For $58.5 million, the estate known as “Mandalay” in Point Piper can be yours.The house is … Buyer of $39.9 million Point Piper mansion Mandalay revealed. 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. 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. “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. But it is his 400-hectare eco-resort development, still in … 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. 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CONTACT AGENT. 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. All rights reserved. Copyright 2015 Black Diamondz. The five-bedroom mansion sits on 1891sq m of land overlooking the Point Piper … Nationwide News Pty Limited Copyright © 2020. Subscribe to the Black Diamondz Newsletter for our latest property information. 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. news.com.au — Australia’s leading news site, Movember 2017: How two Aussie blokes conquered the world. Photo: Ben Rushton. Find out more about our policy and your choices, including how to opt-out. The $39.9 million sale is the highest result this year, and sets a record for a non-waterfront Australian house. Great Lakes Council has already received various environmental studies on the potential development uses of the site. 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. It comes complete east and west wing, a wine cellar, gym, sauna and servants quarters. 87-89 Wolseley Road, Point Piper 'Mandalay' - Black Diamondz - Duration: 3:35. virtualhometours1 20,282 views. The house has a heated pool, gym and sauna. August 2, 2016 1:05PM. “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.”. The Bellevue Hill residence next door has been owned by family member Hu Huiying since 2001 when it was bought for $11,088,000. This truly is one magnificent Point Piper home! 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