, who all live in the neighbourhood.
