The cash purchase, completed without a mortgage on title, comprises a two-storey penthouse atop Lendlease’s Residences One tower, along with a sub-penthouse directly below, earmarked for Zhang’s friends and family.
The combined residence spans over 1600 square metres, with nine bedrooms, a soaring eight-metre-high entry, rooftop pool, spa, gym, and a master suite as large as a family home.
Sold off the plan in 2019, the apartment surpasses all prior residential sale records — including the $130 million Point Piper estate “Elaine,” acquired by Atlassian co-founder Scott Farquhar, and the circa $80 million Crown penthouse next door at One Barangaroo.
The deal shattered the elusive $100,000 per square metre benchmark and underscores Barangaroo’s emergence as one of Australia’s premier luxury enclaves.
Residences One, the tallest of three Renzo Piano-designed towers, is part of the $4 billion One Sydney Harbour project, with 95% of apartments now sold.
Domain reported that previous high-profile buyers in the precinct include investor Qing Zhong ($38.95 million for a full floor) and surgeon Dr Franklin Yee and his wife Gloria ($21 million).
Barangaroo’s median unit price currently sits at $4.675 million, reflecting a 26.4% increase over five years, despite a minor quarterly dip, further reinforcing its trajectory as a high-value, prestige market.
