Li family make big impact

RIYU Li and family have been in both buying and selling mode since they emerged in the public sphere on the Gold Coast in 2009 with the $24 million purchase of multiple properties on Ephraim Island at Paradise Point.

Their buying has ranged from an oceanfront high-rise, to a tower site, to major rural holdings and up-market homes.

The Li selling has taken an exit from the $1 billion Jewel project and one of the homes, with the mansion which is the biggest of them all on the market.

The property forays by the Li family and related entities, in addition to their Tallebudgera buys, have involved:

• Two houses, a villa and eight housing blocks on Ephraim Island at Paradise Point, sold down over the years.

• A 1.3ha holding in Old Burleigh Rd on which the three-tower Jewel hotel and apartments project is heading towards completion later this year. The site was bought for $81.8 million in 2010. Mr Li exited the project in two stages to other Chinese.

• A riverfront mansion in Cannes Ave, Surfers Paradise, which was bought for $3.888 million in 2012 and sold for $7.5 million last year.

• Timeshare tower Surfers Royale, bought for $22.37 million in 2015.

• A 12.4ha sugarcane property at Eagleby, secured for $830,000 in 2017.

• A stake in a consortium led by a Macau casino operator which in 2019 paid $56.5 million for the oceanfront site on which Chinese company Forise had been planning a supertower called Spirit.

• A waterfront Mermaid Waters house built for socialite Jenny Wong, bought for $3.25 million in 2017. An adjoining home was a $1.38 million buy.

• Two properties on Mt Tamborine – on 1.64ha for $1.5 million in 2018 and 220ha for an undisclosed price in 2017.