New upper North Shore record price paid by local Chinese family

New upper North Shore record price paid by local Chinese family
New upper North Shore record price paid by local Chinese family

A local North Shore family, from China, have spent $13 million on the Wahroonga estate of Karen O’Hanlon, wife of tech company entrepreneur Dominic O’Hanlon.

The Wahroonga mansion sale set an upper north shore record through Jane Colyer and William Zhang of Chadwick Real Estate.

O’Hanlon, who heads up the ASX-listed software licensing provider Rhipe, bought the Water Street trophy home in 2011.

It was bought for $6.9 million from the software entrepreneur Paul Phillips.

The six-bedroom, six-bathroom mansion sits on 4000 square metres with a tennis court with lights.

There's also a children’s playground, an indoor swimming pool, and poolside cabana with a pizza oven.

The sale tops Sydney’s $12 million upper north shore record set six months ago when a buyer from China with Foreign Investment Review Board approval, Shuxin Zhou, bought the Springfields estate in Warrawee.

It was signed off the day before the state government’s new laws took effect doubling the stamp duty surcharge for foreign buyers.

Tags: 
Title Tattle Chinese Buyers

Comments

Be the first one to comment on this article
What would you like to say about this project?