Sydney Businessman Pays Record $20m for Potts Point Apartment |
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Written by Marc Pallisco
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Wednesday, 04 June 2008 |
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An undisclosed Sydney businessman is believed to have smashed the record price paid for an apartment in Australia.
Developer The Ashington Group is believed to have reaped $20 million for a two-level penthouse with views to Wooloomooloo Bay, Sydney Harbour and the Opera House.
The sale price eclipses the $18.2 million price paid by an as yet undisclosed business identity for a penthouse in Melbourne's 150 Clarendon Street building, in East Melbourne.
Ashington will demolish a 7-level, 38-unit serviced apartment block to develop the six storey glazed apartment tower in Wylde Street.
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