SKIP TO MAIN CONTENT

Chinese investors pay A$88.88m for Sydney property

Chinese investors pay A$88.88m for Sydney property
Chinese investors pay A$88.88m for Sydney property Source: SBS

1 min read

Published

By Heba Kassoua



Skip to article content

Business sense suggests you try to buy property at the lowest possible price, but that was not the case for one property in Sydney, Australia.

It was just bought by Chinese buyers for A$88,888,888.88.

The number eight is considered lucky in Chinese as it sounds like the word for "prosperity".

Sydney follows Vancouver, London and Stockholm in the ranking which seeks to identify the world's most risky real estate markets.


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS Arabic

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Arabic Collection

Watch SBS On Demand

Stream now