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Singapore tycoon C.K. Ow lines up for a shot at Sydney’s $70 million house price record


Lucy Macken, Domain

Singaporean tycoon Chio Kiat Ow is set to sell his Vaucluse waterfront mansion, known as Phoenix Acres, amid hopes it will be the next Australian trophy home to score a place in the $70 million record books.

It joins an impressive line-up of Sydney trophy homes on the market with a chance of topping all national records since top-end values were recalibrated by James Packer’s sale of his Vaucluse mansion in 2015 for $70 million and the $71 million sale of the Fairfax family’s Point Piper estate Elaine in April.

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