Opera Residences

Apartment re-sales in the recently completed Opera Residences have shown price increases of between 20% to 30% since the project launched, according to CBRE.&nbsp;

All 104 Opera Residences sold off the plan within two hours of their 2016 launch, with $600m in sales recorded in a single day.&nbsp;

The level 19 penthouse sold for $26 million (or $96,000psm), and the buyer also purchased two three-bedroom apartments below, spending a total of $57 million.

&quot;The feedback I&rsquo;m getting is Opera Residences&rsquo; finish is beyond expectation,&quot; leading re-sale agent of Opera residences, Auschain&#39;s Sean Huang said.

[smartcode_project:default project_id=6012 project_image_fid=84194]

&quot;The CBD market has been impacted the most from covid and border closures, but this building has proven to be bullet proof.

&quot;Original purchasers re-selling are making exceptional profits and I don&rsquo;t see this slowing down.&rdquo;&nbsp;

Experts say Australia&rsquo;s growing ultra-high-net-worth population is driving the luxury end of the property market. The latest property forecasts show that luxury sales are 17% higher this quarter than the fourth quarter of 2020, compared to average national luxury home prices rising 2.9% in previous years.

Re-sales&nbsp;have increased by 20-30%&nbsp;since the project launched,&nbsp;CBRE&rsquo;s Tim Rees says, adding that they expect that trend to continue.

&ldquo;That&rsquo;s well above the percentage increases reported in the latest prime forecast report,&quot; Rees suggested.

[smartcode_project:default project_id=6012 project_image_fid=84195]

Rees attributes&nbsp;Opera&nbsp;Residence&rsquo;s success to its exceptional location opposite the Sydney Harbour Bridge and next to the&nbsp;Opera&nbsp;House, as well as its stunning architecture, interiors and panoramic vistas.

&ldquo;The project represented a limited opportunity to buy into the Circular Quay precinct with a dress-circle view of the world&rsquo;s most beautiful harbour and a highly sought-after, iconic building that&rsquo;s tightly held by locals. That makes it a magnificent proposition, and it&rsquo;s likely to be tightly held and passed down to future generations as one of the world&rsquo;s most extraordinary addresses,&rdquo; Rees says.&nbsp; 
 
Macrolink Landream Australia recently revealed four new tenants confirmed for the retail precinct, including Japanese teppanyaki fine dining restaurant and bar OBOROZUKI, a trendy ground floor caf&eacute;, award-winning international restaurant chain, IPPUDO Ramen and upmarket Opera Ice Creamery. 
&nbsp; 
Landream have a diverse portfolio of projects across New South Wales and Victoria, with two high-end residential developments currently under construction in Victoria - The International, Brighton and Hurstmon, Malvern East. 
&nbsp; 
Opportunities remain to secure two and three bedroom residences across these two developments in premium Melbourne locations.

For more information about Opera Residences, <a href="https://operaresidences.com.au/">click here</a>.

Opera Residences was a Macrolink Landream project at 71 Macquarie Street

jchancellor-FAypfDUnLy

Residents set to move into Macrolink Landream's Opera Residences

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An apartment in the soon-to-be completed Opera Residences at Sydney's Circular Quay has been listed for resale seeking $13.5 million.

The three bedroom, two bathroom apartment at 71 Macquarie Street is just one of three apartments on level 16, with the building topping out at level 19.

It spans 204 sqm, including its large entertaining balcony with 180 degree views of Sydney Harbour, the Opera House, Botanical Gardens and the city.

<a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney"><img alt="" height="746" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/opera_residences_2_0.jpg" width="1200"></a>

There's timber chevron flooring, floor to ceiling glass to maximise the views and a Corian kitchen with Gaggenau appliances and Liebherr fridge.

Opera Residences, developed by Macrolink and Landream, will comprise 104 apartments designed in collaboration between Tzannes Architects, Crone Partners and Make.

Craig Donohue at Ayre Real Estate has the listing.

Donohue recently secured a <a href="https://www.urban.com.au/news/nsw/off-the-plan-buyer-success-in-sydneys-loftus-lane-development">strong resale at the nearby Loftus Lane</a>.

The sub-penthouse A603 in the Sydney CBD project sold for $5.4 million, having been snapped up at the sales launch back in mid-2017 for $4.975 million direct from the developer AMP Capital.

 
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The three bedroom, two bathroom apartment at 71 Macquarie Street is just one of three apartments on level 16



Joel Robinson

Opera Residences, Circular Quay apartment listed for $13.5 million

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Developers Macrolink and <a href="https://www.urban.com.au/developers/landream">Landream</a> have recently celebrated the success of another milestone, with the topping out ceremony of <a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney">Opera Residences</a>, on a prominent <a href="https://www.urban.com.au/new-apartments/sydney-nsw">Sydney</a> Harbour site. 

<blockquote>
“Opera Residences is one of many high-end boutique developments being developed by Macrolink worldwide. The project aligns closely with our brand and commitment to working with the best consultants to deliver exceptionally high standards of design, quality, functionality and comfort to our customers for their new homes.”
</blockquote>

Michael Gao, Macrolink Managing Director 

<a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney" target="_blank"><img alt="" height="500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/opera-residences-71-macquarie-street-sydney-9359999f37d3cc09424aac84bc7bb75b.jpg" width="1000"></a>

Landream Managing Director, Kevin Li, explains that the company are proud to deliver another premium quality landmark project in Sydney.

<blockquote>
“We are honoured to deliver such a world-class development and to see Opera Residences take shape on the Sydney Harbour."
</blockquote>

<a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney" target="_blank"><img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/high_res-47.jpg" width="1000"></a>

<a href="https://www.urban.com.au/builders/richard-crookes-constructions">Richard Crookes Construction</a> poured the final roof slab in late October, marking a pivotal moment in the project timeline, with a single evergreen tree being craned onto the highest point of the building. 

<blockquote>
"As a business, Richard Crookes Constructions selects exciting projects which we are proud to deliver, and which leave a legacy in our community; we see success as being about more than just delivering a quality building and Opera Residences has been a great example of that philosophy”
</blockquote>

George Bardas, Richard Crookes Construction CEO

<a href="https://www.urban.com.au/buildings/opera-residences-71-macquarie-street-sydney" target="_blank"><img alt="" height="668" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/high_res-14_0.jpg" width="1000"></a>

The delivery of the future Sydney landmark is slated for March 2021. To date, the building already features 1,140 facade panels, 30,000 square metres of formwork and 10,000 cubic metres of concrete, with internal fit-out well underway and final facade works due for completion in December this year. 

The $600 million development was designed by AIA Gold Medal award-winning Tzannes Architects, alongside leading practices <a href="https://www.urban.com.au/architects/crone">Crone Architects</a> and Make Architects, and sold out in 2016 by CBRE in just two hours.

<h2>Sydney properties selling now:</h2>

[smartcode_project:default project_id=25842]

[smartcode_project:default project_id=6201]

[smartcode_project:default project_id=7758]
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Opera Residences

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