A millionaire casino high roller who served as a deputy to controversial Chinese billionaire and property developer Huang Xiangmo has barely made a profit on the sale of his stunning Sydney waterfront mansion.
Updated property records, reveal Xiongming Xie who is on bail while facing ongoing criminal proceedings, score $4.05 million for his luxury Hunters Hill home.
This is $800,000 less than the initial $4.85 million price guide on the property at the end of last year, but $70,000 more than what Mr Xie paid in 2013.
CoreLogic reports the new owner of the property is Alexander Geokjian, the chief executive officer of Blue Sky Building and Restorations in Artarmon.
Since settling on Bonnefin Rd mansion three weeks ago, Mr Geokjian has already listed it for rent with a $2800 per week asking price.
The sprawling Hunters Hill estate on 986sqm boasts uninterrupted views across the Lane Cove River and Fig Tree Bridge.
Despite having a swimming pool, modern interiors and an ensuite main bedroom, the mysterious gambler, who also owns another property in Galston, might be glad to see the back of the house.
In June 2016, Mr Xie survived a stabbing attack in front of the home when he and his driver were set upon by two unknown men of Asian appearance. He was seriously wounded in the attack and spent weeks in hospital. The perpetrators are still at large.
Mr Xie is facing ongoing charges after he threatened a man with a knife and demanded the transfer of a $10 million property. He was granted bail in January after prosecutors downgraded the original charges
His lawyers confirm he strongly denies the allegations and will be “defending them vigorously”.
The matter will remain in Local Court for a defended hearing, which is set to proceed in late 2020, or early 2021
The sale follows media reports last year that identified Mr Xie after Mr Xie as a major player at Australian casinos, gambling upwards of $100 million.
He was reportedly paid by Crown a percentage of the turnover of Asian high rollers he lured to Australia, earning hundreds of thousands of dollars between 2013 and 2017. Mr Xie has not publicly responded to the allegations.
Mr Xie was also deputy to the controversial Huang Xiangmo at The Council for the Peaceful Promotion of the Reunification of China, a Chinese Communist Party lobbying body in Australia. Huang’s permanent residency visa was cancelled in December 2018 by the Morrison government.