One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=799]

In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

[smartcode_project:default project_id=112194 project_image_fid=814]

Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=807]

The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="f83ffdaa-f960-469d-b6fe-abcece57c9ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.09%E2%80%AFAM.png?VersionId=4oKlCyfaKes7jLi1_EMoqa46w2h_YvDZ" />

The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

[smartcode_project:default project_id=114216 project_image_fid=3784]

Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

[smartcode_project_cta:default project_id=114216]

Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

Penthouse Sale

<html><body>There has been a $2,875,000 Trilogy North, Surfers Paradise skyhome sale, just 30 days after its listing.

It last sold at $2.7 million in 2011.

Set on the top two floors of the Trilogy North building, it comes with 360 degree views from both the 21st and 22nd floors.

The four bedroom, five bathroom penthouse has its own infinity pool.

The apartment has 670sqm on title with its extensive living space having towering 9m high ceilings. There is some 100 sqm of outdoor space.

Three of its bedrooms have walk-in robes, ensuites and adjoining terraces.

There is basement parking for five cars plus lock-up storage area.

It was sold by Shaun Bourke at Harcourts Coastal.

The apartment first sold at $1.425 million off the plan in 2003.

CoreLogic advises it was listed with $4 million hopes in 2015.

Realestate.com.au calculated Surfers Paradise, based on five years of sales, has seen a compound growth rate of 2.4% for units.

There was a $1.2 million sale in the complex last November which failed to exceed its initial sale at $1,375,000 in 2004.</body></html>

The apartment sits on the top two floors of the Trilogy North building on Cypress Avenue

jchancellor

$2,875,000 Trilogy North, Surfers Paradise skyhome sale

<html><body>
Penthouse apartments in Elizabeth Bay, with their outlook across the boat-laden harbour, are a popular catch.
The latest sale crowns the 1970s Onslow Avenue apartment complex Tradewinds.
The living spaces are wrapped in wall to wall windows and a balcony that spans the entire width of the building.
The apartment has three bedrooms and three bathrooms, including a Japanese-style main tub and monsoon shower in the main bathroom. A stone and stainless steel kitchen with European fitout joins the living spaces.
Since it last traded for $2.13 million in 2008, there's been an upper level architect-designed extension, comprising a study and second sitting room wrapped in glass which opens to the roof deck and surrounding gardens.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/7/Onslow%20penthouse%202.jpg" alt="">
BresicWhitney agents Shannan Whitney and Nick Gill had given a guide of $5.8 million, and they secured $4.85 million.
Last month a Manar, Potts Point apartment (below) resold for $3.75 million, a few weeks after its no-bid auction through Richardson &amp; Wrench agent Jason Boon.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/7/Manar%20Potts%20Point.jpg" alt="">
It had been sold last November at $4.1 million but the sale did not proceed to settlement.
Records show that it was bought in 2009 for $2.25 million from the former lawyer­ Russell Keddie.
In August Clint Ballard at Ballard Property secured the sale of the two level penthouse (below) crowning one of the more modern blocks on Elizabeth Bay's harbour front Billiard Avenue dress circle.
It was sold for $15 million by fund manager Michael Hill after having $14 million hopes.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/7/BKH%20Elizabeth%20Bay.jpg" alt="">
The apartment, atop the Burley Katon Halliday-designed block, dates back two decades. It has five bedrooms and six bathrooms across its 425 square metres of internal space.
It features 375 square metres of wrap around balconies and terraces.
The development was completed in the late 1990s after East Asia Property Group paid $8.5 million for Cardigan, the waterfront mansion of solicitor Cedric Symonds and his socialite wife Elizabeth.
They knocked down the home in 1996 and replaced it with a six apartment development with a pool and private jetty.
The Elizabeth Bay penthouse atop Darnley Hall fetched $9.75 million earlier this year when bought by Cyber security boss Mark Dowd and wife Olivia Ross.
</body></html>

