This article is from the Australian Property Journal archive
A LOCAL purchaser has bought the second penthouse apartment in Parramatta’s 8 Phillip Street residential tower for a record price of more than $3 million.
Coronation Property’s 55-storey tower’s first penthouse was sold for $3 million on launch day, which was a then-record for the suburb.
Stage one of 150 apartments sold out within an hour at the launch, with stage 2 released immediately. More than $160 million from 189 apartments had been realized by the end of the day, with 72% sold to owner occupiers.
More than 200 apartments have now been sold in total.
Coronation Property’s sales director Jason Soulos said stage three of would likely be released in February, four months ahead of schedule.
The Woods Bagot-designed tower will comprise more than 300 residences upon completion in 2020, including one, two and three-bedroom apartments, as well as studio and penthouse options.
It will also feature QT Hotel accommodation on its lower levels, a QT bar and grill restaurant, a 600-patron rooftop bar, meeting and event spaces, Spa Q, a ballroom and pool on the 18th storey.
Australian Property Journal
