$20M FOR 9 SOVEREIGN ISLAND PROPERTIES
A GOLD Coast couple has snared nine properties in less than two years to join former mining magnate Clive Palmer in the $20 million club on Sovereign Islands.
And the latest buy is expected to trump the lot.
Matthew and Joanna Malec are planning to build a three-level mansion with basement parking for 18 cars at 41 Brittanic Crescent. The top floor will include an indoor pool, spa and gymnasium.
The property had a house on it when they bought it for $3.4 million in 2018 but has since been cleared.
The 1250sq m site has been described as offering a “mesmerising northerly panorama”. The block is next to a home bought for
$11 million late last year by a Hong Kong billionaire’s daughter.
The Polish-born Malecs have bought nine Sovereign Islands properties since July 2018, spending more than $21 million.
Their latest buy, at 3 The Peninsula, settled in December. Seven of the properties have been bought through company The Development Collection and two via 40-year-old Joanna.
Mr Malec, 43, started a courier business in Victoria in 1997 and, as Malec Brothers Transport, it mushroomed into a logistics company with plantation and logging operations and with a US base.
The family has entered the Gold Coast supermarket and fresh-food business since arriving in the city. The planned Brittanic Crescent house, with a floor area of 1198sq m, will pale in size alongside neighbouring property Sienna but trounce it for parking.
That three-level Sienna spans 2168sq m and has basement parking for five cars – 13 fewer than the Malec basement.
Sienna was bought for $11 million in September by Crystal Choi, two months after she had spent $10.5 million buying two other Sovereign homes.
She is the daughter of
Hong Kong tycoon Francis Choi Chee-ming, known as the “King of Toys”.
The Malecs and Ms Choi have joined Clive Palmer in the $20 million-plus club at the Sovereign Islands.
The buys by Mr Palmer and family have included the $9.5 million purchase 10 years ago of a giant that surpasses Sienna and the planned Malec house in size – it spans 2500sq m and has six bedrooms, 11 bathrooms, and a 22-car basement.
ON THE QT, P10