This article is from the Australian Property Journal archive
THE prestige residential property market shows no signs of weakening. Greenland has sold a penthouse in Potts Point for $14.25 million, equating to $50,000 per sqm, making it one of the highest prices paid for any apartment outside the Sydney CBD.
A couple from Sydney’s eastern suburbs purchased the 285 sqm penthouse The Royal in the Omnia development. The couple also purchased a two-bedroom apartment, several floors down, for their adult children, resulting in a combined sale of just under $16 million.
CBRE senior director Ben Stewart said the location and lifestyle on offer at Omnia were key selling points.
“This sale price reflects the ‘Paris’ end of Potts Point, with the buyers recognising the unique lifestyle offering at this end of the suburb.
“They really bought into a lifestyle that can’t be replicated anywhere else and worked closely with Studioaria and Greenland Australia to get exactly what they wanted, which didn’t involve any significant changes to the layout of the apartment,”
Stewart added that the couple are looking forward to the convenience of living in Potts Point.
“The buyers clearly understood the unique ambience of the area and the fact that there are very few locations like this anywhere else, and that this type of offering is never to be repeated.
“The owners are expecting to move into the property in September or October this year, once the fitout is complete,” he continued.
Greenland Australia’s managing director Sherwood Luo said the combination of luxury, location and dazzling Sydney Harbour views is still attracting buyers.
“Apart from a luxurious interior design concept and superior finishes, Omnia is also situated in one of Sydney’s best-selling locations,” Luo said.
The Royal penthouse is across two floors connected by a grand circular staircase, and includes a sweeping skyline terrace with stunning north-east views, complete with an open-air jacuzzi and BBQ. With 285sqm of internal and 170sqm of external space, The Royal offers four bedrooms and four full bathrooms, as well as an entertainer’s kitchen with a glass-encased wine cellar and butler’s pantry.
Designed by Studioaria, the $262 million Durbach Block Jaggers-designed Omnia building features three dual-level penthouse apartments, one of which was sold prior to release – now, only one remains.
The last remaining penthouse – The Noble – offers 356sqm of floor space, 235sqm internal and 121sqm external, with four bedrooms, three full bathrooms and one partial bathroom, as well as a bespoke freestanding bathtub.
Australian Property Journal
