S$69m record sale for Sydney home

A Sydney harbourfront mansion has been sold for a record-setting A$54 million (S$68.7 million) to a China-born businessman, reinforcing the city’s growing status as a hot property destination, local media reported yesterday. The property was rented by U2 rock star Bono in 2006 for a family holiday. The Altona sale beat the previous Sydney property sale record of A$45 million, but fell short of the national record of A$57.5 million paid in 2009.

Source : Today – 2013 May 3

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