The eight-bedroom, seven-bathroom house Altona on Sydney’s harbourfront was sold to a Chinese businessman for US$54.3 million in 2013, setting a new property record for the city. Picture: AFP
The eight-bedroom, seven-bathroom house Altona on Sydney’s harbourfront was sold to a Chinese businessman for US$54.3 million in 2013, setting a new property record for the city. Picture: AFP
Jason Wordie
Opinion

Opinion

Then & Now by Jason Wordie

When capital flight meant a trip to Hong Kong with suitcases of cash: how the smart money got out of China then and now

Wealthy Chinese have always stashed a portion of their wealth beyond China’s borders for a rainy day, be it in Hong Kong and Macau or, these days, sunk into property in London and New York and retirement schemes in Southeast Asia

Jason Wordie
Jason Wordie

Updated: 6:20pm, 14 Apr, 2017

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The eight-bedroom, seven-bathroom house Altona on Sydney’s harbourfront was sold to a Chinese businessman for US$54.3 million in 2013, setting a new property record for the city. Picture: AFP
The eight-bedroom, seven-bathroom house Altona on Sydney’s harbourfront was sold to a Chinese businessman for US$54.3 million in 2013, setting a new property record for the city. Picture: AFP
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