The property portfolio of the multivitamin millionaires: How rich list couple have snapped up some of Australia’s most stunning homes
- Sale of three level luxury home smashes record for exclusive Sydney lower north shore suburb Lavender Bay
- Vitamins and supplements moguls Jina Chen and husband Alex Wu brought home for a reported $16.5million
- Latest addition to the Nature’s Care founders’ property portfolio as the couple remain on AFR’s Rich List
- New home has six bedrooms and bathrooms, top floor retreat, commercial kitchen and gas heated pool
Rich list vitamin and supplements moguls Jina Chen and her husband Alex Wu have smashed a record for Sydney’s lower north shore with the latest addition to their property portfolio.
The Nature’s Way founders will soon call Lavender Bay home after snapping up a stunning luxury six bedroom home which had been on the market for just three weeks.
The price remains undisclosed by Belle Property Mosman but sources say it was for more than $16.5 million, smashing the $16.28 million suburb record set in 2017, Domain reported.
It’s the fifth double-digit sale for the exclusive suburb in two years.
Jina Chen and Alex Wu reportedly paid more than $16.5million for this Lavender Bay home, a record price for the suburb
The luxury home with spectacular views used to be a 1930s block of units before it was bought by interior architect and start-up investor Christina Wood and her husband Chris Bedingfield in 2008 for $5.3 million.
The couple transformed the property into a single home, now considered one of Sydney’s finest residences.
‘The main residence is nothing short of a masterclass in style and sophistication, with multiple formal/casual living spaces, grand bedrooms and stately grounds, completely enveloped by panoramic views of Sydney Harbour, the property description states.
‘This incredible family home sets a new benchmark in ultra-luxury, international living.’
Features include a gas heated inground pool (pictured), separate staff accommodation, internal lift andunderfloor heating
A retreat for adults takes up the entire third top floor complete with a balcony and jaw dropping panoramic views, balcony, while the other five bedrooms are hotel-sized, each with their own dressing room and ensuite.
The commercial grade kitchen is every cook’s dream with two Miele dishwashers, two French-door fridges and appliance range with double oven/teppanyaki grill/steamer/wok burner/gas hobs.
Other stunning inclusions include a gas heated inground pool, separate staff accommodation, an internal lift, underfloor heating, reverse cycle air and video security.
The home will settle in a company name owned by Ms Chen and Mr Wu later this year.
Even the fully-equipped commercial kitchen with the latest appliances has stunning panoramic views of Sydney Harbour
The luxury home has six bedrooms and bathrooms, including a master retreat which takes up the entire top floor
The couple have spent the last four years on Sydney’s northern beaches, after buying an eight-bedroom mansion in Ingleside for $7.7 million in 2015.
They also bought 322-hectare historic property Rockview, Hunter Valley’s largest grazing property for $5million last year.
Ms Chen and her husband founded Nature’s Care in 1990 after she began researching natural Chinese remedies to help cure her father’s persistent cough.
It’s grown from a small local business to a multinational company which distributes to USA, Canada, China, Taiwan, Japan, Korea, Hong Kong and Thailand.
The Taiwan-born couple sold a controlling stake of the business to Beijing-based private equity fund JIC Investments and Tamar Alliance Fund for $360 million last year.
The deal saw the couple cement their place on this year’s Australian Financial Review’s Rich List, ranked 128th with an estimated $758 million.
The Nature’s Care founders also bought grazing property Rockview in the Hunter Valley’s for $5million last year