{"id":31077,"date":"2021-03-08T10:49:41","date_gmt":"2021-03-07T21:49:41","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31077"},"modified":"2021-03-08T10:49:41","modified_gmt":"2021-03-07T21:49:41","slug":"missing-businessmans-mosman-home-sells-for-10-52m","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/missing-businessmans-mosman-home-sells-for-10-52m\/","title":{"rendered":"Missing businessman’s Mosman home sells for $10.52m"},"content":{"rendered":"

PHOTO: 28 Fairfax Road, Mosman, recorded one of the biggest auction results at the weekend.<\/strong><\/p>\n

A Mosman home that had been owned by\u00a0missing iProsperity businessman Harry Zhou Xiang Huang\u00a0sold on Saturday for $10.52 million, recording one of the biggest auction results for the weekend.<\/p>\n

Disgruntled creditors had forced the sale of the four-bedroom home at\u00a028 Fairfax Road after Huang and his associate and iProsperity founder Michael Menghong Gu fled the country last year.<\/p>\n

They left behind debts believed to be as much as $350 million after iProsperity collapsed.<\/p>\n

The business had been part of the federal government\u2019s Significant Investor Visa program in which wealthy foreigners were granted fast-tracked residency visas.<\/p>\n

\"28
Inside 28 Fairfax Road, Mosman, which sold at the weekend for $10.52 million.<\/strong><\/em><\/figcaption><\/figure>\n

The Fairfax Road property, which was snapped up by Huang in 2017 for $11.4 million, had three registered bidders, all local families, fight it out for the keys.<\/p>\n

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