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

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. 

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.

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.

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

Luxury Residential Project Sorano House Takes Shape in Kangaroo Point

Despite challenging market conditions, Trezetto Developments, in collaboration with Rocking Horse Constructions, has officially begun construction on Sorano House, an eight-storey residential building in Kangaroo Point.

Designed by Ferro Chow, this distinctive project is set to redefine luxury living in this riverside precinct. Construction work commenced even before Sorano House was officially launched to the market in September 2023, showcasing the confidence of the developer and builder in this project. 

The collaboration and the remarkable design of the project spurred the team to break ground, proving their commitment to delivering a project of exceptional quality.

Luxury Living at its Finest

Located at 8-12 Hamilton Street, Sorano House is set to be an exclusive collection of seven spacious full-floor apartments, each spanning an impressive 350 square meters. The apartments will offer breathtaking views of the CBD skyline and the meandering Brisbane River, setting a new standard for luxury living in the area.

Sorano House
Photo Credit: realestate.com.au

Each apartment in Sorano House will boast four bedrooms, 4.5 bathrooms, and an array of top-tier amenities. The luxurious features include premium European appliances, a magnificent 5.5-meter marble kitchen island, and a travertine-clad lift lobby. For residents seeking relaxation and wellness, the building will house a gym, a Himalayan salt sauna, a pristine pool, and a private dining room complete with a wine cellar.

Photo Credit: realestate.com.au

A Growing Luxury Market in Brisbane

“Our belief in the design for Sorano House, paired with this incredibly rare address, has given us the confidence to begin construction on site. We know that construction is a huge confidence booster for purchasers looking at residences of this calibre and value,” Sam Sgroi, Managing Director of Trezetto Developments said. 

“The luxury market in Brisbane has seen some incredible growth in the past few years, and Sorano House represents Brisbane’s coming of age, bringing design once reserved for the ultra-luxury Sydney market to the most iconic Brisbane location,” YPM Group project sales director, Phillip Rand, emphasized.

Sorano House’s prime location, with its proximity to Brisbane’s CBD, soon to be connected by the Kangaroo Point Green Bridge, ensures residents the ultimate connectivity and privacy. This development marks the continued evolution of Kangaroo Point into a developer hotspot, with various projects planned and underway in this sought-after precinct.

Sorano House is expected to be completed in early 2025. 

Published 27-Oct-2023