Fund manager ‘Owen’ Ouyang Chen and his wife, Xiao Hong Li, already owned a $5.7 million home in Northwood, but now they’ve bought the Rossi home next door.
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The keys to Balmain’s most expensive house have finally been handed over to the buyer who paid $11 million, revealed on title records to be the daughter of gold mining magnate Xu Hanjing.
Cathy Xiao Xu, 33, is only the fourth owner of the historic waterfront house since it was built in the 1880s by Charles Yeend, the son of prominent innkeeper James Yeend, and follows 60 years of Cloughessy family ownership after they bought it for £3350 in 1960 from the liquidators for Mort’s Dock and Engineering Company.
Cathy’s identity has been a closely guarded secret by Cobden & Hayson’s Danny Cobden since it sold last October after just 11 days on the market, making her the largest private landholder on the Balmain peninsula.
Sydneyâs east is set for a big year in 2021. Picture: John Appleyard
News by Stephen Nicholls 26th Jan 2021 2:47 PM Real estate agent Brad Caldwell-Eyles can pinpoint the exact day last year that COVID-19 rattled his world, with the loss of $40m in transactions that were poised to exchange. It was March 23, and we had a zoom call with our accountants at 11am ⦠they said this is the real deal, it s time to batten down the hatches , the 1st City Real Estate Group co-principal said. It took us by surprise - when I put the phone down, it felt like the day after September 11; that dark, numb feeling.
Sydneyâs east is set for a big year in 2021. Picture: John Appleyard
News by Stephen Nicholls 26th Jan 2021 2:47 PM Real estate agent Brad Caldwell-Eyles can pinpoint the exact day last year that COVID-19 rattled his world, with the loss of $40m in transactions that were poised to exchange. It was March 23, and we had a zoom call with our accountants at 11am ⦠they said this is the real deal, it s time to batten down the hatches , the 1st City Real Estate Group co-principal said. It took us by surprise - when I put the phone down, it felt like the day after September 11; that dark, numb feeling.