Open House: A $59 Million Sydney Penthouse Gets a Celebrity Realtor After Languishing on Market [BNN Bloomberg (Canada)]
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Source: BNN Bloomberg
There are plenty of descriptive terms for the A$90 million ($59 million) home perched high in Crown Resorts Ltd.'s twisting skyscraper in Sydney. “Sold” is not one of them. The chrome-heavy duplex has been on the market since at least 2021 when the 271-meter-tall One Barangaroo tower was completed. Conceived in an age when Chinese cash flooded the globe, elevating asset prices from Sydney to London, the property's target market has all but disappeared as crackdowns by China's President Xi Jinping cut the fortunes of the country's elite and choked outflows. To stimulate demand, Crown recently slashed the six-bedroom apartment's asking price by 10% from A$100 million and appointed flamboyant TV personality Monika Tu as selling agent alongside Knight Frank. Tu, who's built a successful career selling Australian assets to wealthy Chinese, concedes the 800-square-meter (8,600-square-foot) apartment complete with plunge pool and home theater is a challenge. “We do have to work a lit
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