Sydney Darling Square apartments sell out in 5 hours

The competition for Sydney apartments is still extremely high, especially within the CBD with the recent Darling Square project selling all 581 apartments in just 5 hours on Saturday 23 May 2015.

This was the second release of luxury apartments after the first release comprising of 538 apartments also sold out in just one day in June last year.

Lend Lease is the developer and builder in charge of this exciting new development in Sydney’s Darling Harbour and Jonathan Emery, Managing Director of urban regeneration for Lend Lease commented, “It’s amazing. We’ve had such a huge turnout. There was a great level of excitement.”

So if you wanted a piece of real estate here, then buyers queued from 8am and spent over $600 million in total to secure one of these high-class apartments that are due to complete in 2018. The development is a mixed-use development which consists of commercial, residential, retail and public spaces and is part of the $3.4 billion revitalisation of Darling Harbour.

You certainly have to dig deep, as prices for a 50 square metre one-bedroom apartment start from $800,000 and go up to an extraordinary $10 million-plus for the 400 square metre four-bedroom penthouses. Residents will also have access to shared facilities including barbeque facilities and grassed areas, as well as a deck and open-air heated infinity pool.

There is one more release planned and once complete the entire development will comprise 1,500 apartments home to 4,200 residents.

With the Sydney CBD running out of space, competition to get a city location, with city and water views is extremely high, especially with the population ever increasing. However, with more Australians looking to live closer to work, transport options, shops and an array of eateries then this comes at a cost, but you will have to fight off the competition first.
Published on 26th of May 2015 by Marty Stanowich
Marty Stanowich
Marty Stanowich

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