Construction | BARANGAROO | One Sydney Harbour | 72st/247m, 68st/230m, 30st/104m | Residential | U/C

from AFR
looks like sale day is sept 30!

Sydney’s newest $10m penthouse

PUBLISHED: 22 AUG 2013

Harry Seidler-inspired curved lines, Carrara marble and room for the caterers are just some of the features potential buyers of Sydney’s newest luxury apartments at Barangaroo can expect from the designer digs.

Developer Lend Lease threw open the doors of its apartment display suite at the weekend to give a select group of wealthy individuals a first glimpse of what could become one of Australia’s most exclusive addresses when completed in 2015.

The two low-rise buildings, the Alexander and Anadara, are the first two residential instalments of a master plan that will eventually include 800 apartments at Barangaroo South.

But they don’t come cheap.

Interested buyers must first lay down a refundable $10,000 deposit before they can view one of the 159 suites, which start at $1 million for a one-bedroom apartment.

The two-storey penthouse on the northern wing of the Anadara building, known as The Cloud, is expected to fetch more than $10 million.

NEW YORK TOUCH
Featuring floor-to-ceiling harbour views out to Balls Head, Birchgrove and Darling Harbour, and lavish interiors created by New York and Sydney-based designer Iain Halliday of BKH, the apartments are expected to sell for a price of up to $20,000 per square metre.

Mr Halliday said the interior of the Cloud was inspired by the grand apartments of New York, which contained traditional features you could usually only find in a house like entrance halls, skulleries and service corridors.

Most of the bedrooms are ensuite and are ideal for parents with young children with nannies, and the penthouse kitchens have skullery areas ideal for caterers with a serving area, sink and shelves, which can be hidden by a sliding door.

Stylistic elements from the Australian architect-designer Harry Seidler have also been incorporated.

“It was a conscious decision,” Mr Halliday said, adding many Seidler design features – like darker flooring paired with minimalist, water and grey toned interiors – were iconic and evocative of Sydney Harbour.

Politicians, business executives from Melbourne and empty nesters make up some of the 5000 people who have registered their interest in the harbour-side development.

ASIA INTEREST
Lend Lease is tight-lipped on the numbers to submit the $10,000 deposit needed for the apartment-come-sales day, which is widely expected to be announced for September 30.

Residential development manager Shaun Bond said about 30 per cent of inquiries have become from buyers in mainland China and south-east Asia.

He is expecting enquiries to pick up as subsequent higher density residential towers are unveiled.

“Local buyers tend to prefer apartments that aren’t too high, whereas we’ve found our international buyers like the higher rise apartments more.”

Apartment amalgamation is also becoming a priority on the wish list of more and more buyers, Mr Bond said.

He said a number of interested parties have asked about opportunities to merge apartments within the Cloud complex, but they are not on the cards in the near future.

The building will sell the homes as discrete units without the option to merge two into one.




http://www.afr.com/p/business/property/sydney_newest_penthouse_XEcCSpqHEeXN5SImI4rOgN

Nice clear large render....

fin review

High demand for luxury million-plus apartments

A sell-out is expected this morning at Barangaroo when Lend Lease’s luxury apartments open to the public for sale at 8 o’clock.

∟full article x subscription or kind donation...

§ Posted Saturday 31 aug at 7.25 a.m. EST.
nb: Brizer will not be one of those clamouring for one of these apartments due to circumstances beyond his control.

CULWULLA said:

nice render. fmjt did good
how good do the office towers look at back.?
reminds me of being over at east circular quay with toaster behind. going to be similar feeling being there. very busy and definatley a destination

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It almost looks like they have placed C4 and C5 above them.

A very good idea to have had apartments in front of the office towers. Also feels like were getting a nice new neighbourhood within the CBD. Adds life and zest.

Terrier Tantrum said:

They actually are not that appealing. Too low and open to public view. You will hear all the crap out on the promenade.

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If it were my every day residence, I would agree... but I have a feeling many of these will be snapped up by the uber rich that will use them as a place to say during an occasional jaunt to Sydney.

Now, now ... I am just saying that "occasional jaunt to Sydney" doesn't sound promising for building an atmosphere of neighbourhood. If that is really who property buyers are. And I don't say I know who they are. It is one potential outcome.

However, I do think that too small residential component in the area is a mistake. Same as extensive office component is.

Mornnb said:

What are you talking about? There's 3 residential towers as part of the plan.
The extensive office component is required by the economy to keep Sydney as a competitive financial city.
Again, this project is an example of well thought out urban planning.

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Residential component is about 800 residences, in my view very small for 22ha.
Office component is already confirmed to be creating oversupply in Sydney commercial space market.

If that is a good planning I don't know what bad is.

To be honest. Every suburb surrounding the C-B-D is mostly residential, and the C-B-D is constrained geographically and through archaic planning laws. So I don't mind if big floor plate commercial towers are built in the C-B-D to satiate some present and future demand.

There is no shortage of room for resi's in a 2- 3km radius of the C-B-D.

caff111 said:

Barangaroo apartments sell out as expected

http://smh.domain.com.au/real-estate-news/barangaroo-apartments-sell-out-20130831-2sxal.html

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All apartments sold within 3 and half hours !!

All the apartments in the first-release at Barangaroo sold out at Saturday's early morning launch, including the penthouse which sold for $10.5 million to an Australian expat living in Geneva.

Developers Lend Lease and agents CBRE refused to confirm the total value of the apartments sold but with one-bedders at $1 million, two-bedders at $2 million and three-bedders at $3 million, on my calculations total sales exceeded $300 million.

Apart from the $10.5 million paid for the two-level four-bedroom penthouse in a section of the Anadara block known as The Cloud, the sub-penthouse also sold for $7.5 million.

Across Anadara and the other block, Alexander, the prices were up to $40,000 per square metre.

More than 6500 people had registered interest and there were unconfirmed rumours that at least 500 had put down a $10,000 refundable deposit to secure an appointment where they could finalise the purchase.

There were only 159 apartments available.

Arriving at their allocated time, groups of about 20 at a time were allowed entry to the display suite on top of the Macquarie Bank offices in Shelley Street for a transaction that took, on average, 20 minutes.

The penthouse, which had four buyers interested in it including several off-shore, had sold by 9am. CBRE Residential chairman Justin Brown said it was unusual for the penthouse to sell on launch day.

All the apartments had sold within three-and-a-half hours. Seventy five per cent of the sales occurred in Sydney with 25 per cent interstate or off-shore.
The apartments were also launched in Hong Kong, Singapore and Shanghai on Saturday. The next Barangaroo apartments go on sale within 18 months. Buyers who missed out this weekend go to the front of the queue.