Oracle, Broadbeach penthouse sold to Chinese buyer for $8 million
Jonathan ChancellorDecember 7, 2020
A Chinese national has purchased the Oracle, Broadbeach penthouse on the Gold Coast.
The $8 million was reported by the Australian Financial Review as at least 20% off its boom-time prices.
The Oracle development has been controlled by receivers Korda Mentha who refurbished levels 50 and 51.
The 1117 square metre penthouse comprises four bedrooms, a media room, a study, a private rooftop pool, spa and steam room.
There was a marketing campaign by KM Sales and Marketing.
Herron Todd White's Luke Nichols said the sale of the penthouse showed improving values.
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Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.