Singaporean tycoon Chio Kiat Ow is set to sell his Vaucluse waterfront mansion, known as Phoenix Acres, amid hopes it will be the next Australian trophy home to score a place in the $70 million record books.
It joins an impressive line-up of Sydney trophy homes on the market with a chance of topping all national records since top-end values were recalibrated by James Packer’s sale of his Vaucluse mansion in 2015 for $70 million and the $71 million sale of the Fairfax family’s Point Piper estate Elaine in April.
The site was a public park with a wharf and ferry service to Circular Quay before publisher Ezra Norton built his waterfront mansion on it in 1966. Photo: Supplied
READ MORE VIA DOMAIN