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Shopping bag tycoon Frank Geng secretly sells his Rose Bay mansion and buys Rockleigh in Point Piper

Broadcast United News Desk
Shopping bag tycoon Frank Geng secretly sells his Rose Bay mansion and buys Rockleigh in Point Piper

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A year later, Mr Geng sold his historic Hunters Hill home Cleverton for $6.55 million.

Geng didn’t rely solely on his previous properties to buy these beautiful homes. An economics professor in Asia, Geng made his fortune in an innovative sustainable materials business, wholesaling recyclable and printed cloth shopping bags before expanding Intex’s business to include everything from coasters and bottle openers to portable coffee mugs, pens and notebooks.

Architect Bruce Stafford designed the Rose Bay residence on behalf of previous owners Beverley and Kevin Burmeister.

Architect Bruce Stafford designed the Rose Bay residence on behalf of previous owners Beverley and Kevin Burmeister.Credit: field

In the decade since Geng joined the community, the values ​​of Rose Bay Waterfront have been recalibrated several times.

Retailers Brett Brundy Score USD 47 million in 2018 When he sold it James Parker Money Man Lawrence MyersSenior Stock Broker of 2021 Brent Potts Sells Villa Florida to Coverforce founder Jim Angeles,the latter A $18.6 million reconstruction plan was immediately submitted.

A forex trader is still drafting plans for a new beachfront home Tony CollickHe spent $36.6 million to combine a house and an apartment building into a single-family home.

Hunter Hill High School

Telecom Entrepreneur Tony Hakim This week he sold his non-waterfront home ahead of next week’s auction, which is expected to set a record for Hunters Hill.

The Hakim family home is located on 2000 square metres of land in Hunters Hill and has one of the few tennis courts in the suburb.

The Hakim family home is located on 2000 square metres of land in Hunters Hill and has one of the few tennis courts in the suburb.

McGrath’s Tracey Dixon would not reveal the result, but her price guide was more than $18 million, with local sources suggesting the property sold for closer to $20 million, well ahead of the previous high of $19 million set for the Windermere estate. When it was sold by a Chinese real estate tycoon Kuizhang Guo “Sam” Go to Bar Baron Sean O’Hara.

The end of the peninsula holds its own record, held by the Vailele mansion, which sold from 2017 for $22.18 million.

Hakim, who made his money through phone bundling business National Telecom Group, has owned the 2000-square-metre property, which includes one of the few tennis courts in the suburb, since 2002. He paid $4.4 million for the property, which is priced at $1.3 million. Glenda Barnes.

The Woollahra home sold by Tiffany Tilley was listed at $4.9 million and sold for $4.6 million.

The Woollahra home sold by Tiffany Tilley was listed at $4.9 million and sold for $4.6 million.Credit: field

A refuge for the rich

Rich List Fiona Tudor Brown has purchased another eastern suburbs sanctuary, buying a Woollahra home that was once the home of a socialite for $4.6 million. Tiffany Tilly.

Brown co-founded ASX-listed IT distributor Dicker Data in 1978 with her ex-husband David Dick And in this year AFR Rich List 200 She has an estimated wealth of $752 million and is based in Mittagong, but she also owns a $5 million townhouse in Paddington, which she purchased in 2021.

In 1978, Fiona Tudor Brown co-founded IT distributor Dicker Data.

In 1978, Fiona Tudor Brown co-founded IT distributor Dicker Data.Credit:

Tilley is doing well on this sale, as she recently relisted the house with Courtney Wong and Maylin Liu of BlackDiamondz, despite listing it last year for $4.9 million. The house last traded two years ago for $3.32 million and received Marco Meneguzzi Interior design since then.

Tilley is moving to a $3.58 million residence in Rockwall Gardens in Potts Point.

Rely on Bilgolla

The Bilgola Beach house, also known as the Serpentine House, has sold for $6.75 million.

The Bilgola Beach home, also known as the Serpentine House, has sold for $6.75 million.Credit: field

Bank Boss Clive Van Hollen Most recently, he was appointed CEO of superannuation and wealth giant Colonial First State, and subsequently purchased a $6.75 million home in Bilgola Beach.

Clive van Horen took up the top job at Colonial First State earlier this year.

Clive van Horen took up the top job at Colonial First State earlier this year.Credit:

Excavated by designers, designed by architects Michael Muir The property, called Serpentine House, last traded in 2021 for $5.35 million, and it was a small sea change for Van Hollen, a long-time resident of Gordon on the Upper North Shore.

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