St Leonard's $11 million penthouse sale
Jonathan ChancellorAugust 24, 2016
Around $11 million has been paid for an off-the-plan penthouse in St Leonard’s The Landmark development.
It was secured in the second stage release of the complex by Chinese developer New Hope and VIMG.
The sales included four two-storey penthouses on levels 55 to 58 priced at $3 million to $10.9 million.
The median sale price for units in the suburb is $915,000, according to CoreLogic.
The mixed use development is at 500 Pacific Highway, the tallest residential tower in St Leonards.
A range of studios, one, two and three-bedroom properties are currently available, with prices ranging from $661,000.
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Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
