Ultra-luxury apartment unlikely to sell

Original article by Samantha Hutchinson
The Australian Financial Review – Page: 5 : 31-Jul-14

The architecture firm responsible for designing Sydney’s Crown Casino tower proposes to reserve the top three floors for a single apartment. There has been media speculation that the luxury penthouse could fetch around $A100m, but some real estate agents question whether anybody would be prepared to pay such a figure for an apartment in Australia. However, CBRE’s Justin Brown and Savills’ Adam Ross say such a price is possible

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, CBRE PTY LTD, SAVILLS (AUST) HOLDINGS PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, WILKINSON EYRE ARCHITECTS, SIMEON MANNERS PROPERTY

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