Would You Pay $100M for an Apartment?

A penthouse in James Packer’s new $2 billion Barangaroo hotel-casino complex in Sydney Harbor could cost almost $100 million, according to reports. Packer’s Crown Resorts has proposed that 30 of the hotel’s 69 floors be set aside for residential units.

Suites set aside for high rollers

The most expensive apartment in Crown Resorts’ planned resort complex at Sydney Harbor would carry a price tag of almost $100 million?a record-breaker for the market.

Thirty of the 69 floors in Crown CEO James Packer’s $2 billion Barangaroo hotel-casino complex have been set aside for apartments. According to the Sydney Morning Herald, the two-story penthouse could be the first in Australia to come at such a premium.

“To achieve a super-prime result, the offering must be unique, above 800 square meters, preferably at the top of the building, (with) irreplaceable views, a high level of privacy and security and surrounded by leading amenities,” said Justin Brown, the chairman of CB Richard Ellis’ residential real estate division.

The upper levels will also include a single “Sky Villa,” followed by a whole-floor “Super Villa” for high rollers who patronize the VIPs-only casino, reported the Herald. A recently modified blueprint enlarges the Crown resort hotel from 33,000 square meters to 77,500 square meters.