Penthouse Sale

<html><body>There has been a $2,875,000 Trilogy North, Surfers Paradise skyhome sale, just 30 days after its listing.

It last sold at $2.7 million in 2011.

Set on the top two floors of the Trilogy North building, it comes with 360 degree views from both the 21st and 22nd floors.

The four bedroom, five bathroom penthouse has its own infinity pool.

The apartment has 670sqm on title with its extensive living space having towering 9m high ceilings. There is some 100 sqm of outdoor space.

Three of its bedrooms have walk-in robes, ensuites and adjoining terraces.

There is basement parking for five cars plus lock-up storage area.

It was sold by Shaun Bourke at Harcourts Coastal.

The apartment first sold at $1.425 million off the plan in 2003.

CoreLogic advises it was listed with $4 million hopes in 2015.

Realestate.com.au calculated Surfers Paradise, based on five years of sales, has seen a compound growth rate of 2.4% for units.

There was a $1.2 million sale in the complex last November which failed to exceed its initial sale at $1,375,000 in 2004.</body></html>

The apartment sits on the top two floors of the Trilogy North building on Cypress Avenue

jchancellor

$2,875,000 Trilogy North, Surfers Paradise skyhome sale

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702/252 Hedges Ave, Mermaid Beach has sold for $5.25 million.
A luxury non-beachfront penthouse on the Gold Coast’s Millionaire’s Row has been sold for $5.25 million within two weeks of hitting the market.
Former Carlton Football Club director and developer Colin De Lutis, whose family real estate empire is reportedly worth more than $500 million, flew up to inspect the two-level Mermaid Beach penthouse as soon as he got the call it was on the market.
He made a cash unconditional offer of $5.25 million only hours later for the 758 square metres space.
The Hedges 252 penthouse includes beach views, a glass lift, roof terrace and a 15-metre heated lap pool
De Lutis already owns an apartment in the Paradise Centre at Surfers Paradise
The penthouse sold 18 months ago when former Coles boss John Fletcher sold it at a $1.9 million loss.
Records show Fletcher paid $6.7 million in 2007 at the height of the boom but sold for $4.8 million in 2016.
Tolemy Stevens, the selling agent advised close to $100,000 on improvements had been spent on the residence in the interim.
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firstname1-iYD4UYzvBa

Hedges Avenue, Mermaid Beach penthouse sold

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A three bedroom, four-bathroom, 53rd floor penthouse apartment in Coronation Property’s 8 Phillip Street residential tower has been sold for $3.325 million.
The penthouse features customised Woods Bagot interiors and 190sqm of internal living.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.21.40%20AM.png" alt="">
Jason Soulos, Coronation Property sales director said the personalised service offering that allows purchasers to customise penthouse residences was a deciding factor for the buyer and his wife.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.20.46%20AM.png" alt="">
“Certainly, the opportunity for the buyer to have a private consultation with one of Australia’s premier architects, Domenic Alvaro from Woods Bagot, and the ability to choose the moodboard for the residence, as well as premium additions such as wine fridges, was a significant attraction,” said Mr Soulos.
“We feel such a significant investment warrants this level of service, to ensure the buyer and his wife move into a home that reflects their personal taste and style, and which differentiates it as distinctly theirs.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.22.46%20AM.png" alt="">
“The buyer mentioned that he was particularly impressed by the concept of having a five-star QT Hotel on the lower levels and residential living above, similar to developments he had previously seen in New York.
“Also, the recent announcement that two of Rockpool Dining Group’s signature restaurants will be located onsite at 8 Phillip Street was the icing on the cake."
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.23.29%20AM.png" alt="">
When completed, 8 Phillip Street will feature 314 residences, with apartments to include one, two and three bedroom configurations, as well as studio and penthouse options as well as Sydney’s highest rooftop venue, Studio 54, a signature bar &amp; grill restaurant, multiple meeting and event spaces, and a grand ballroom. 
For more information, <a href="https://www.liveat8phillipst.com.au/" target="_blank">click here</a>. 
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jonathanchancellor-7SQnKwU6yx

53rd floor penthouse apartment in Coronation Property’s 8 Phillip Street development sold

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Cronulla Sharks director Craig Airey and wife Janelle have expanded their already impressive property portfolio.
This time it is a $2.7 million three-bedroom penthouse in Cronulla's beachfront Casa de Mare complex. 
It's quickly been leased at $1,400 a week, reflecting a 2.7 percent yield for the apartment that previously traded for $1.3 million in 2000.
The open plan living and dining spaces and the master bedroom open to the wrap around alfresco entertaining terrace with ocean views.
The further two bedrooms open to a rear balcony with views over Woolooware Bay to the city.
Late last year the Buraneer-based couple secured a three bedroom apartment off the plan in the Opera Residences at Circular Quay.
They paid $7.7 million for the west-facing apartment designed by Tzannes Architects in collaboration with Crone Partners.
Completion is not scheduled until 2020.
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Cronulla Sharks director expands portfolio with $2.7 million penthouse

