A WA council has approved a 40,000sq m home on a 475ha site an hour south of Perth.
The home at Chittering, Madalyn Manor, will comprise 26 rooms across four floors.
It will include four specialised kitchens for French, Swedish, Japanese and Italian cuisine, a four-storey wine cellar, grand ballroom and dining room, 10 collection rooms to display the owner’s antiques and paintings collection, a car museum, and multiple sports courts including indoor beach volleyball, basketball, and squash.
The house will be accessed by a tunnel driveway and also boasts a rooftop pool and entertainment area, rooftop helicopter pad, basement garage, three lakes in the surrounding landscaping and staff accommodation.
It will also have a rooftop and indoor cinemas, nightclub, music studio, an arcade featuring laser tag, and a bowling alley.
The project construction value has been estimated at $200 million. It has been approved by the Shire of Chittering.
That owner is Mataki Lim, a developer and inventor of the NXT Building System—unsurprisingly this home will be built using that precast building technology, which recently brought a house to lock-up in four days, according to the company.
Lim is a “self-made multi-millionaire whose impressive career as a property developer, registered builder and in structural and mechanical engineering spans over 30 years,” the company said.
“After migrating to Australia at the age of 14, Mr Lim put himself through university, graduating with a Bachelor of Architecture from the University of Western Australia, becoming a Registered Builder and running a successful construction company before retiring in 2006.
“His building experience led to his pursuit for an improved construction industry and his property developments, such as the Wyndham LUX Perth Hotel, and Madalyn Manor will showcase his superstructure building technology, the worldwide patented NXT Building System.”
Designed by Lim and NXT’s architectural team, the house “will set a benchmark for sustainable, world-class luxury and quality developments”, the company said.
“Chittering Manor will be surrounded by botanical gardens and flora that are native to Chittering, and 6000 new native trees will be planted around a 10km boundary for a charitable initiative called Tree for Life.”
Located next to the planned Chittering Eco-resort and Estates. which will comprise luxury guest villas, restaurants and a professional golf course, the construction of Madalyn Manor is expected to employ 170 people, supporting 20 jobs once fully operational in addition to the 350 jobs Chittering Resort will create, the company said.
“Named after my late daughter Madalyn, the built residence will be a culmination of a shared dream between the two of us, with Madalyn working closely with me on the home’s design,” Lim said.
News of the approval comes as suburbs in Perth’s south were indentified as the most affordable in the nation.
According to the PropTrack Affordability Hotspots Report, Western Australia has emerged as Australia’s affordability havens with just over half of all regions across the country containing homes that are affordable for those on median incomes.
Tenants in the WA capital, however, have endured the nation’s sharpest rise in rents, up 15.5 per cent year-on-year, according to the latest PropTrack Market Insight Report.
Rents in the city rose 5.8 per cent across the first quarter of the year to reach a median of $635 a week. Only Sydney’s are higher.
Meanwhile, in Sydney, an Australian real estate record could fall with the listing of a harbourside mansion with a $200-million price guide.
On the block is Aussie Home Loans founder John Symond’s Point Piper home, Wingadal.
If it realises that, the sale price would smash the current record of $130 million paid by Scott Farquhar and his wife Kim Jackson,for Uig Lodge, also in Point Piper.
Farquhar last month stepped down as co-chief executive of Atlassian while Jackson is a venture capitalist.
“Wingadal has been a special home for my family over the past two decades, and now I’m looking forward to spending more time travelling overseas,” Symond said.
“While being an exceptional family home, we have also enjoyed hosting many important events for charities and other worthwhile causes.”
Spread over a 2767 sq metre block with a 98m water frontage, the four-level home is the largest waterfront property on Point Piper’s western edge.
It includes four bedrooms and a two-bedroom apartment, entertaining areas for 500 people, undercover parking for 20 cars, pool, wine cellar for 2500 bottles, a 22-seat theatre and two commercial kitchens.
Symond put the home on the market in 2017 and received an offer of $110 million but decided to keep it.
The home is listed with Ken Jacobs of Forbes Global Properties in association with Brad Pillinger of Pillinger.
