There is a new owner for the trophy Point Piper mansion. Source: Supplied

The Pyrmont resident has been named on a caveat for the $39 million property registered with the NSW Land & Property information. A caveat effectively holds the property, not allowing any other buyers to come in.

The sale of the multi-million dollar property, arguably one of the country’s finest homes, had become embroiled in controversy.

The interiors of the prestigous mansion. Source: Supplied

In March Treasurer Joe Hockey ordered the former owner to sell the property within 90 days after it was discovered to have been illegally purchased.

The property had been bought by Golden Fast Foods, a shelf company of one of China’s wealthiest men, Xu Jiayin.

Little is known of the buyer. However it is known that the 48-year-old Mrs Li was born in China and is listed as a director of a company called LL International.

6The incredible view from the palatial property. Source: Supplied

In 2007 she paid $2.7 million for a luxury apartment on Darling Island Rd, Pyrmont.

It is understood she has a $1 million mortgage on the waterfront Pyrmont apartment.

The latest development follows the announcement this month by Mr Hockey that the Point Piper mansion had been sold.

“The property that has been ­reported has been resold to an ­Australian citizen,” Mr Hockey told Reuters at the time.

6The Wolseley Rd home has been sold once again. Source: Supplied

It is understood the property was sold on for more than $40 million by the Chinese billionaire. That’s at least a million dollars more than he paid for it in November, 2014, when he purchased if from human resources queen Julia Ross.

The luxurious interiors of the Point Piper mansion. Source: Supplied

Bill Malouf of LJ Hooker Double Bay and Ken Jacobs of Christies International Realty originally sold the property at that time.

Under foreign investment laws foreigners are not able to buy established properties.