{"id":31752,"date":"2021-04-16T09:23:43","date_gmt":"2021-04-15T21:23:43","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31752"},"modified":"2021-04-16T09:23:43","modified_gmt":"2021-04-15T21:23:43","slug":"millennial-multimillionaire-william-wu-goes-on-50m-property-buying-spree","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/millennial-multimillionaire-william-wu-goes-on-50m-property-buying-spree\/","title":{"rendered":"Millennial multimillionaire William Wu goes on $50m property buying spree"},"content":{"rendered":"

PHOTO: The Bellevue Hill residence William Wu bought a year ago for $11.08 million is set to return to the market in coming weeks after a lavish renovation. Photo: Supplied<\/strong><\/p>\n

William Wenhao Wu is only 28 but that hasn\u2019t stopped him from snapping up more than $50 million worth of real estate in the past 12 months, all of it in the well-heeled eastern suburbs.<\/p>\n

Likely helping to fund it all is his mother, Jing Wang, who heads up the Chinese-backed property developer Mayrin Group, of which Wu has been a director since he entered the workforce six years ago.<\/p>\n

And if his mother\u2019s property acquisitions are\u00a0added to the family portfolio, the total real estate spend of recent years is almost $100 million.<\/p>\n

\"William
William Wu is a director of the family\u2019s Mayrin Group.<\/strong><\/em><\/figcaption><\/figure>\n

Vaucluse<\/a> is clearly the family\u2019s preferred address given that the family home was purchased by Ms Wang in 2018 for $20.8 million from hotelier Marcus Levy and his wife Vanessa Sanchez-Levy.<\/p>\n

And early this year Ms Wang bought again, paying more than $25 million for a waterfront house on Vaucluse\u2019s Carrara Road from Margaret and Richard Prokop, directors of scaffolding group Natform.<\/p>\n

Wu, whose first home in Sydney<\/a> was a one-bedroom pad on the waterfront at Barangaroo in 2015 for $2.39 million, upgraded to the east a year ago, paying $11.08 million for the Bellevue Hill mansion of developer Barrie Nesbitt and his wife Emma.<\/p>\n

A few months later Wu lodged a caveat on the Herman family\u2019s Vaucluse home for about $13 million on a delayed settlement, and in February bought a Vaucluse Road property in a company name for about $7.4 million for its good view.<\/p>\n

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