Cashed up buyers top $20m in latest Barangaroo apartment sales

Buyers from Asia dominated the latest round of luxury apartment sales at Barangaroo, with one sale alone topping $20m.

Harbour views have brought cashed-up buyers to Barangaroo. Picture: Gaye Gerard

Asian-based French retail executive Georges Furone-Defforey has forked out $12.74m for a luxury apartment in James Packer’s Crown towers at Sydney’s Barangaroo, one of nine buyers who have spent nearly $120m acquiring opulent units the latest tranche of purchasers reveals.

Asian buyers figure heavily in the latest public documents.

They include the Ung family who have spent $13.1m on an apartment in the 82-unit tower, the Lee family spending $10.45m, the Gu and Lam families who have purchased for $11.6m and the Au-Yeung and Cheng’s who splashed out $12.5m.

The completed Crown Tower at Barangaroo. Picture: Nikki Short

But by far the highest purchase price in the latest tranche of buyers is the $20,565,118 spent by Xiujuan Ma and Guohua Yan – with a Westpac Bank mortgage – a purchase price which obliterates the $12.05m spent by a couple known as the Cao and Xu family who have also bought into the tower atop the Crown hotel.

Last week it was revealed entrepreneur Luke Hepworth, who heads a family dynasty supplying personal protective wear and hand sanitisers, had just paid $9.4m for an off-the-plan plan apartment in James Packer’s soaring Barangaroo complex.

Mr Hepworth has purchased a two bedroom, two bathroom apartment in the striking, 82-unit Sydney tower overlooking Sydney Harbour, according to publicly available information.

An artist’s impression of a swimming pool at the One Barangaroo residences. Picture: Supplied

Hepworth Industrial, based at Ingleburn in Sydney’s south west, manufactures and imports personal protective equipment, apparel and hand hygiene products supplying companies including Honeywell, Ansell and King Gee, according to its website. Hepworth declined to comment.

It comes as figures continue to emerge showing what cashed-up buyers are actually paying to snare a luxury apartment in the $2.2bn One Barangaroo Crown Residences tower.

Tony and Evelyn Lin have forked out $28.8m for a 500sq m plus apartment at Barangaroo, while Zening He and Mi Yi Li have spent $14.48m with a mortgage to NAB.

An artist’s impression of an interior and outlook at the One Barangaroo residences. Picture: Supplied

Yang Li and Ning Wang bought a $12.85m apartment in the complex with a mortgage to Commonwealth Bank.

To date Mr Packer who spent $60m on an apartment is the highest priced purchaser.

Apartments start from around $9.4m for a two bedder.