Brisbane Penthouse Tipped to Smash Sales Record

Hopes are high a penthouse in Brisbane’s South Bank will smash the city’s apartment sales record.

The 891sq m penthouse atop the 21-storey Emporium building on Grey Street has been brought to the market via an expressions-of-interest campaign by YPM Group, who has put forward a price expectation in the neighbourhood of $30 million.

The current apartment record sale in Brisbane was for an off-the-plan penthouse at New Farm, which sold in February for $16.5m, while YPM Group sold an off-the-plan penthouse at Toowong $13.6m in March, setting a $35,000per sqm record for the river city, according to the agent.

YPM Group director Bryce O’Connor said the never-before-listed penthouse “sets benchmarks for opulence as Brisbane’s luxury penthouses soar in popularity”.

▲ The penthouse has panoramic view of the city from the 21st floor.

The penthouse, which has been held by the same owners since completion in 2018, was previously available for $15,000 a night, hosting visiting pop stars and A-list celebrities.

“The Emporium Residences penthouse represents the pinnacle in grandeur with the best in design, finishes and service, elevating it to a level above Brisbane’s best,” O’Connor said.

“Sitting atop one of Queensland’s leading hotel residences, this penthouse brings the trimmings of a 5-star luxury hotel with lifestyle additions that rivals those enjoyed by the upper echelon in international cities like New York and Hong Kong.

“Services available include concierge, housekeeping, hotel amenities, breakfast to your door, use of a personal in-house chef, in room massage, and a bed turndown service are at your beck and call 24 hours a day.”

▲ A 15m infinity edge pool is among the highlights of the penthouse.

The four-bedroom, three-bedroom penthouse features a 15m infinity edge Italian-mosaic-tiled rooftop pool, 82m of north and east facing frontage and outdoor space with adjoining billiard/entertainment room and bar, private lift access, and a 5000-bottle wine bottle cellar in the six-car basement garage.

“Brisbane produces world-class properties in a city that embraces community, an outdoor lifestyle coupled with some serious business achievements,” O’Connor said.

“Apartments in the Emporium Residences are sought after and rarely come on the market with owners desiring the Emporium community coupled with the respected privacy provided.

“We believe demand is increasing for luxury apartments in Brisbane. And though there is quality product on the way, it is limited, meaning offerings like the Emporium Residences penthouse with attract plenty of interest from those who desire only the best.”