Kangaroo Point Penthouse Achieves Record $14 Million Sale, Sets New Benchmark in Brisbane’s Luxury Market

SoranoHouse

The penthouse at Sorano House in Kangaroo Point has secured a record-breaking $14 million off-the-plan sale, underscoring the soaring demand in Brisbane’s luxury residential market.



This sale price translates to an unprecedented $45,000 per square metre, surpassing the previous record of $35,000 per square metre set by Spyre Group’s Moray House project last year.

The luxurious two-storey penthouse at 12 Hamilton Street boasts 180-degree views of the Brisbane River and city skyline. It includes four bedrooms, 5.5 bathrooms, and exclusive amenities such as a private rooftop with a pool, spa, sauna, outdoor dining area, and firepit. 

SoranoHouse
Photo Credit: Ferroarch.com

Sam Sgroi, Managing Director of Trezetto Developments, described the sale as indicative of a “new age” for Brisbane’s luxury residential market, highlighting the Sorano House penthouse’s unique appeal and irreplaceable location.

SoranoHouse
Photo Credit: Ferroarch.com

Phillip Rand, Project Sales Director at YPM Group, noted that the buyer, a Brisbane local, had been searching for a distinctive riverfront property for over two years. The sale sets a new internal sales rate record for Brisbane and aligns the city’s property values with those in Sydney’s most prestigious waterfront suburbs.

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Sorano House was launched to the market in October 2023. Four of the six single-storey apartments have already sold for an average price of $8.6 million. Construction is currently underway and is anticipated to be completed in early 2025.



Published 13-April-2024