Chinese film star buys St Emilion property
Chinese film star buys St Emilion property
Dec 6, 2011 6
(Decanter) - Although the price Zhao paid for the 7ha Château Monlot has not been revealed, local property agents put it at between €4 and €5m.
Separately, local land agency SAFER (Société d’aménagement foncier et d’établissement rural) said prices per hectare in St Emilion now range from €200,000 to €500,000.
Bottles of Château Monlot currently retail at €22-35.
There are already around a dozen Bordeaux properties in Chinese hands and local newspaper Sud Ouest calculates anything up to 15 sales are in the process of going through.
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