Point Piper


PHOTO: The iconic harbour view from the block of land in the foreground, with Aussie John Symond’s mansion in the far right.

An intriguing block of rubble on the Point Piper waterfront is set to hit the market for about $25 million seven months after it last traded.

The 733-square-metre property was previously owned by Hugh Huang, son of Shanghai-based shipping magnate Shannian Huang, who had knocked down the original 1970s-built residence amid plans to build  a Tzannes Associates-designed residence as part of his agreed Foreign Investment Review Board-approval of the purchase.

However, Huang did an abrupt U-turn on those plans late last year and instead put the demolished block up for sale, pocketing $22.5 million from it in January from a mystery buyer who bought it in the name of his accountant Peter Wyer.