Guo Kui-Cheung`s Hunter Hill mansion. (photo by Australian newspaper)
According to the Australian newspaper, this spring, Guo Kuizhang (Kuizhang Guo), a tycoon who claims to be "Gatsby (Gatsby) in China", is seeking to sell his five-bedroom, five-bath mansion in (Hunters Hill), northern Sydney`s Hunter Mountain, (Windermere). It is reported that the price can be as high as 18 million Australian dollars.
Guo had held a number of lavish parties at (Windermere Estate), Wendemir, with influential figures such as Chinese tycoons and celebrities. As a result, he was called "China`s Gatsby" by the Australian media.
In 2014, Guo Kuizhang bought the mansion for A $11.45 million. Property sources said the most comparable property was the former home of Australian actress Kate Blanchett (Cate Blanchett). It was just a few blocks away from Guo Kuizhang`s mansion and sold for A $18 million last year.
Guo Kui-Cheung sits in a mansion on Hunter Hill. (photo by Australian newspaper)
Guo Kuizhang`s property covers an area of nearly 3500 square meters. It overlooks the Blue Valley (Lane Cove River), with a private wharf, a home theater and a separate housekeeper`s room. It is an old building of the 1850s, which has been modernized and renovated.
In an ad for (Expressions of Interest), the property agency that solicited the property, Ausrealty described it as "a blend of the glamour of the old era and the sophistication of modernization."
Other previous owners of Windermeer included French entrepreneur Joubert (Jules Joubert), architect Clon (Donald Crone). The renovation of the (Elizabeth Street) David Jones store on Elizabeth Avenue was done by Clone.
However, property industry people believe Guo Kuizhang`s decision does not represent the general trend of Chinese buyers. "in my experience, Chinese buyers will own real estate," said Lester (Jordan L`Estrange), LJ Hooker`s sales assistant. He is often involved in high-value property transactions on the East side of Sydney.
Knight Frank (Knight Frank), a real estate company, also said it had not heard of other Chinese owners selling properties of this size in the Hunter Mountains.
The interior of the mansion. (photo of the Australian newspaper)
It is understood that Guo Kuizhang with the commercial real estate industry bright performance, thus accumulated a great deal of wealth in China.
However, it was reported that in 2010, a Shenzhen court ordered Guo Kuizhang to demolish Guo Kuizhang`s hundreds of millions of yuan "sea palace." The luxury villa was built on the surface of Mirs Bay, like a man-made island.
