Rich Chinese have spread their wealth around by snapping up ultra-luxurious mansions all over the globe, from Vancouver to Melbourne, but now it’s a little old place right near home that’s turning heads and catching buyers’ eyes.
This lavish estate in Suzhou was recently put up on real estate website Mansion Global, and marketed as “China’s most expensive home.” The asking price? An even 1 billion yuan.
So, apart from the price tag, what’s so extraordinary about this place? Well, how does 32 bedrooms and 32 bathrooms sound> Inside a 72,414-square foot classical Chinese estate that also includes a private pond, enormous swimming pool and a massive wine cellar. Oh, it is also has picturesque views of the beautiful Dushu Lake.
Check it out:
Located in Suzhou, the home has quite a unique name: “taohuayuan” (桃花园), which symbolizes “utopia” or “paradise.” Despite its incredibly expensive price tag, there appear to be several buyers who are anxious to get their hands on the estate. Intriguingly, one listing agent told Mansion Global that there are “quite a few overseas clients” who have shown interest in the home.
But is this really the most expensive home in China? A mere 1 billion RMB? Well, in 2015, private real estate mogul Jack Ma bought up a home on The Peak in Hong Kong, for a reported amount of 1.5 billion HKD (1.29 billion RMB) — and he doesn’t even get a pond.
By Katie Ngai
[Images via Beijing Sotheby’s International Realty]