j.ballantyne1990-6AQqhLzZaK

$1 million discount secures Elizabeth Bay penthouse sale

<html><body>
A Wollongong apartment has been re-sold for $5.85 million.
The Illawarra district property had been the most expensive property of 2017 in the region when 11/72 Cliff Road, Wollongong sold for $3,793,000.
The oceanfront penthouse contains four bedrooms and two bathrooms.
It occupies the entire sixth floor of the east tower in the 33-apartment luxury development The Esplanade.
The 11/72 Cliff Road apartment was initially listed off-the-plan for $4.5 million in 2015.
Rob Austin from Harrison Property was the selling agent of both sales.
It has been sold to a Sydney buyer who was from Wollongong.
It has an internal floor space of 275 square metres plus 225 square metres of balconies, a five-car garage and lock-up storage.
The Esplanade is a dual-tower complex built on the former Villa Maria nursing home site.
</body></html>

Wollongong apartment resold for $5.85 million

<html><body>
Apartment price per square metre data is one of the key criteria that valuers and economists look for when reviewing property prices and trends.
Over recent times, the actual apartment size has become a mild influencer among buyers, especially off-the-plan, who have embraced the purchasing reckoner common in other global cities.
<img class="size-full alignnone" src="https://res.akamaized.net/domain/image/upload/t_web/v1571432230/LL6718_UR_OSH_Artist_Impression_1_ozlccf.jpg" alt="LL6718_UR_OSH_Artist_Impression_1_ozlccf"> Artist’s impression of the $100m+ penthouse at the One Sydney Harbour development in Barangaroo. Photo: Lendlease
Lendlease officially announced a $140 million sale of a dual key penthouse in its One Sydney Harbour tower at Barangaroo South on the weekend.
The price reflected a record $100,000 per sqm-plus for the 1000sqm internal space within the two-floor penthouse. The lower 600sqm sub-penthouse component, plus car spaces et al, works out at about $66,000 per sqm.
The prior record was <a href="/news/26-million-circular-quay-opera-residences-penthouse-sale-in-57-million-swoop">$95,000 in the 2016 sale of two Opera Residences penthouses</a>, currently being built on Macquarie St.
<img class="size-full alignnone" src="https://res.akamaized.net/domain/image/upload/t_web/v1571360163/LL2-2_pe4ace.jpg" alt="Renders of Lend Lease Tower 1 and 2">
These stellar prices don’t quite match Hong Kong and Monaco sales.
Sydney’s cheapest sale at the weekend was a $470,000 Parramatta unit — which was $5300 per sqm.
Tower 1 is the tallest of three buildings in the One Sydney Harbour development, designed by Pritzker Prize-winning architect Renzo Piano.
<img class="size-full alignnone" src="https://res.akamaized.net/domain/image/upload/t_web/v1571432230/LL6718_UR_OSH_Artist_Impression_2_ztb5ds.jpg" alt="LL6718_UR_OSH_Artist_Impression_2_ztb5ds">
Lend Lease secured approval in 2017. Planning records show Tower 1 is set to be 247 metres high with 317 apartments approved over 72 levels.
This article was first published in the Sunday Telegraph.
</body></html>

jchancellor-FAypfDUnLy

Lendlease's Tower One in Barangaroo breaks price per sqm record in $140 million sale

<html><body>
The penthouse on the top level of Domain Park, designed by the celebrated architect Robin Boyd in the 1960s, has sold for $7.6 million, reflecting $46,000 per square metre.
The unrenovated 20th level apartment, which had a reserve of $5.1 million, sold at $44,000 per square metre as two bidders battled it out at its recent private auction.
Marshall White Stonnington agents Dean Gilbert and Mark Harris had a $4.55 million to $5,005,000 guide.
The Domain Park Flats was the first apartment building Boyd designed.
At the time it completed, it was the tallest residential building in Victoria.
The first residents of Domain Park Flats moved in in 1962.
The north-west facing apartment with views over the Botanic Gardens to Albert Park Lake features the original separate kitchen.
There are three bedrooms and just the one bathroom.
Buyers agent Mal James advised he "couldn’t see the freight at $5,000,000".
"$5,000,000 meant the asking price for the shell only was $30,300 per square metres for the 165 square metres," James advised.
"It’s not worth $30,300 per square metre when the best brand new apartments are trying it on at $25,000 per square metre."
</body></html>

