Sydney, Australia’s Harbour City … the land of overpriced lattes, $22 avocado toast and property prices that make you think you definitely read them wrong. Recently named the second most expensive city in the world, it is no surprise that Packer’s latest assembly has a price tag big enough to put a dent in the wallet of billionaires. Sydneysiders are now familiar with the Crown development, having been established for well over a year, featuring luxury hotel rooms, restaurants such as Nobu, Woodcut, a’Mare and 360-degree views of the Harbour. The Sydney property market right now is at an all-time high, with most properties not even getting the chance to go to market before getting snapped up well above reserve. However, why is it that no one wants the iconic $100 million penthouse in Packer’s new tower?
Perched at the top of Crown Towers sits the penthouse of One Barangaroo, Sydney. With 360-degree views of the Sydney skyline, this ultra-exclusive apartment offers 6 beds, 6 bathrooms, 3 car spots and access to premim facilities; including a tennis court, private plunge pool, cinema room, gym and a six-star day spa.
A record-breaking $140,000,000 sale was signed by an anonymous buyer in a merge between the penthouse and sub-penthouse in the adjacent building at 51 Hickson Road.
Lendlease have developed all of James Packer’s Barangaroo developments and have a series of more in planning. The neighbour, One Sydney Harbour penthouses, has recently hit the market for the ultra-wealthy.
It’s a well-known fact that there is no shortage of bespoke buyers dropping cash all over Sydney. However, having been on sale for over a year now, this pinnacle of Sydney luxury is sitting, collecting dust…
Images courtesy of: Knight Frank