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The final penthouse at luxury Roseville development, The Uptown, a joint venture between Chinese developers CWG Development and Longton Capital, has achieved the highest apartment sale price in the suburb for nearly two and a half years.
The $1.845 million sale saw a local North Shore buyer snap up the three-bedroom, three-bathroom fourth-floor penthouse residence.
Located at 1-31 Victoria St, Roseville, The Uptown is a medium-density development comprising 220 apartments across six buildings set on 1.3 hectares.
The sale confirms the ongoing interest from local owner-occupiers in The Uptown, according to Winnie Pi, Executive Director of Longton Capital.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/14/The%20Uptown%20-%20Penthouse%202.jpg" alt="">
“With its location in Roseville, The Uptown is close to many great north shore schools, in Chatswood, Roseville, Lindfield and Pymble, and this has been a key motivator for buyers in the area,” she said.
“In addition, the fact that The Uptown is located right near Roseville train station, and only one stop from Chatswood for shopping and dining, means it is perfectly situated for a range of owner-occupier buyers.”
The penthoused featured a raised ceiling section called The Clerestory, which gives an added feeling of space.
“With heights ranging from approximately 3100mm to 3400mm, these raised ceilings set the penthouses apart and make them a highly sought-after option for buyers seeking something extra.”
Jennifer Loh, Head of Sales &amp; Marketing for CWG Development, said buyers could secure the remaining 10 apartments ahead of the project’s pending delivery date in November.
Of the remaining apartments at The Uptown, one-bedroom plus study configurations are available from $860,000, while two bedrooms start from $1,210,000.
The project was designed by MD+A Architects and with interiors by Archer + Wright.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/14/The%20Uptown%20-%20Penthouse%203.jpg" alt="">
The Uptown will be set within lush landscaped gardens designed by 360 Degrees Landscape Architects.
To find out more about The Uptown, please call 1300 88 99 03 or visit <a href="https://www.propertyobserver.com.au/theuptown.com.au" target="_blank">theuptown.com.au</a>.
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j.ballantyne1990-6AQqhLzZaK

Roseville penthouse attracts suburb’s highest apartment sale price in over two years

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A local buyer has offered around $18 million for a penthouse at Shanghai United's luxury apartment project, Castle Residences ahead of its launch this Saturday.
It is understood the buyer has offered to pay more than $60,000 a square metre for the 300 sqm penthouse.
Its price will almost mirror AMP Capital's recent Circular Quay Loftus Lane penthouse sale at $67,000 a square metre in June.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/10/Castle-2.jpg" alt="">
Shanghai United has more than 100 buyers have registered to buy the first 80 luxury apartments at Castle Residences project, including 21 Melbourne private buyers who flew up to Sydney on Monday to personally register for the apartments after seeing an advertisement for the apartments in a Chinese newspaper.
CBRE is marketing the project.
"Interests have exceeded our expectations," Shanghai United chief executive Yangdong Xu said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/10/Castle-3.jpg" alt="">
"Potential buyers have said the combination of a five-star hotel in a mixed-use apartment project in a good location was key."
The $380 million project at 110-118 Bathurst and 203 Castlereagh Streets is a mixed-use tower incorporating the 121-room Porter House Hotel, MGallery by Sofitel and 131 apartments known as Castle Residence Apartments.
The hotel, by Accorhotels will be on levels one to nine and the apartments will be located above it.
One of the Melbourne buyers, Raymond Wang, said the inclusion of the hotel in an apartment tower especially in a top location like Sydney CBD would raise its value.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/10/Castle-4.jpg" alt="">
"In Melbourne there are so many apartments but Sydney's supply shortage and stable rents are more attractive to an investor," he told Shanghai United.
Shanghai United, which is backed by 10 mainland developers, has gone from strength to strength since arriving on the Australian property scene just over a year ago.
Its latest acquisition is Sydney Double Bay's Intercontinental Hotel for $140 million.
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Another $18 million penthouse in Sydney's CBD 

