Luxury Redefined: Inside Brisbane’s $9 Million Apartment Sale

Brisbane's real estate market has reached a new pinnacle with the recent sale of a two-storey apartment in the Abian Tower, located at 2802/140 Alice Street, Brisbane City. This luxurious residence changed hands for an unprecedented $9 million, setting a new record for the city's central business district, as reported by the Courier Mail. 

A Record-Breaking Transaction

This sale eclipses previous high-profile transactions within the same building, notably surpassing the $8.03 million purchase of a penthouse by racing team owner Tony Quinn in 2024. It also exceeds the $8 million acquisition of an Admiralty Quays penthouse by entrepreneur Thérèse Rein and former Prime Minister Kevin Rudd in 2016.

Architectural Elegance and Prime Location

Constructed in 2017 with design influences from renowned architect Zaha Hadid, the apartment boasts four bedrooms and five bathrooms across two expansive floors. A standout feature is the 100-square-meter outdoor balcony offering panoramic views of Brisbane's Botanical Gardens. Residents benefit from exclusive amenities, including a private lift, four secure car parks, a wellness center, swimming pools, and a gym.

Future Plans for the Residence

The property was acquired by an internationally-based family with substantial business interests. They intend to undertake significant renovations to tailor the space to their preferences, including replacing porcelain floors with timber and redesigning the kitchen. This commitment to further investment underscores the property's intrinsic value and the robust nature of Brisbane's luxury real estate market. ​

Implications for Brisbane's Property Market

This landmark sale highlights the growing appeal and confidence in Brisbane's high-end property sector. The Abian Tower's strategic location, coupled with its world-class amenities and proximity to the CBD and Botanical Gardens, positions it as a premier residential choice. This transaction not only sets a new benchmark for luxury apartments but also reflects the city's evolving status as a hub for upscale living.

For more photos, check out the listing on realestate.com.au.

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