Two abandoned, unfinished one-of-a kind Chinese mansions in Perth’s south, have been snapped up sight-unseen for $4.29 ($4,290,000) million by a Victorian based not-for-profit association. 

Set across a sprawling 4.48ha site at 6 Coffey Road and 341 Beenyup Road, Banjup, the striking residences, known as Chinese Style Confucius Mansion, was built as a multigenerational home between 2014 and 2017. 

The builds were left incomplete after the owner returned to China for family reasons, and the residences' combined 80 plus rooms have never been used. 

The buildings were abandoned after the owner returned to China for family reasons. Picture: realcommercial.com.au/buy

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Boasting 10,000sqm of living space, the buildings include multiple conference halls, bedrooms with ensuites, living areas, several kitchens and study areas, a library, museum and private dining rooms. 

One of the stately buildings is adorned in bright red and yellow, which are considered lucky colours in Chinese tradition. 

Four courtyards have been designed in line with the customs of Feng Shui teachings, while roses and statues worth some $100,000 each, were imported from China. 

Its listing described the mansions as an opportunity to “become stewards of cultural heritage, fostering a legacy that celebrates Chinese tradition and community spirit.” 

One of the buildings feature traditionally lucky colours – read and yellow. Picture: realcommercial.com.au/buy

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Erwin Edlinger, founder and managing Director at Effective Property Solutions sold the mansions prior to the scheduled June auction day on behalf of Superworld Holdings, run by Chinese billionaire James Tan. 

Set to settle in a week or two, Mr Edlinger said the sales campaign for the mansions was the most rampant he had seen in his career. 

He fielded more than 250 enquires from local, and offshore companies, with many being high-net worth Asian groups, he said. 

The unconditional cash offer from the Victorian non-for profit organisation - which has a head office in China - won out and they have plans to complete the build and use it for Asian cultural purposes. 

“They hadn't even seen it, but were aware of the property, and its cultural significance, and that's why they sort of came in really hard at the start,” Mr Edlinger said. 

The buildings have been constructed to adhere to Feng Shui principles. Picture: realcommercial.com.au/buy

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“Obviously, they’re well-funded by their donors, their sponsors I would have thought, and we were negotiating with them for a couple of weeks before the auction.” 

Mr Edlinger said he had taken builders and developers through the abandoned buildings, who estimated it was likely to cost the new owners up to $10 million plus to complete the construction. 

The mansions sit on a nearly 4.5ha site. Picture: realcommercial.com.au/buy

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Built by Apex Construction, and designed by Chinese architects, Mr Edlinger did not know the exact sum Mr Tan spent on the build but said other reports estimating it cost $75 million were off the mark. 

Located about half an hour south of the Perth CBD, Banjup has seen eight house sales with a median price of $1,475,000 from November 2022 to October 2023, according to PropTrack data.