Robin Boyd's most coveted penthouse sold for $7.6 million in South Yarra

<html><body>
The two level penthouse crowning one of the modern blocks on Elizabeth Bay's Billyard Avenue dress circle has been sold by fund manager Michael Hill.
The penthouse was set to go to Cooley Auction last night, but was withdrawn with auctioneer Damien Cooley advising the near empty auction room that there had been "offer and acceptance."
No sale price advisory was given on the offering which was listed with $14 million hopes by Clint Ballard at Ballard Property Group.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/29/28%20Billyard%20Avenue.jpg" alt="">
The apartment, atop the Burley Katon Halliday-designed block, dates back two decades. It has five bedrooms and six bathrooms across its 425 sqm of internal space.
It features 375 sqm of wrap around balconies and terraces with views over the boat-filled harbour.
The development was completed in the late 1990s after East Asia Property Group paid $8.5 million for Cardigan, the waterfront mansion of solicitor Cedric Symonds and his socialite wife Elizabeth.
They knocked down the building in 1996 and replaced it with a six apartment development with a pool and private jetty.
The penthouse first traded for $7.1 million in 2001, three years after its completion. It was bought by David Wilkenfield, a ballet clothing manufacturer.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/8/29/28%20Billyard%202.jpg" alt="">
He doubled his money in five years, selling for $14 million in 2006 to Hal Herron, the former Deutsche banker.
Herron wasn't so lucky however and sold at a $2 million loss, selling to Investec Bank chairman David Gonski for $12 million in 2012.
Gonski only held the apartment for two years before its $12.5 million in 2014 sale.
The last sale in the tightly held block was three years ago when Anthony Hourigan and Monique D'Arcy Irvine from the recruitment company, Hourigan International, bought the third level apartment for $7 million.
 
</body></html>

28 Billiard Avenue, Elizabeth Bay penthouse sold

<html><body>
Chinese billionaire Zetian Zhang, also known as “Sister Milk Tea”, has taken a $2.7 million loss on her prized three-level 598sq m penthouse atop the Stamford Residences in Gloucester Street, The Rocks.
The leasehold penthouse was reportedly offloaded through Richard Shalhoub, of Sydney Sotheby’s, who had overseen the marketing price adjustment to $15 million late last year.
However despite the January 17 settlement, <a href="https://www.sothebysrealty.com/eng/sales/detail/180-l-84001-reqys2/28a-171-gloucester-street-sydney-sydney-sw" target="_blank">the listing</a> for 28A/171 Gloucester Street still mysteriously appears as for sale on the agency website.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/23/Sothebys-Tea.jpg" alt="">
Standard industry practice is that a property that has sold is then either moved to sold or removed from the listing website within 72 hours, as being kept in the buy section of websites is commonly viewed as a breach of the acceptable industry policy.   
The settlement paperwork obtained by Property Observer indicates it sold for $13.5 million to hotelier Ramy Arnaout and his wife Nadia, under a company name.
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After purchasing it for $16.2 million in April 2015, Zetian, the wife of e-commerce billionaire Richard Liu, initially put the penthouse on the market with an $18 million price tag in mid-2017.
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Chinese billionaire Zetian Zhang, aka “Sister Milk Tea” takes $2.7 million loss in the Rocks

