Think Hong Kong property is expensive? Sydney's One Barangaroo reaches HK$612million

Australia’s most exclusive houses near Sydney Harbour are  being marketed to Hong Kong and Chinese investors from a whopping HK$66.13 million to a penthouse priced at HK$612 million.

One Barangaroo, developed by Crown Resorts, is billed as Australia’s most prestigious residence and one of the most luxurious  in the world.

Todd Nisbet, executive vice-president - strategy and development at Crown Resorts, says One Barangaroo is limited to 82 residences. “The new property will offer top class accommodation features, services, restaurants, bars and amenities from the heart of Sydney Harbour,” Todd says. Fifteen per cent of the houses have already sold including one to James Packer, who set a record for the highest ever transaction off plan in Australia when he bought a penthouse apartment.

WilkinsonEyre is the architect of the development and, according to developers, every level of One Barangaroo has a  different floorplate, while celebrated New York design firm Meyer Davis has crafted bespoke interior layouts and designs for each 82 residence.

Nisbet says that the building is intended to be a third landmark for Sydney Harbour, alongside the Sydney Opera House and Sydney Harbour Bridge. The design will reflect the ultimate in luxury living, and is influenced by London architecture, furnished with Manhattan interiors, and Balinese landscape design.