As first home purchases go, the $8 million Point Piper pad of supermodel Kristy Hinze-Clark and her billionaire husband Jim Clark isn't bad.

At eight times Sydney’s median house price, Jack Junhua Lin’s $8 million first home purchase in Point Piper is a fairly impressive one.

Not just for the price either. Also set to impress his former Scots College mates is the fact the apartment in the waterfront Sienna building was sold earlier this month by former supermodel Kristy Hinze-Clark and her billionaire husband, Netscape founder Jim Clark.

The 24-year-old from China has done well from his brief stint in property development of recent years, although Title Deeds does wonder if he had a bit of financial help from his dad, Victor Lin, the recently appointed chair of the Terrey Hills Golf and Country Club.

Lin is among one of the more well-connected of Sydney’s new Australian-Chinese elite, counting among his inner circle property developer Phillip Dong Fang Lee, who bought the Mandalay trophy last year for $39.9 million.

Jack Lin’s family are registered residents of the East Lindfield home they bought in 2006 for $1.98 million, although word from the east is they are already Point Piper locals in the Wentworth Towers penthouse recently bought by Phillip Lee and his wife Shi Xiaobei​ for $12 million from former contract cleaning entrepreneur John Schaeffer.

Kristy Hinze-Clark and Jim Clark are predominantly based in the United States, but used their Point Piper pad as a base for friends and staff on their regular returns to Sydney at Christmas.

It was purchased by the couple two months after their 2009 marriage for $7.65 million after the developer Michael Bezzina​ went into liquidation, and was sold earlier this month by Jaime Upton, of Sotheby’s International.