Penthouse sale breaks records

In what will be the tallest residence in the southern hemisphere, Australia 108’s 100th level penthouse sold this month for a record $25 million.

The 750 sqm Southbank penthouse, which will be located 319 metres above street level, sold on April 8 to an undisclosed businessman based in China.

The $25 million dollar figure marks a new record as the most expensive apartment ever sold in Australia.

Designed by Fender Katsalidis, the penthouse will boast 360-degree views of Melbourne and span the entire top floor of Australia 108, which will be the tallest tower in the southern hemisphere when completed in 2019.

CBRE residential projects managing director Andrew Leoncelli said more than 90 per cent of the 1105 apartments at the Southbank Boulevard address had already sold.

“More than 1000 apartments have been sold, representing the largest number of apartments ever sold in a single building in Australia,” he said.

“The extraordinary sale of the Australia 108 penthouse sets a new benchmark for pricing. It is by far the most opulent, landmark and exciting trophy apartment ever brought to the market.”