One Circular Quay achieves $1 billion in sales as construction powers ahead

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold
One Circular Quay achieves $1 billion in sales as construction powers ahead
Alison Warters May 26, 2023SALES UPDATE

Lendlease and Mitsubishi Estate Asia’s luxury residential tower, One Circular Quay, has reached a new milestone, surpassing $1 billion worth of sales as construction powers ahead.

Since its exclusive off-market launch in late-2022, more than 50 per cent of residences have sold.

And as part of One Circular Quay’s off-market sales campaign, a state-of-the-art display suite has now been unveiled to prospective purchasers by invitation only.

Tom Mackellar, Managing Director Development at Lendlease, said it's an incredible milestone to reach $1 billion in sales having only launched to an exclusive database late last year.

"With construction well underway, One Circular Quay is fast taking shape," Mackellar said. 

"This iconic luxury residential tower, at one of the most prestigious addresses in the world, demonstrates real strength in Sydney’s residential market, and once again elevates Sydney’s real estate onto the world stage.”

Designed by the late award-winning Australian architect Kerry Hill, the 58-level luxury residential tower will soar 200 metres and include 158 residences, with all two, three and four-bedroom residences offering dual icon views of the Sydney Harbour Bridge and Opera House.

Levels 50-55 will be home to six full-floor sub-penthouses, while levels 56-58 will be reserved for a three-level penthouse boasting five bedrooms, a private lift, floor-to-ceiling windows with panoramic views of Sydney harbour, and a north-facing swimming pool and terrace.

One Circular Quay residents will have exclusive access to the premium facilities, including a private indoor pool, gym, steam room and dedicated concierge services.

A 220-room Waldorf Astoria hotel will also be delivered by Lendlease alongside One Circular Quay, marking the entry of Hilton’s iconic luxury brand into Australia. In February this year, Lendlease and Mitsubishi Estate Asia exchanged contracts with Fiveight, the property division of Tattarang, for the sale and delivery of the hotel.

The One Circular Quay residences and Waldorf Astoria hotel are targeting completion in late 2026.

Alison Warters

Alison Warters is a property journalist for Urban, based in Sydney. Alison is especially interested in the evolution of the New Build/Development space, when it comes to design innovation and sustainability.

Editor's Picks

Decode kicks off construction at Castle Hill’s largest residential masterplan, Carrington Place
Morris complete 10th Broadbeach apartmenet development, Malo, as buyers prepare to move in
"A once-in-a-lifetime opportunity": Don O'Rorke discusses the Monarch Residences Penthouse Collection
Kangaroo Point's iconic Shafston House gets closer to apartment redevelopment
Inside Australia 108: The groundbreaking Melbourne apartment tower offering the highest apartments in the southern hemisphere