PHOTO: Richard Gu’s AXF Group pulled out of a Potts Point apartment purchase just 18 months after defaulting on Cate Blanchett’s Hunters Hill home. Photo: Arsineh Houspian.
Chinese property developer Richard Mingfeng Gu made his name in Melbourne as one of the rising stars in property development, but in Sydney’s property circles his family company is better known for defaulting on the $19.8 million purchase of Hollywood star Cate Blanchett’s Hunters Hill mansion.
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