Sirius penthouses selling for up to $118,000 per square metre in The Rocks

A buyer from Coogee set a new high for the luxury apartment market of more than $118,000 a square metre

Sirius penthouses selling for up to $118,000 per square metre in The Rocks
A bedroom in the Sirius complex

One of the penthouses in the Sirius building at The Rocks has been sold to a $19 million buyer from Coogee, setting a new high for Sydney’s luxury apartment market of more than $118,000 a square metre.

A larger $35 million penthouse sale equates to $112,000 a square metre, when the 311 square metre space on top of the original brutalist building sold off the plan for $35 million yesterday to a buyer from Point Piper.

Sirius penthouses selling for up to 8,000 per square metre in The Rocks

The apartments were sold through Ben Stewart and the CBRE chairman Justin Brown.

The remaining seven penthouses and 67 pod style apartments will be offered for sale this Saturday.

The boutique development will have a dress circle position overlooking the harbour and Opera House.

Sirius penthouses selling for up to 8,000 per square metre in The Rocks

The developer JDH Capital is headed by the former Macquarie banker Jean-Dominique Huynh, who commissioned Australian firm BVN to designed the 76 luxury apartments within and atop of the original building.

Prior record prices per square metre include sales in the Opera complex, just across Circular Quay, that fetched a record-setting $96,400 per square metre off the plan in late 2016. 

The state government sold the site for $150 million with the building designed in the late 1970s by architect Tao Gofers for the NSW Housing Commission.

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Sydney Apartments

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Just over half the price of top end new apartments currently in Hong Kong.!
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