{"id":29551,"date":"2020-12-09T10:12:31","date_gmt":"2020-12-08T21:12:31","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29551"},"modified":"2020-12-09T10:12:31","modified_gmt":"2020-12-08T21:12:31","slug":"international-fugitives-seaforth-home-sold-off-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/international-fugitives-seaforth-home-sold-off-market\/","title":{"rendered":"International fugitive&#8217;s Seaforth home sold off-market"},"content":{"rendered":"<p><strong>PHOTO: Michael Menghong Gu&#8217;s official home was the Seaforth house owned by his mother Su Ju Bu.<\/strong><\/p>\n<p class=\"first-para\">The Seaforth home of missing international fugitive <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/tag\/iprosperity-group\/&amp;sa=U&amp;ved=2ahUKEwit1dqnpr_tAhVmgtgFHetYBT0QFjAAegQIARAC&amp;usg=AOvVaw0IqY7Xbj36-5bbEs5d5Lku\">Michael Menghong Gu<\/a> has been sold on the quiet just weeks after his <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/25million-mansion-in-sydneys-exclusive-mosman-with-the-beckhams-justin-bieber-and-elton-john-rumoured-to-be-interested\/&amp;sa=U&amp;ved=2ahUKEwjP0K2Lpr_tAhVT6XMBHSmxDaQQFjAAegQIBRAB&amp;usg=AOvVaw10iRWWfHhZqdI7yIQMXhwm\">Mosman<\/a> trophy home was sold off on behalf of mortgagee Credit Suisse for $12 million.<\/p>\n<p>The sale result remains undisclosed by Stone Real Estate\u2019s Maria Cassarino, leaving it to local agents to estimate a sale figure in the $6 million to $7 million range.<\/p>\n<p>The three-level mansion set atop Seaforth Bluff was purchased by Gu\u2019s mother Su Ju Bu in 2015, a week after it was advertised for sale for $5.8 million. Records do not reveal the sale price at the time.<\/p>\n<figure class=\"wp-caption alignnone lead-wide size-full\"><img decoding=\"async\" id=\"1013356\" class=\"size-full alignnone lazyload\" data-src=\"https:\/\/res.akamaized.net\/domain\/image\/upload\/t_web\/v1607325094\/15david_gakadv.jpg\" alt=\"15 David Place Seaforth\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><figcaption class=\"wp-caption-text\"><em><strong>The distinctive three-level residence in Seaforth was sold by Su Ju Bu on the quiet.<\/strong><\/em><\/figcaption><\/figure>\n<p>Records reveal the buyer is Seaforth local Kimberley Fisk, whose husband is Ernst &amp; Young partner Ryan Fisk.<\/p>\n<p>Gu\u2019s <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/tag\/iprosperity-group\/&amp;sa=U&amp;ved=2ahUKEwit1dqnpr_tAhVmgtgFHetYBT0QFjAAegQIARAC&amp;usg=AOvVaw0IqY7Xbj36-5bbEs5d5Lku\">iProsperity<\/a> property empire collapsed earlier this year with debts mounting to as much as $350 million.<\/p>\n<p>A few weeks after administrators were appointed, he and his offsider Harry Huang fled Australia in late July after the Department of Home Affairs gave them permission to travel amid the international border closures of the COVID-19 pandemic. Gu\u2019s whereabouts remain unknown.<\/p>\n<p>Gu and his wife \u201cCherry\u201d Yingzi Xu were residents of their recently sold Mosman home since 2017 when it was purchased for $10 million, however corporate filings indicate the Seaforth residence held in his mother\u2019s name remained his official home address.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/international-fugitive-michael-gus-seaforth-home-sold-on-the-quiet-to-ey-partner-1013407\/\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Why stars are fleeing corona-stricken US for a better life in Australia\" href=\"https:\/\/propertynoise.co.nz\/au\/why-stars-are-fleeing-corona-stricken-us-for-a-better-life-in-australia\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" 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unit<\/a><\/div>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Michael Menghong Gu&#8217;s official home was the Seaforth house<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/international-fugitives-seaforth-home-sold-off-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":29552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478104006,478111206,478113431,478098519,478098535,478113425,478113430,478113429,478106062,478113426,478098969,478099009,478103519,478108689,478113427,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509,478113428,478108679,478098536,478098618],"class_list":["entry","author-data123nz","post-29551","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-credit-suisse","tag-department-of-home-affairs","tag-harry-huang","tag-home-ownership","tag-house-prices","tag-international-fugitive","tag-iprosperity-property-empire","tag-kimberley-fisk","tag-maria-cassarino","tag-michael-menghong-gu","tag-mortgagee","tag-mosman","tag-mosman-mansion","tag-mosman-property","tag-mosman-trophy-home","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news","tag-seaforth-bluff","tag-stone-real-estate","tag-sydney","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>International fugitive&#039;s Seaforth home sold off-market - 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\/international-fugitives-seaforth-home-sold-off-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"International fugitive&#039;s Seaforth home sold off-market - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Michael Menghong Gu&#8217;s official home was the Seaforth houseRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/international-fugitives-seaforth-home-sold-off-market\/\" \/>\n<meta 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