Chinese Tycoon Purchases A Island

By lunaradmin - Apr 14, 2015      

A Chinese tycoon has just purchased a $7.5 million island in New Zealand. Wendy Weimei Wu is the purchaser of the property which is named Slipper Island. The sale involves about 217 hectares of land on the 224-hectare island, an area that includes six houses, stunning beaches and an airstrip.

The island is currently a popular spot for tourists and school campers. If you want to check it out, farmhouse villas on the island range from $250-$750 per night. Maybe you should wait, though, and see what sort of improvements Wu makes. According to the real estate agent, the transaction contract has been signed. Now they are in the process of doing due diligence, which should take about a month.


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