Billionaire buys Dh190m mansion 'without even seeing it'

A mansion in Australia was sold for a massive Dh189 million (A$70m) to a Chinese billionaire, who bought the property “without even seeing it".

According to Australian website Domain, the Sydney mega-mansion belonging to James Parker (son of late media mogul Kerry Packer) and his now-divorced wife Erica Packer has been sold to Australian-Chinese billionaire businessman Chau Chak Wing.

The mansion, 40, Wentworth Road, had been put together by the Packers after merging three properties (bought for about Dh81m) and giving them a huge upgrade that cost another Dh108m.

But even though the mega-mansion is pretty well-known in Sydney, CNBC’s AsiaOne reports that the Chinese-Australian billionaire bought the mansion without even seeing it.

The non-waterfront property now holds the honour of being the most expensive single-home transaction in Australia, nudging past the Dh155m that changed hands for a Perth mansion in 2009.

The previous record for a property in Sydney was held by Point Piper waterfront Altona mansion which was sold to another Chinese businessman Wang Zhijun for Dh140m in 2013.

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