Half-price mansion sells for $8 million

  • A TAIWANESE businessman who four years ago put his lavish Gold Coast mansion on the market at $16 million has sold it for half that amount.

James Tsai’s 2638sq m Sanctuary Cove home has been bought by Chinese buyers in an $8 million deal that has already settled.

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7313 Bayside Close, Sanctuary Cove: The waterfront mansion has sold for just $8m, 50 per cent less than the owner was asking for four year ago.

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