Villa del Mare has been onsold: Treasurer Joe Hockey tells Reuters of mystery Point Piper sale

Treasurer Joe Hockey has told Reuters the re-sale of the Point Piper trophy home, Villa del Mare has taken place.

Nothing publicly has occurred, but an Australian buyers have been found by its the billionaire owner Xu Jiayin (許家印 also known as Hui Ka Yan).

There was a 90 day divestiture order Treasurer Joe Hockey that announced to force the sale of the $39 million Point Piper trophy home, Villa del Mare.

"The property that has been reported has been re-sold to an Australian citizen, and we are investigating around 100 other cases," Joe Hockey told Reuters.

"In some cases people are disclosing their own failure to comply with the law."

No details on any off market sale have emerged, other than the Treasurer's comments to Reuters' Matt Siegel and Paul Ingrassia, being then reported first on News Ltd, then Fairfax Media websites later.

The forced sale by one of China's richest men Xu Jianyin followed a crackdown on enforcing foreign ownership rules.

The head of the Evergrande Real Estate Group was given 90 days on March 3 to divest the property as it was deemed to have been bought without approval from the Foreign Investment Review Board.

Agents were not aware the property has been shown since the order.