$80m unit smashes all records

The Crown penthouse, on levels 81 and 82 of the Barangaroo tower, has finally sold for circa $80m to a buyer rumoured to be from Sydney’s east.

The circa $80m buyer of Crown’s six-bedrooom penthouse at Barangaroo is rumoured to be from Sydney’s east.

Sources have confirmed that the stunning apartment, which occupies levels 81 and 82 of the Barangaroo tower, exchanged on Tuesday via The Agency’s head of projects Steven Chen and Colliers director of residential project marketing Luke Hayes.

Chen and Hayes had no comment when contacted, though other sources confirmed the deal was done at “circa $80m”. Though separate sources had said the result was between $70m and $75m.

At any rate, it’s the highest price for a completed apartment in the country.

Although there was a $142m transaction in 2019 — for the Lendlease Tower 1 development next door — that was off-the-plan and also an amalgamation of two apartments.

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It’s the most expensive sale of a completed apartment in Australia.

The property exchanged yesterday.

This latest sale (if $80m) for the 849sqm double-storey space equates to more than $94,000 per sq m.

Designed by Meyer Davis, it includes a small pool with balcony. All up there are four balconies, with views to Darling Harbour, North Sydney, the heart of the CBD and the iconic harbour.

Other features include a gym, wine cellar for 300 bottles, a butler’s pantry, two guest bedrooms, a separate entrance for nannies and chefs and a wet bar.

The panoramic views, taking in the Harbour Bridge and Opera House, can never be built out.

Although one of Sydney’s best apartments, it’s understood James Packer’s double storey apartment on levels 65 and 66 of Crown is even more impressive.

“Packer’s is just spectacular, with more than 1000sqm of space and two designers have worked on the interiors,” one source said.

James Packer’s double-storey apartment levels 65 and 66 is understood to be even more impressive.

The penthouse has six bedrooms and views that can’t be built out.

“He had the choice of the apartments when he bought his for $60m off-the-plan in 2017, but he chose the lower level because it had more space and more intimate views.”

The Crown tower was finished just three years ago but the penthouse has languished on the market, with hopes as high as $110m originally.

The price dropped to $90m in December and the space was tricked up at a cost of $500,000 to try to attract a buyer.

It’s been confirmed that the purchaser is an Australian resident.

“There was a lot of interest from the Chinese market, but ultimately it was an Australian citizen who bought it,” a source advised.

The purchaser of the $142m apartment next door is understood to be from Asia.

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