{"id":30075,"date":"2021-01-14T07:40:19","date_gmt":"2021-01-13T18:40:19","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30075"},"modified":"2021-01-14T08:20:31","modified_gmt":"2021-01-13T19:20:31","slug":"another-abandoned-trophy-home-to-be-sold","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/another-abandoned-trophy-home-to-be-sold\/","title":{"rendered":"Another abandoned trophy home to be sold"},"content":{"rendered":"<p><strong>PHOTO: The multi-level home faces north and has spectacular views. <span class=\"image-source\"><em>Source: Supplied<\/em><\/span><\/strong><\/p>\n<p class=\"intro\">Less than two months after the bank sold the abandoned <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=2ahUKEwigg7Ocx5nuAhXDX3wKHZSRD4sQFjAAegQIBRAB&amp;usg=AOvVaw0GqsKrG5KgSpJrJzyy9XHC\">Mosman<\/a> mansion of failed businessman <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/tag\/michael-gu\/&amp;sa=U&amp;ved=2ahUKEwj08-Kmx5nuAhVigtgFHXymBx0QFjAAegQIABAB&amp;usg=AOvVaw1YaT8Qxdz_By9oNr5Jqq0t\">Michael Gu<\/a>, another financier has moved to sell Mr Gu\u2019s business associate\u2019s trophy home nearby.<\/p>\n<div id=\"contentWrapper\">\n<article id=\"story\">\n<div class=\"w650 h487 image media primary\">\n<div class=\"image-wrapper\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/cdn.newsapi.com.au\/image\/v1\/f9d2159fa60cfbe73abb2ab811fd6f1b?width=650\" width=\"650\" height=\"487\" \/><\/div>\n<p class=\"caption\"><em><strong>Dream home \u2013 28 Fairfax Rd, Mosman. <span class=\"image-source\">Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n<div class=\"story-content\">\n<p>No.\u00a028 Fairfax Rd, Mosman, is owned by Harry Huang, who was chief financial officer and group director of the collapsed property group iProsperity, founded by Mr Gu, who fled Australia in July last year with company debts of about $350 million.<\/p>\n<p>Mr Huang has also disappeared, reportedly leaving Australia with Mr Gu on July 26.<\/p>\n<p>The bank moved in to sell Mr Gu\u2019s home at\u00a010 Superba Pde\u00a0in November last year, and it sold prior to auction for $12 million \u2013 $2 million more than the failed businessman bought it for in 2017, according to CoreLogic records.<\/p>\n<p>The property was mortgaged to Credit Suisse, which has taken possession of the Balmoral slopes home and appointed Tim Foote, of Belle Property Mosman, to sell it with a guide of $9 million.<\/p>\n<p>Mr Foote and colleague Stefon Bertram have now been appointed by one of the mortgagors of Mr Huang\u2019s Fairfax Rd home to sell the property via an expressions of interest campaign.<\/p>\n<p>Mr Foote told the\u00a0<i>Mosman Daily<\/i>\u00a0he had sold the home to Mr Huang in 2017, with CoreLogic records showing he paid $11.4 million for it.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/another-abandoned-mosman-trophy-home-linked-to-collapsed-iprosperity-group-to-be-sold\/news-story\/d763058e6be4fd42013978f9b9035ede\">NEWS.COM.AU<\/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=\"Ex MasterChef Australia Judge sells mansion - after being embroiled in an underpayment scandal\" href=\"https:\/\/propertynoise.co.nz\/au\/ex-masterchef-australia-judge-sells-mansion-after-being-embroiled-in-an-underpayment-scandal\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2021\/01\/George-Calombaris.jpg?fit=636%2C382&amp;ssl=1&amp;resize=40%2C40\" alt=\"Ex MasterChef Australia Judge sells mansion - after being embroiled in an underpayment scandal\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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Mum&#8217;s &#8216;$5 challenge&#8217; is branded the &#8216;must-follow&#8217; money-saving trick for 2021<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: The multi-level home faces north and has spectacular views.<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/another-abandoned-trophy-home-to-be-sold\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":30076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478114152,478114151,478098512,478098521,478114154,478104006,478114150,478113431,478098519,478098535,478111201,478114153,478103519,478098513,478098873,478098579,478098510,478098514,478098511,478098533,478098509,478098645],"class_list":["entry","author-data123nz","post-30075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-0-superba-pde","tag-28-fairfax-rd","tag-australia","tag-australians","tag-corelogic-records","tag-credit-suisse","tag-failed-businessman","tag-harry-huang","tag-home-ownership","tag-house-prices","tag-michael-gu","tag-mortgagors","tag-mosman-mansion","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-trophy-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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