The Point Piper house carrying $166m in debt

Edgewater, a $95 million waterfront mansion in Sydney’s Point Piper linked to gold miner John Changjin Li and his estranged wife Maria Meihong Yang, is now in liquidation with approximately $166 million in mortgage debt against an estimated property value of $130 million to $150 million, according to a report by liquidators DVT McLeods, with major creditors including JL Chatswood 2 ($80.77 million), Athena Rose Capital (more than $78 million) and Initium Capital ($5 million), the latter two having also recently entered receivership.

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