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Huang Xiangmo's property fire sale as ATO circles

Ingrid Fuary-Wagner, Neil Chenoweth, Angus Grigg and Edmund Tadros

Nov 9, 2019 – 12.00am

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Chinese billionaire Huang Xiangmo is headed for a showdown with the Tax Office after seeking to quickly offload a North Sydney office tower, as part of an Australian asset sell-down which could total $1.1 billion.

Mr Huang has engaged agents for the off-market sale, which is expected to deliver him around $130 million for the 15-story Berry Street tower, more than double its price four years ago.

Ingrid Fuary-Wagner was The Australian Financial Review’s explainer editor.

Neil Chenoweth was a senior writer for The Australian Financial Review

Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards.

Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom.