Meriton's Harry Triguboff says $10 billion is his asking price

Previously there was always the $6 billion figure bandied about for the prized Meriton empire.

But ABC Radio corned Harry Triguboff on his real desire.

"I think it should be in vicinity of $10 billion" he told the ABC The World Today's business reporter Pat McGrath.

The veteran property developer is in confirmed talks with a local subsidiary of the Chinese-based buyer for the sale of his Meriton property empire, Bloomberg reported earlier this week.

Meriton, the nation’s largest home builder, has previously been in cursory discussions with Asian-based property developers.

Triguboff told Bloomberg he met with the suitor last week. 

“I showed them my valuation, they’re looking at their valuation; that’s what we’re doing now.”

Triguboff, who has previously valued the business at over $6 billion, said he would only offload Meriton in its entirety.

But adding it was a lifelong job, Triguboff also countenanced family continuation of the company.

Picture of Harry Triguboff courtesy of Wikimedia Commons.