Taohuayuan – a newly built garden home in Suzhou, China, has just hit the market with an asking price of 1 billion Chinese yuan, an equivalent of $154 million, and thus is the highest luxury listing in China of all time. Taohuayuan, which means Utopia, or “Peach Blossom Land” if you translate it literally, sits on a private island on the south shore of Suzhou’s Dushu Lake, China’s biggest lake by surface area. It has a total of 32 bedrooms and 32 bathrooms, with all the bedrooms facing south, desired by many for optimal natural light.
It took Sunac China about three years to build this particular home. It commissioned Xiangshanbang Traditional Architectural and Building Skills to handcraft all the bricks and plants. The craftsmen have manifested their artistic conception of Taohuayuan with the essence of East Asian gardens at its core, and created a space worthy of the highest recognition in contemporary landscaping, internationally.
The listing first appeared on June 6. Sotheby’s has started recently marketing the property as the “One Billion Yuan Luxury Home” in reference to the asking price.