Sell Out on The Hungry Mile! All 159 Barangaroo South off-the-plan apartments sold including $10.5 million penthouse
All 159 apartments in the two Barangaroo South apartment blocks, Anadara and Alexander sold within three-and-a-half hours of going on sale today.
Sales included $10.5 million paid for a two level, four bedroom penthouse in a cloud-shaped extension of the Anadara building with whispers it was bought by an expatriate living in Geneva. The sub-penthouse level in the same building sold for $7.5 million.
Across the two blocks, the sell out prices were up to $40,000 per square metre.
They didn’t come cheap starting at about $1 million for a one-bedroom apartment. All up possibly close to somewhere around $300 plus million in sales.
The apartments are the work of Richard Francis-Jones of FJMT and Andrew Andersons of PTW.
Both buildings will be completed in the second half of 2015, at the same time as the anchor tenants move into the first two commercial towers.
Lend Lease’s Barangaroo South managing director Andrew Wilson said it was anticipated that the next luxury apartments at Barangaroo would go on sale within 18 months.
“The overwhelming response we have received from interested purchasers reflects the fact that Barangaroo is what Sydney living is all about, and it is a privilege for Lend Lease to play a part in the creation of this city-defining precinct.
“For people who will be living here, working in the commercial towers or visiting the cafes and shops, Lend Lease’s role, in partnership with the Barangaroo Delivery Authority, is to ensure Barangaroo will be world class in every way.”
The two residential buildings on offer at Barangaroo will be located on the two kilometre long harbourside promenade and contain a mix of one, two and three bedroom apartments, including 11 dual-level luxury loft apartments.
CBRE’s chairman of residential projects Justin Brown said there had been "tremendous" purchasing interest with more than 6,500 people pre-registering their interest. It was 5000 earlier this month.
The sellout was no surprise as after Lend Lease appointed CBRE as the lead selling agent, Justin Brown said the level of enquiry had by April been "above anything we have seen in the last 20 years for new apartments on the harbour from East Circular Quay to Walsh Bay."
It was November 2012 when Lend Lease unveiled the two harbourfront apartments in its Barangaroo South precinct.
It was marketed as every apartment having water views, with around $20,000 a square metre the starting price for the 47 one-bedroom apartments.
The 100 two- bedroom units will be priced from $2 million. There were just the 12 three-bedroom apartments.
Barangaroo South will eventually have about 700 apartments. Just over 70% of the sales took place at the Sydney display suite with the remainder off-shore and interstate. James Hall at CBRE Hong Kong was overseeing the launch of the offering in Hong Kong and Singapore. Those who missed out today go to the front of the queue for the next offering.
Estate agent John McGrath recently praised the project for its approach to sustainability.
