Chinese billionaire's plan to transform two luxury Sydney homes into harbourside mega-mansion
A Chinese billionaire is pushing ahead with plans to transform two luxury Sydney homes into one harbourside mega-mansion.
Despite a Woollahra council knockback, the $22m dream renovation could still go ahead.
A young property mogul's renovation fantasy sits perched high on the exclusive cliffs of Vaucluse.
The neighbouring properties overlook Sydney Harbour from Queens Avenue.
A Shanghai-native, Lin and his family bought numbers 6 and 8 for $52m in 2015.
The 29-year-old Chinese national has submitted an elaborate development application to demolish the smaller of the properties and merge the land into one mega-mansion.
Once finished, the property would boast 14 bedrooms, 18 bathrooms, 10 car spaces, an infinity pool and spa, plus a 20-seat cinema.
But it seems money can't buy everything, with Woollahra Council advising, "enough is enough," criticising the plan over its height, size, bulk and scale.
Local agents say there is no guarantee Mr Lin's proposed design and style would add significant value to his investment.
"It depends on what they're going to do and how sympathetic it is to the houses around them," LJ Hooker director Bill Malouf says.
Mr Lin's ambitions haven't quite been buried yet, however.
Due to the grand nature of the renovations, the application will be assessed by the Sydney Central Planning Panel next month.
Mr Lin's agent is still hopeful the big renovations will get the big tick of approval.
