Elite Estate: How You Could Sink Your Palace!

Think about all the frivolous problems that millionaires have, you would believe that they sure are a worried lot. Sometimes they worry about houses that are not chic enough, and some other times they just worry they are not getting any rich further. Here is another such Chinese millionaire who has his genuine reasons to be worries, though the reason itself is a little crazy.

Guo Kuizhang is worried that his $15,000,000 floating palace has to be sunk, since the provincial authorities claim it is using up sea illegally. The floating villa covers 3000 square meters and comes with 39 anchors each weighing 1000kg. Thanks to 3000 foam cushions, it floats on the water like a boat. In fact, the floating palace even comes with a small stud farm for horses!

The local court in Shenzen has ordered that he vacate the palace immediately and has turned supportive towards Guangdong provincial Oceanic and Fisheries Administration who claim that he did not get the proper licence. Meanwhile, Guo Kuizhang claims it was built legally and that he has every right to protect his floating palace. These dreams are like straw floating on a deep abyss.

Via Luxury Insider

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