A “super penthouse” in New Zealand hits the market, aiming for a price record

TRD MIAMI TRD WEEKEND EDITION /
May.May 17, 2020 12:00 PM
Penthouse at the Pacifica tower (Credit: The Pacifica)

Penthouse at the Pacifica tower (Credit: The Pacifica)

The most expensive home to ever hit the market in New Zealand is now up for grabs.

Australian developer Hengyi Pacific is asking NZ $40 million, or $23.9 million, for what the company calls a “super penthouse” atop the Pacifica tower under construction in Aukland, according to Bloomberg.

The unit spans 13,000 square feet across the 53rd and 54th floors of the tower. Hengyi Pacific didn’t originally plan to offer such a massive unit. The firm planned to build 285 units, but decided to carve out space for the penthouse after discovering some interest for larger units during the marketing phase.

The developer’s general manager in the country, Elizabeth Scott, suggested that it took some major redesigns, saying the firm “had our engineers redirect their attention to enable the penthouse to be constructed.” Workers broke ground on the tower in 2017.

The unit is exempt from a government requirement that buyers obtain approval before buying a home in the country, which could make it more appealing to foreign shoppers.

There isn’t much wiggle room for negotiation if Hengyi Pacific is going to break a record with the sale — the current single-family home record was set in 2013 when a mansion in Aukland traded for NZ$39 million.

The interiors are currently unfinished. Scott said a buyer could either purchase the penthouse as is for around NZ$35 million or go ahead with the developer’s plans.
The lower level would have most of the common space, the kitchen, a media room, and office. The upper floor would have five bedrooms, a gym, sauna, and spa. [Bloomberg]Dennis Lynch


Related Articles

arrow_forward_ios
Map of priciest condo sales and 321 Ocean (Credit: Google Maps)

Miami’s condo market rebounds, led by $22M sale at 321 Ocean

Miami’s condo market rebounds, led by $22M sale at 321 Ocean
Map of priciest condo sales and Oceana Bal Harbour (Google Maps)

Oceana Bal Harbour sale tops Miami condo sales last week

Oceana Bal Harbour sale tops Miami condo sales last week
Map of priciest condo sales and Oceana Bal Harbour (Google Maps)

Miami condo sales steady as Covid cases surge

Miami condo sales steady as Covid cases surge
Map of priciest condo sales and St. Regis Bal Harbour

Condos selling in Miami-Dade amid soaring coronavirus cases

Condos selling in Miami-Dade amid soaring coronavirus cases
Map of priciest condo sales and One Thousand Museum (Credit: Google Maps and Wikipeda)

Miami condo sales bounce back

Miami condo sales bounce back
Map of priciest condo sales and Oceanside Fisher Island (Credit: Google Maps and Redfin)

Miami condo sales flatten at the end of June

Miami condo sales flatten at the end of June
Map of priciest condo sales and Bayview Fisher Island unit 5342 (Google Maps, Compass. JJW Construction)

Miami condo sales dollar volume continues to drop

Miami condo sales dollar volume continues to drop
Map of priciest condo sales and Palazzo Della Luna (Google Maps)

More Miami condos sold last week, but dollar volume fell

More Miami condos sold last week, but dollar volume fell
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...