5 5 7. The $39.9 million sale is the highest result this year, and sets a record for a non-waterfront Australian house. “We’re awaiting concept plans for the built form now, but we’re expecting it to be a huge development opportunity for the southern part of the shire.”. Find out more about our policy and your choices, including how to opt-out. This truly is one magnificent Point Piper home! Great Lakes Council has already received various environmental studies on the potential development uses of the site. Mr Lee is known as a road construction and urban developer in China, and has owned the road and line marking company Catseye Group in Australia for the past 15 years. The five-bedroom mansion sits on 1891sq m of land overlooking the Point Piper … Mandalay, on Wolseley Rd, Point Piper, Sydney, fetches $40m. There’s a new most expensive home for sale in Sydney, Australia. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. CONTACT AGENT. All rights reserved. The house has a heated pool, gym and sauna. Point Piper's newest resident, road construction and eco-resort developer Phillip Dong Fang Lee and his wife Shi Xiaobei took possession of their recently purchased mansion Mandalay this week. 3:35. Settlement on the forced sale of the nearby Point Piper mansion Villa del Mare by Chinese billionaire Xu Jiayin is expected to eclipse that amount at $41 million when the transfer documents are lodged with the land titles office next week. window['fe-co-audience-experiments-fe-co-audience-experiments_1'] = {"position":"middle","theme":"domain"}; Mr Lee’s Tea Garden Farms company bought the vast waterfront site in Bundabah in 2006 for $8.8 million, with plans to build a golf course, convention centre and eco-resort. ","id":"176667","largeThumbnail":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_600,h_400/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428245_1024.jpg"},{"mediaType":"image","images":{"original":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_1440,h_961/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428198_1024.jpg","width":"1440","height":961},"tablet":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_1020,h_681/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428198_1024.jpg","width":"1020","height":681},"mobile":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_600,h_400/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428198_1024.jpg","width":"600","height":400}},"thumbnail":"https://res.akamaized.net/domain/image/fetch/t_web/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428198_1024-150x150.jpg","description":"Mandalay, Point Piper. The sale of Mandalay by tobacco executive Bill Webb and his wife Marijke was a comparatively fast one by trophy standards, having sold last month less than three months after it was officially listed. Subscribe to the Black Diamondz Newsletter for our latest property information. Buyer of $39.9 million Point Piper mansion Mandalay revealed. All times AEDT (GMT +11). 87-89 Wolseley Road, Point Piper 'Mandalay' - Black Diamondz - Duration: 3:35. virtualhometours1 20,282 views. window['fe-co-content-media-gallery-fe-co-content-media-gallery_1'] = {"noAds":true,"enableVerticalGallery":false,"isOpen":false,"startIndex":0,"title":"","showDescriptions":false,"showThumbnails":true,"theme":"domain","nielsenSite":"","items":[{"mediaType":"image","images":{"original":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_1440,h_961/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428271_1024.jpg","width":"1440","height":961},"tablet":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_1020,h_681/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428271_1024.jpg","width":"1020","height":681},"mobile":{"url":"https://res.akamaized.net/domain/image/fetch/t_web/c_fill,w_600,h_400/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428271_1024.jpg","width":"600","height":400}},"thumbnail":"https://res.akamaized.net/domain/image/fetch/t_web/https://static.domain.com.au/domainblog/uploads/2015/08/05032912/0_906428271_1024-150x150.jpg","description":"Mandalay, Point Piper. Set on a level site, with a ... - $2,584 avg/night - Point Piper - Amenities include: Swimming pool, Internet, TV Bedrooms: 5 Sleeps: 11 Minimum stay from 7 night(s) Bookable directly online - Book vacation rental 7636081 with Vrbo. 87-89 Wolseley Road, POINT PIPER, 2027 Mandalay - Sophistication, Elegance and Grandeur . The Bellevue Hill residence next door has been owned by family member Hu Huiying since 2001 when it was bought for $11,088,000. Domain took an exclusive tour of Mandalay in February when the property hit the market. Mandalay mansion in Point Piper sold for $39.9 million, setting a record for a non-waterfront Australian house. Mandalay, Point Piper. “We’re looking at a huge development opportunity for Great Lakes in what is likely to be a six-star resort that will potentially cost about $200 million to develop,” said general manager of the Great Lakes Council Glenn Handford. Villa del Mare was bought by well-connected Australian resident Lola Li Wang, the wife of Li Liang, a former major player in China’s renewable energy industry. August 2, 2016 1:05PM. Copyright 2015 Black Diamondz. The five-bedroom mansion sits on 1891sq m of land overlooking the Point Piper peninsula, boasting spectacular views of the Sydney Opera House. Last updated August 2, 2016 1:10PM AEST. Photo: Ben Rushton. For $58.5 million, the estate known as “Mandalay” in Point Piper can be yours.The house is … Mr Lee also received DA-approval for a private mansion on the site offering a vast 3000 square metres of internal space three years ago. But it is his 400-hectare eco-resort development, still in the planning stages, that has piqued the interest of the Port Stephens community. “We’ve been working closely with the developer for years and working through the traditional environmental and geographical requirements to identify the opportunities offered by the site.

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