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702/252 Hedges Ave, Mermaid Beach has sold for $5.25 million.
A luxury non-beachfront penthouse on the Gold Coast’s Millionaire’s Row has been sold for $5.25 million within two weeks of hitting the market.
Former Carlton Football Club director and developer Colin De Lutis, whose family real estate empire is reportedly worth more than $500 million, flew up to inspect the two-level Mermaid Beach penthouse as soon as he got the call it was on the market.
He made a cash unconditional offer of $5.25 million only hours later for the 758 square metres space.
The Hedges 252 penthouse includes beach views, a glass lift, roof terrace and a 15-metre heated lap pool
De Lutis already owns an apartment in the Paradise Centre at Surfers Paradise
The penthouse sold 18 months ago when former Coles boss John Fletcher sold it at a $1.9 million loss.
Records show Fletcher paid $6.7 million in 2007 at the height of the boom but sold for $4.8 million in 2016.
Tolemy Stevens, the selling agent advised close to $100,000 on improvements had been spent on the residence in the interim.
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Hedges Avenue, Mermaid Beach penthouse sold

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<div class="tg-tlc-storybody_intro">
Ron Bakir, the property development company owner Ron Bakir has secured the sale of his Gold Coast penthouse, selling the palatial Surfers Paradise apartment for a record $9.5 million.
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The sale of the 39th-floor Chevron Renaissance apartment tops the city’s previous penthouse high of $9.2 million, set six years ago when Melbourne builder Peter Devitt bought in Main Beach’s Liberty Panorama tower.
It sold to an an undisclosed Gold Coast resident.
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Bakir and wife Maja, who in September became parents, told The Gold Coast Bulletin they intend building a riverfront family home on the Isle of Capri.
The Skyline Central penthouse was initially for sale at $12.5 million in 2016, with the price later cut to $9.95 million.
The whole-floor apartment comes with four ensured bedrooms.
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There is a 12-seat rooftop teppanyaki grill.
There are eight drop-down TV sets.
It comes with parking for 21 cars, and 650sq m of storage space.
The apartment was installed in the space after Bakir bought the ex-Raptis offices for $1.2 million in 2014.
Bakir, who at 17 was the founder of the Crazy Ron’s mobile-phone business in Queensland, has the HomeCorp property group which plans to build 600 homes in the Brisbane-Gold Coast corridor, Ipswich and Toowoomba during 2018.
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Ron Bakir's record $9.5 million Surfers Paradise penthouse sale

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The final penthouse at luxury Roseville development, The Uptown, a joint venture between Chinese developers CWG Development and Longton Capital, has achieved the highest apartment sale price in the suburb for nearly two and a half years.
The $1.845 million sale saw a local North Shore buyer snap up the three-bedroom, three-bathroom fourth-floor penthouse residence.
Located at 1-31 Victoria St, Roseville, The Uptown is a medium-density development comprising 220 apartments across six buildings set on 1.3 hectares.
The sale confirms the ongoing interest from local owner-occupiers in The Uptown, according to Winnie Pi, Executive Director of Longton Capital.
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“With its location in Roseville, The Uptown is close to many great north shore schools, in Chatswood, Roseville, Lindfield and Pymble, and this has been a key motivator for buyers in the area,” she said.
“In addition, the fact that The Uptown is located right near Roseville train station, and only one stop from Chatswood for shopping and dining, means it is perfectly situated for a range of owner-occupier buyers.”
The penthoused featured a raised ceiling section called The Clerestory, which gives an added feeling of space.
“With heights ranging from approximately 3100mm to 3400mm, these raised ceilings set the penthouses apart and make them a highly sought-after option for buyers seeking something extra.”
Jennifer Loh, Head of Sales &amp; Marketing for CWG Development, said buyers could secure the remaining 10 apartments ahead of the project’s pending delivery date in November.
Of the remaining apartments at The Uptown, one-bedroom plus study configurations are available from $860,000, while two bedrooms start from $1,210,000.
The project was designed by MD+A Architects and with interiors by Archer + Wright.
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The Uptown will be set within lush landscaped gardens designed by 360 Degrees Landscape Architects.
To find out more about The Uptown, please call 1300 88 99 03 or visit <a href="https://www.propertyobserver.com.au/theuptown.com.au" target="_blank">theuptown.com.au</a>.
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