Nathan Tinkler yet to buy in Singapore
Mining magnate Nathan Tinkler has denied a Fairfax Media report that he has bought a property in Singapore.
A spokesman told Property Observer that Tinkler had not bought in Singapore "as yet."
The Sydney Morning Herald had reported this week it understood Tinkler had secured a property in the Sentosa Cove precinct.
Its the luxury island where Gina Rinehart has reportedly secured two off the plan apartments.
There has been no confirmation of the Hancock purchases.
The director of Savills International Residential Sales in Singapore, Julian Sedgwick, has suggested that Mrs Rinehart's mooted purchase was being hotly discussed in Singapore's real-estate circles as, if confirmed, would set a new residential price record.
Marketed as Singapore's only beachfront condominium, the 41-unit Seven Palms Sentosa Cove development, is due to be completed next year.
Tinkler was previously based in Merewether.
Tinkler, who built his fortune with three big coal deals, has an estimated $915 million wealth according to the latest BRW.
And according to the Forbes magazine, Tinkler ranks as Australia’s 26th-richest person, with a net worth of around $825 million in 2012.
"His principal place of residence would now be described as Singapore," his spokesman, Tim Allerton, told Fairfax Media in June.