{"id":23446,"date":"2020-02-01T13:59:11","date_gmt":"2020-02-01T00:59:11","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23446"},"modified":"2020-02-01T13:59:16","modified_gmt":"2020-02-01T00:59:16","slug":"property-tycoon-richard-gu-misses-out-on-another-high-end-sydney-home","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/property-tycoon-richard-gu-misses-out-on-another-high-end-sydney-home\/","title":{"rendered":"Property tycoon Richard Gu misses out on another high-end Sydney home"},"content":{"rendered":"\n

PHOTO: Cate Blanchett’s Bulwarra house at 6-8 North Parade, Hunters Hill. <\/strong><\/p>\n\n\n\n

Property tycoon Richard Mingfeng Gu has had an unlucky run with Sydney high-end real estate market since he moved here five years ago.<\/p>\n\n\n\n

First, when he was sensationally forced to default on the $19.8 million purchase of Cate Blanchett\u2019s Hunters Hill home and more recently when he failed to complete on a $19 million house in Point Piper.<\/p>\n\n\n\n

It is the third time unlucky for Gu given his bid to buy the Potts Point apartment of prominent architect Deece Giles three years ago<\/a> in the name of his AXF Group later fell over when the company defaulted on the purchase.<\/p>\n\n\n\n

Mr Gu\u2019s latest home upgrade plans were on the luxury three-level residence on Point Piper\u2019s Wentworth Street that dentist and property investor Le Tran bought in 2015 for $16.1 million from Seven\u2019s commercial director Bruce McWilliam.<\/p>\n\n\n\n

\"29a
The Point Piper residence owned by dentist Le Tran returns to the market in coming weeks for $20 million.<\/figcaption><\/figure>\n\n\n\n

READ MORE VIA DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PHOTO: Cate Blanchett’s Bulwarra house at 6-8 North Parade, HuntersRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478108618,478102196,478098546,478101723,478099020,478100688,478108617,478101384,478099136,478098676],"class_list":["entry","author-data123nz","post-23446","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-bulwarra","tag-celebrity-homes","tag-celebrity-property","tag-celebrity-real-estate","tag-prestige-property","tag-property-tycoon","tag-richard-mingfeng-gu","tag-sydney-home-prices","tag-sydney-house-prices","tag-sydney-houses-prices"],"yoast_head":"\nProperty tycoon Richard Gu misses out on another high-end Sydney home - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/property-tycoon-richard-gu-misses-out-on-another-high-end-sydney-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property tycoon Richard Gu misses out on another high-end Sydney home - 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