PHOTO: James Packer is expected to check out his $72m One Barangaroo penthouse apartment while he is in Sydney. FILE
It seems the Packer name continues to hold tremendous sway in Sydney if James Packer’s association with one of the country’s most talked about residential projects is any guide.
Sales across Barangaroo apartments remain strong as billionaire James Packer jets into town to check on his penthouse for the first time.
It appears Packer’s association with Australia’s most talked about residential project has had a positive effect, with more than $1 billion in sales and around $200m to come with the remaining apartments on the market.
Sales are also soaring down the road in South Barangaroo with 84 per cent of apartments sold in the three towers of One Sydney Harbour.
Packer has a penthouse on the 48th and 49th floors.
It’s been a race for the finishing touches to Packer’s ‘sky home’ at One Barangaroo after he flew into Sydney over the weekend.
Packer, his ex wife Erica and daughters touched down in Sydney on Sunday, travelling by private jet from Saudi Arabia for a short visit.
Packer bought the two storey luxury ‘Sky Home inside Crown Residences off the plan in 2017 for $60m before his departure from the Crown empire.
James Packer and the family have jetted into Sydney to check out his new pad. Picture: Ana Badillo/The Australian
What will greet him as he ascends to the 48th and 49th floors and kicks his shoes off will be jawdropping views over Sydney Opera House and the Harbour Bridge.
Packer has already renovated the apartment, installing an elevator and removing stairs, with other features expected to include Scandinavian bleached birch wood, ripple textured bronze glass and silver-veined stone slabs from Greece.
When Packer bought off the plan, he said Erica would decorate the apartment.
“It’s going to be a family apartment that I will use when I’m in Sydney, Erica will use when she’s in Sydney, and our kids will also use when they’re in Sydney,” he said.
The couple previously shared a home in Sydney’s east, La Mer, which they sold for $70m in 2015
A look inside one of the apartments at One Barangaroo.
Packer is expected to step foot inside his luxury apartment for the first time.
Around 80 per cent of the 82 apartments in the WilkinsonEyre-designed tower had sold as of October 2022, however agents Knight Frank declined to comment on updated sale figures this week.
The latest update in December 2021 revealed $975m in sale proceeds and indicated that Crown had hoped to be sold out by June 2022 with the expected net project cost to be $1.1 billion.
A six bedroom penthouse, priced at $100m, is currently on the market in the 75-floor skyscraper described as “undoubtedly Australia’s most exceptional Penthouse”, complete with
tennis court and its own indoor pool.
Knight Frank has a further five One Barangaroo apartments listed on their website including the largest three bedroom apartment with an asking price of $21m along with two more three bedroom apartments at $12.8m.
There’s also two dual bedroom apartments with asking prices of $10.5m and $11m.
Image of the $100m apartment at One Barangaroo.
It comes as 84 per cent of the One Sydney Harbour tower – Residences One and Two and Waterman’s Residences – in Barangaroo South have sold off the plan.
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