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Adman Scott Whybin, the former boss of Whybin/TBWA, has emerged as the $11 million buyer of a luxury bachelor pad penthouse in South Yarra.
The Rothelowman designed apartment sits atop the Hawskburn development built for developer Peter Gibson by Crema Constructions.
Gibson has been developing high-end apartments, houses and townhouses for more than 35 years in Toorak and South Yarra, and has recently moved into delivering larger-scale projects, still targeting luxury owner-occupiers, with his son, Christo.
The $11 million sale came with an eight-car basement garage with private lift up to the 650sq m space on the fourth floor.
It has just the three bedrooms and three bathrooms with floor to ceiling glass offering 360 degree views of the city sklyine.
He has been a longtime South Yarra local since making the move south from Newcastle, via Sydney and London.
Whybin founded the advertising agency Whybin\TBWA resigning last year after 21 year. It came a year after he'd been inducted into the AdNews Hall of Fame.
This article first appeared in The Weekend Australian Mansion Australia section.
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Adman Scott Whybin buys South Yarra penthouse

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Ron Bakir, the property development company owner Ron Bakir has secured the sale of his Gold Coast penthouse, selling the palatial Surfers Paradise apartment for a record $9.5 million.
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The sale of the 39th-floor Chevron Renaissance apartment tops the city’s previous penthouse high of $9.2 million, set six years ago when Melbourne builder Peter Devitt bought in Main Beach’s Liberty Panorama tower.
It sold to an an undisclosed Gold Coast resident.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/17/bakir2.jpg" alt="">
Bakir and wife Maja, who in September became parents, told The Gold Coast Bulletin they intend building a riverfront family home on the Isle of Capri.
The Skyline Central penthouse was initially for sale at <a href="https://www.urban.com.au/expert-insights/investing/61746-ron-bakir-s-12-5-million-gold-coast-penthouse-offering" target="_blank">$12.5 million in 2016</a>, with the price later cut to $9.95 million.
The whole-floor apartment comes with four ensured bedrooms.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/17/bakir3.jpg" alt="">
There is a 12-seat rooftop teppanyaki grill.
There are eight drop-down TV sets.
It comes with parking for 21 cars, and 650sq m of storage space.
The apartment was installed in the space after Bakir bought the ex-Raptis offices for $1.2 million in 2014.
Bakir, who at 17 was the founder of the Crazy Ron’s mobile-phone business in Queensland, has the HomeCorp property group which plans to build 600 homes in the Brisbane-Gold Coast corridor, Ipswich and Toowoomba during 2018.
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Ron Bakir's record $9.5 million Surfers Paradise penthouse sale

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Chinese billionaire Zetian Zhang, also known as “Sister Milk Tea”, has taken a $2.7 million loss on her prized three-level 598sq m penthouse atop the Stamford Residences in Gloucester Street, The Rocks.
The leasehold penthouse was reportedly offloaded through Richard Shalhoub, of Sydney Sotheby’s, who had overseen the marketing price adjustment to $15 million late last year.
However despite the January 17 settlement, <a href="https://www.sothebysrealty.com/eng/sales/detail/180-l-84001-reqys2/28a-171-gloucester-street-sydney-sydney-sw" target="_blank">the listing</a> for 28A/171 Gloucester Street still mysteriously appears as for sale on the agency website.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/23/Sothebys-Tea.jpg" alt="">
Standard industry practice is that a property that has sold is then either moved to sold or removed from the listing website within 72 hours, as being kept in the buy section of websites is commonly viewed as a breach of the acceptable industry policy.   
The settlement paperwork obtained by Property Observer indicates it sold for $13.5 million to hotelier Ramy Arnaout and his wife Nadia, under a company name.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/23/Tea2.jpg" alt="">
After purchasing it for $16.2 million in April 2015, Zetian, the wife of e-commerce billionaire Richard Liu, initially put the penthouse on the market with an $18 million price tag in mid-2017.
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Chinese billionaire Zetian Zhang, aka “Sister Milk Tea” takes $2.7 million loss in the Rocks

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A Wollongong apartment has been re-sold for $5.85 million.
The Illawarra district property had been the most expensive property of 2017 in the region when 11/72 Cliff Road, Wollongong sold for $3,793,000.
The oceanfront penthouse contains four bedrooms and two bathrooms.
It occupies the entire sixth floor of the east tower in the 33-apartment luxury development The Esplanade.
The 11/72 Cliff Road apartment was initially listed off-the-plan for $4.5 million in 2015.
Rob Austin from Harrison Property was the selling agent of both sales.
It has been sold to a Sydney buyer who was from Wollongong.
It has an internal floor space of 275 square metres plus 225 square metres of balconies, a five-car garage and lock-up storage.
The Esplanade is a dual-tower complex built on the former Villa Maria nursing home site.
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