Townsville Bulletin



QUEENSLAND’S richest man Clive Palmer has cemented his title as king of Sovereign Islands on the Gold Coast, splashing more than $28m on three mansions.

He this week emerged as the buyer of a $4.5m Sovereign Islands property at Parklane Tce.

Selling agent Chris Moyer would not disclose the buyer or price, however government land title reports revealed Mr Palmer as the purchaser.

The four-level residence has five bedrooms, six bathrooms and plenty of space to entertain. “It is a beautiful northeast facing property on the Broadwater and it is ultra modern,” Mr Moyer said.

That transactio­n took place a few weeks before Mr Palmer dropped $20m on a futuristic-looking mega mansion at King Arthurs Court that adjoins his existing Sovereign Islands home. Mr Palmer also paid $4.001m at auction for 54 Royal Albert Cres, Sovereign Islands two weeks ago.

 ?? ?? Clive Palmer.
Clive Palmer.

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