Two abandoned palatial mansions built by a Chinese billionaire for $75 million were sold just days before going up for auction.
The sprawling side-by-side mansions in the southern Perth suburb of Banjup, 30 minutes from Perth’s CBD, have sold for an undisclosed sum.
The property was left incomplete and has never been lived in after the owner, Chinese education billionaire James Tan, returned to China for family reasons.
Spread over 4.5 hectares of land, the two houses have a combined space of 10,000 square meters.
The stunning properties feature over 80 rooms, including 20 en-suite bedrooms, several kitchens with private dining rooms, a library, a multi-functional theatre, a museum and multiple large conference rooms.
There are also swimming pools and four patios, designed according to the teachings of Feng Shui.
Built between 2014 and 2017, the complex cost $75 million and was named the Chinese-style Confucius Mansion by its owner.
It was designed in a fusion of Jingpai and Huizhou architectural styles, with one house designed for daily living and the other for entertaining.
The property was left incomplete and has never been lived in after the owner, Chinese education billionaire James Tan, returned to China for family reasons.
Spread over 4.5 hectares of land, the two houses have a combined space of 10,000 square meters.
The complex is located on Lot 88, a number that symbolizes fortune and good luck in Chinese culture.
One of its buildings is adorned with bright red and yellow colors, which are lucky colors in Chinese tradition.
Effective Property Solutions head of international markets Leon Siew said it had received strong interest from the Chinese community.
“There’s a reason why there’s been so much interest from Chinese buyers: they actually like the uniqueness of the design and architecture, it reminds them of home,” Mr Siew said.
The stunning properties feature more than 80 rooms, including 20 en-suite rooms, several kitchens with private dining rooms, a library, a multi-functional theater and a museum.
‘Although somewhat dilapidated, this Chinese-style mansion is majestic. “It’s 90 percent finished, just missing some cosmetic finishing,” said sales agent Leon Siew.
‘Although somewhat dilapidated, this Chinese-style mansion is majestic.
“It is 90 percent complete, just missing some cosmetic finishing,” Mr Siew said.
Mr Siew said the owner told him he had spent $75 million on the houses, including land and statues, but that the statues had been stolen.
About $1.5 million was spent on the rose garden alone, which has since disappeared.
Estimates to complete the equipment of the building range between 2 and 5 million dollars.
