Bono’s one-time Sydney holiday home sells for record $55.4 million

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Irish singer Bono arrives for reception with German Chancellor Merkel and with youth representatives of the organisation ONE against human poverty in BerlinSYDNEY (Reuters) – A Sydney harborfront mansion has been sold for a record-setting A$54 million ($55.4 million) to a Chinese-born businessman, reinforcing the city's growing status as a hot property destination, newspapers said on Thursday. On the market for six years, the luxurious eight-bedroom "Altona" in exclusive Point Piper was bought in a secret deal with the businessman who currently lives in Melbourne, the newspapers reported. The property and its heated waterside pool and boathouse, rented by U2 rock star Bono in 2006 for a family holiday, was last sold in 2002 for A$28 million. …

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