Shopping Center Tycoon Dai Yongge Sells Rose Bay Mansion For $25M

Images courtesy of Sydney Morning Herald

From JustLuxe Content Partner MensGear

Shopping halfway tycoon Dai Yongge sold his Rose Bay mansion for $25 cardinal aft helium listed it successful 2019. Beijing-based HM Skyline, which is controlled by  34-year-old Mu Li, is present the proprietor of the expansive property. 

Mu Li is the lad of billionaire Li Guoqiang, co-founder of 1 of China’s largest car dealers.

He besides bought a  $30.5 cardinal mansion successful Bellevue Hill from the Haikin household of the Max Brenner cocoa concatenation erstwhile helium was 29 years old. He besides shelled retired $27 cardinal for a artifact of onshore connected the Point Piper waterfront. 

The expansive European villa boasts iconic gun-barrel views of Australia’s harbor.

It’s a three-story mansion with 5 bedrooms, an interior lift, and a swimming pool. Yongge’s wife, Zhang Xingmei, purchased the Rose Bay mansion 12 years agone from rag trader Ray Pillion for $17.68 million. He built the residence successful 1999 aft helium purchased the spot successful 1997 for $2.3 million. 

The merchantability of the Rose Bay mansion comes aft a year-long colony and a insubstantial way that includes large names successful China’s billionaire class. Yongge and his sister Dai Xiu Li ain the UK shot nine Reading FC since 2017.

They are celebrated successful China for the occurrence of their institution China Dili (previously Renhe Commercial). The institution gained notoriety successful the 1990s for converting underground weaponry shelters into buying centers successful confederate China. 

Yongge and Zhang’s acquisition of the Rosa Bay mansion spurred the accomplishment of large names from China’s highest echelons of power. 

Notably Xingmei’s associate, Zeng Wei, whose begetter Zeng Qinghong helped Xi Jinping’s emergence to power. Wei’s woman Jiang Mei bought Point Piper’s Craig-y-Mor mansion for $32.4 cardinal successful 2008. She aboriginal had it demolished and rebuild a caller residence.

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