Sydney Harbour Penthouse Sells for Record Price,Shattering Per-Square-Meter Cost
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- Sydney Harbour Penthouse Sells for Record Price,Shattering Per-Square-Meter Cost
A luxury tri-level penthouse in Sydney’s One Sydney harbour development has achieved a record-breaking sale, exceeding $100,000 per square meter. This sale redefines luxury living in Australia and highlights the strength of the high-end property market.
Inside the Record-Breaking Penthouse
Located in Barangaroo, the mega-penthouse spans over 1600 square meters and features nine bedrooms, a dramatic entry foyer, soaring eight-meter-high ceilings, a private rooftop swimming pool, a spa, and a gymnasium. The main bedroom is as large as many family homes, offering unparalleled luxury and space.
Did You Know? The penthouse’s sub-penthouse can function as a separate residence, adding to its versatility.
One Sydney Harbour: A Landmark development
The penthouse resides in Tower 1, the tallest of the three buildings comprising the One Sydney Harbour development. The 72-floor tower was designed by Pritzker Prize-winning architect Piano, renowned for iconic structures such as the Shard in London and the Centre Georges Pompidou in Paris [[1]].
As of March 2025, 95% of One Sydney Harbour had been sold, representing over $4 billion in sales across the three towers. The towers are now complete, and most residents have settled in.
Notable Previous Sales
Before this record-breaking penthouse sale, the highest purchase in the development was made by property investor Qing Zhong, who acquired an entire floor for $38.95 million. Surgeon Dr.Franklin Yee and his wife, Gloria, purchased a unit above it for $21 million.
barangaroo’s Property Market
Barangaroo’s median unit price is $4.675 million as of March 2025. While this represents a 0.5% decrease over the previous three months, it reflects a substantial 26.4% increase over the past five years, according to Domain data [[2]].
Pro Tip: Investing in luxury real estate can offer long-term thankfulness, but it’s crucial to consider market trends and economic factors.
Key Metrics: One Sydney Harbour Penthouse
| Metric | Value |
|---|---|
| Size | Over 1600 square meters |
| Bedrooms | 9 |
| Architect | Piano |
| Record | Exceeded $100,000 per square meter |
What are your thoughts on the future of luxury real estate in Sydney? How do these prices compare to other global cities?
Evergreen Insights: The Appeal of Luxury Penthouses
Luxury penthouses represent the pinnacle of urban living, offering unparalleled views, privacy, and amenities.They often serve as status symbols and attract high-net-worth individuals seeking exclusive residences in prime locations. The demand for such properties is influenced by factors such as economic growth, global wealth distribution, and the desire for unique and prestigious real estate.
Frequently Asked Questions About Luxury Real Estate
What factors drive the price of luxury penthouses?
Location, size, design, amenities, and the overall economic climate all contribute to the price of luxury penthouses. Scarcity and exclusivity also play significant roles.
How does architecture influence property value?
Properties designed by renowned architects often command higher prices due to their unique designs, quality craftsmanship, and ancient significance.
What are the benefits of investing in luxury real estate?
Luxury real estate can offer long-term appreciation, rental income potential, and a hedge against inflation.It also provides a prestigious living environment and access to exclusive amenities.
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