One Sydney Harbour exceeds $3.7b sales as Residences One reaches highest point

Lendlease’s One Sydney Harbour residential development has secured more than $3.7 billion in sales across its three towers, as the project celebrates a significant milestone of ‘topping out’ of Residences One, marking the completion of the highest structural point of the 72-storey tower. With more than 1.6 million construction hours clocked up and comprising over 31,000 cubic metres of concrete, Residences One will move into the final phase of delivery which includes completing the façade panel installation and internal fit-outs of the upper floors. Construction is continuing on Residences Two and Watermans Residences, with the One Sydney Harbour precinct slated for completion in 2025.

Claiming the record for Australia’s most expensive residence – the three-storey penthouse that sold for $140 million – only a limited number of residences remain, with Residences One now 96 per cent sold. One Sydney Harbour has maintained strong buyer interest and is over 90 per cent sold across all three towers, including the sale of all Skyhomes and Penthouses, with over 90 per cent of precinct purchasers from the local Sydney area.

Designed by Pritzker Prize-winning architect Renzo Piano, alongside leading interior designers Daniel Goldberg and Chris Darling, One Sydney Harbour marks the final piece to be delivered by Lendlease as part of its award-winning and carbon neutral precinct Barangaroo South.

Residences One and Residences Two at One Sydney Harbour have been awarded a 6 Star Green Star rating in Design by the Green Building Council Australia, with Watermans Residences also targeting 6 Star Green Star. Building on the sales success across One Sydney Harbour, Lendlease and Mitsubishi Estate Asia jointly acquired the One Circular Quay development this year, which will deliver an estimated end value of $3 billion.

Tom Mackellar, Managing Director Development, Lendlease said “Completing the structure of Residences One, the first and tallest of our three residential towers in One Sydney Harbour, brings us one step closer to delivering the last part of the decade-long development of Barangaroo.

“It has been an exciting journey since we first launched Residences One, which has since been met with unprecedented and continuous demand through construction. It’s also why we’re confident in the future success of our new One Circular Quay development which has already attracted strong interest to date.”

Photos & information courtesy of Lendlease Corporation Limited,