Hong Kong telco tycoon Canning Fok and his wife are cashing in on Sydney’s bullish trophy home market by putting their Vaucluse home up for sale for more than $41 million.
Fok, assistant of Hong Kong’s richest man, Li Ka-shing, is based in Hong Kong, where thereported last year he had received an offer of about $173 million for his former family compound, made up of two neighbouring houses at the southern tip of Hong Kong Island.
It is set on dress-circle Queens Avenue, which boasts some of Vaucluse’s best homes, including the 1920s mansion Villa Igiea, bought in 2015 for $52 million by Jin Lin, the head of property development giant Aqualand. The Fok home is listed with Highland Property Double Bay’s Bill Malouf.
Fok’s wife, Eliza, has owned the Vaucluse residence in her name alone since 2010, when it last traded for $23.5 million.It is one of two houses built on a double block in 2005 by freight and transport industry boss Terry Tzaneros and his wife, Anne, who sold the smaller one next door in 2006 for $11.6 million., where they were one of last year’s biggest buyers, paying $38 million for the designer house of expat lawyer Sarah Cooke.
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