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.
The listing comes less than a year after the long-time director of Vodafone Hutchison was appointed chairman of TPG Telecom after the resignation of the company’s billionaire founder David Teoh.
Fok, assistant of Hong Kong’s richest man, Li Ka-shing, is based in Hong Kong, where the South China Morning Post reported 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.
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