Hong Kong developer Top Spring has paid $94 million for a large site in Sydney’s rapidly transforming Double Bay and plans have been approved for an apartment complex where penthouses will cost more than $20 million.
Top Spring Australia managing director Sydney Ma said the six-level Double Bay project, designed by Luigi Rosselli Architects, would target affluent downsizers from wealthy suburbs nearby such as Bellevue Hill, Point Piper, Woollahra and Vaucluse.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
