Mystery gold mining businessman seeks $40 million for Vaucluse home | Lucy_Macken
John Li has hit a hurdle on the DA plans for his Vaucluse and Point Piper trophy homes.Melbourne’s diesel businessman Devesh Mishra has made set a Balmain record.Gold mining businessman “John” Changjin Li has been an enigmatic figure in Sydney’s trophy home market since he first made headlines in 2020 by buying Point Piper trophy home Edgewater for $95 million.
Li is hoping to do just as well again on his home in Vaucluse, which is being offered to buyers for $40 million-plus through Christie’s Shane Clinton. The off-market sales campaign follows a Woollahra Council decision to knock back a DA to demolish the houses to build a $10.2 million mega-mansion on the site, although Li is expected to pursue the DA through the Land and Environment Court even as the property is being offered to buyers.Li’s grand home plans have also suffered a setback on Edgewater in Point Piper after council knocked back his DA for $4.4 million worth of “alterations and additions”.
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