The 20th floor of Sydney’s Opera Residences
sold for $26 million in mid November, breaking an Australian record for the most expensive penthouse sale, according to marketing agency CBRE Residential Projects
The sale, secured by Macrolink and Landream’s residential development, Opera Residences, averages at $95,500 per square metre. Situated on the Eastern side of Circular Quay, the Bennelong apartment features 270 degrees of uninterrupted views of the city sky line, Harbour Bridge and the Opera House. The 272 square metre penthouse includes three bedrooms, three bathrooms and a triple lock up garage.
The anonymous local buyer also purchased two sub-penthouses at $16 million and $15 million, spending at total of $57 million. Commercial Real Estate Services
residential Director Tim Rees
said the sale reflects a significant demand for premium apartments with city views as well as a supply of luxury apartments in Sydney’s Northern CBD.
“There has been unprecedented demand for Opera Residences’ super premium apartments and this represents the last opportunity to purchase a brand new apartment on Bennelong Point. The sale now positions Sydney as a mature global city, reflecting rates achieved in cities like New York and London,” he said.
The previous record for the most expensive penthouse was Melbourne’s Australia 108 Development. The penthouse of the residential sky scraper, which is the highest in the Southern Hemisphere, sold for $25 million in July 2015. Another penthouse that sold for top dollar in 2014-15 included a Pacific Bondi Beach Penthouse
, selling for $21 million. The two-storey apartment boasts 40 metres of beach, an internal lift, a gym and spa and five bedrooms. Following closely behind is The Residence
penthouse on Sydney’s Hyde Park
, which sold for $17 million. The premium residence comes with a personal rooftop pool and breathtaking views of Sydney’s iconic landmarks.