An unnamed Chinese buyer has dropped 91 million yuan (17 million AUD) on a penthouse in Sydney, Australia for their children who will be studying in the city, News.com.au reports.
CBRE Australia, which oversaw the sale of the Sulman penthouse at Residence Hyde Park, refused to disclose further details about the sale. Sources say the buyer, who is Chinese, bought the apartment for his children, who are planning to go to school in Sydney.
The penthouse itself spans 800 square metres across two storeys, has three bedrooms, a temperature-controlled wine cellar, wraparound rooftop garden with 20 metre swimming pool, plus sweeping views of the central business district and harbour. Just regular student digs then.
Maintenance fees for the apartment run 560,00 yuan (100,000 AUD) per year, or approximately 46,800 yuan per month. That’s about 10 times the price of the average rent paid by students in the city, according to the University of Sydney.
At least these spoiled rich kids are actually old enough to enjoy their parent’s largesse, unlike the two year old whose mother bought her a $6.5 million apartment in New York.
[Image credit: Adam Taylor, News.com.au]