Hunters Hill's record $12.5 million riverfront sale

A new Hunters Hill riverfront record has been secured at $12.5 million for a six-bedroom Chevalier Crescent residence.

The buyer is upgrading mining executive Yong Zhang from the Australian uranium explorer Zeus Resources.

The 1,690 square metre property within the Pulpit Point precinct was sold by the Tran family who bought it in 2002 for $5.35 million

The prior Hunters Hill record stood at $10.68 million just next door when a home on 1,300 square metres was sold in 2007 by the Panzarino family, according to RP Data.

The sale took place May 22 through Trisha Guo of First National Gladesville.

Zhang and his wife Chun Feng Wu have owned another Hunters Hill waterfront home, five bedrooms on 784 square metres, which they bought on Mount Street for $4.19 million in 2007.

The mining company website shows Yong Zhang holds a Bachelor of Engineering from Shandong Construction College and has an extensive career in property development, real estate sales and investment. Mr Zhang has extensive property interests in China with over 1,600 employees.

Mr Zhang was instrumental in securing the cornerstone investment in Zeus by China Metallurgical Geological Bureau, via its subsidiary Zhengyuan International Mining Company Limited.

Image courtesy of Google Maps.