Chinese investors pay A$88.88m for Sydney property
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".
That luck might come in handy - the deal comes just as Sydney was awarded the fourth spot on UBS's global housing bubble index.
Sydney follows Vancouver, London and Stockholm in the ranking which seeks to identify the world's most risky real estate markets.
The lucky price of A$88,88m... read more
- 13:49 How Prince Harry, my mum and I put our Heads Together to talk about...
- 13:49 Berwick Workspace to host workshops for businesses
- 13:48 Boozy driver confused by Worksop roadworks
- 13:48 Rampton patient lashed out at “bullying” nurse
- 13:48 Care home man’s £3K rampage in Mansfield
- 13:47 $esc.html($content.name)
- 13:47 These are the best and worst broadband, TV and phone firms
- 13:47 YOUR SAY: On proposed new public order for Pavilion Gardens
- 13:46 Vile assault on partially blind 80-year-old in Chester lands...
- 13:46 Bookies slash odds of an Easter heatwave in Derby
- 13:46 Stalker plagued woman via Facebook and with over 300 phone calls
- 13:46 Police re-appeal over aggravated burglaries in Gainsborough
- 13:46 Boozy driver confused by Worksop roadworks
- 13:46 Malaysia releases body of Kim Jong Nam to North Korea
- 13:45 Get with the programme! Enterprising grant for Leeds-based agency
- 13:45 Music is key to Rachel’s studies fund
- 13:45 CCTV APPEAL: Assault at McDonalds in Blackpool
- 13:45 Peter Andre suggests medication for anxiety is ‘wiping the problem...
- 13:44 Uncertainty for 20 staff at Barrow construction firm amid reported...
- 13:44 Church cash denied
- 13:44 New village speed signs for Deeping St Nicholas
- 13:44 Bill for grass cutting
- 13:42 Cops target Notts drivers using their mobile phones
- 13:43 Why earthworms are so important
- 13:42 Boozy driver confused by Worksop roadworks
- 13:42 Rampton patient lashed out at “bullying” nurse
- 13:42 Vodka thief sent back to prison for £7 theft in Mansfield
- 13:42 Premier League Team of the Season revealed - but there's a twist
- 13:42 Done Deal: West Brom tie down Gareth McAuley to new contract
- 13:42 Jose Mourinho has back-up plan should Antoine Griezmann snub Man...