Luxury Lumiere Residences Sydney CBD penthouse fetches $8.1 million through Savills Australia/Thailand

A luxury penthouse at Lumiere Residences in the Sydney CBD has been sold for $8.1 million in a sign of continued interest from Asian investors in top-end residential Australian property. 

The 54^th-floor apartment, developed by Frasers Property Australia, was sold by Savills Australia in conjunction with Savills Thailand. 

Set opposite St Andrew's Cathedral, the Lumiere Residences building was designed by Australian architects PTW in collaboration with international award-winning British architect Lord Norman Foster of Foster + Partners. 

Shayne Harris, Savills Australia head of residential, says the sky penthouse was purchased by a wealthy Asian investor. 

“This is a significant sale for Sydney’s CBD market, secured at approximately $27,000 per square metre,” Harris says. 

“It highlights that Asian investors continue to actively seek opportunities to acquire premium properties at the top end of Australia’s residential market. 

“They are attracted to the very best properties in the best locations, and the world-class Lumiere development in the Sydney CBD certainly meets these requirements.” 

Located in Sydney’s mid-town precinct at

It’s been marketed as “Australia’s first vertical village”.

“"Residents will have everything there that they can find in a horizontal village like Paddington,” the developer Dr Stanley Quek advised during 2006 off-the-plan marketing.

Frasers Property is now undertaking the construction and marketing of the Central Park eco-friendly project on a 5.8-hectare former brewery site at the southern end of the city.