Real Estate

chinaaes golden week holiday deliver boost for pymble estate

Written by The ReReport

No. 56A Telegraph Rd, Pymble, is very popular with Chinese buyers. It is expected to sell for more than $10 million.

With plenty of cashed up Chinese buyers in the country this week for their Golden Week holiday, it shouldn’t come as a surprise that some are looking on the north shore.
One of the homes that has caught the attention of these property buyers is a Feng Shui-designed home at 56A Telegraph Rd, Pymble.
Listed with Black Diamondz Property Consultants agents Monika Tu and Barbora Marcinkova, the six-bedroom home known as Sunforge, is expected to sell for more than $10 million.

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Ms Tu said this incredible estate ticked all the boxes for Chinese buyers.

Real EstateThe Telegraph Rd home sits on 2746sqm of land and has a 400m long driveway.

“Chinese love modern properties that are very private and have a lot of land like this one,” she said.
The so-called Golden Week runs from October 1 until October 15 and is a time when everyone is looking to buy property, Ms Tu says.
“A lot of our high-end buyers are time poor, so the Golden Week is a dream for them, to be able to have a week to come to Australia and look at homes,” she said.
With Golden Week nearly over, Ms Tu said she has had 12 groups from China look at the Telegraph Rd property in the past week.

Real EstateThe modern home has many designer finishes.

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“All the buyers looking are families, looking to move into the area for the schools, which is the biggest draw card for them” she said.
Sitting on 2746sqm, the home has a pool with gym, movie theatre and a main bedroom with spa.
Ms Tu said Chinese buyers with Australian visas were still very active in the market, despite changes to foreign ownership laws.
The property is due to go to auction on November 25.


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