Adelaide’s Most Opulent Apartment
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Adelaide’s Most Opulent Apartment

The stunning full-floor penthouse comes with a $10m price tag — and represents the newfound allure of the SA capital.

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Mon, Nov 8, 2021Grey Clock 2 min

Adelaide is fast shirking its ‘small city’ reputation with a luxurious new penthouse set atop the new 37-storey Market Square tower set for the city’s CBD.

The impressive $10 million Skyline penthouse (designed by the internationally renowned Woods Bagot) delivers 935sqm across four bedrooms, three bathrooms and nearly 300sqm of outdoor living space — served with panoramic views of Adelaide’s CBD, Hills and across the beaches and water.

The offering presents a rare opportunity to live in the cultural and historic heart of Adelaide’s vibrant CBD – with further heritage value and appeal attached to the 150-year history of the Central Market location.

While the penthouse takes centre stage in this once-in-a-generation build, the sub-penthouses also step onto this prized podium as two level 36 offerings comprising 3-bedroom and which start from $5.2 million.

Further to the amenities presented by these properties, Market Square itself will deliver exclusive access to a residents’ lobby bar, health and wellbeing zone, library, cinema, outdoor kitchen and private dining room, car wash, EV charging stations, cool room and parcel storage, dog wash as well as an on-site childcare centre.

The elevated appeal of the property aligns to that of Adelaide itself — a city on the ascent with heightened liveability credentials and a priority market that boasts a 19.1 per cent rise in prices in the 12 months to September.

Such rising popularity pushes a fast deadline in regards to securing a piece of one of Market Square, with more than 80 per cent of the 212 apartments – set to occupy levels 16-37 – already sold.

A 251-room hotel will operate across lower levels of the development while an 11,000sqm retail centre and a further 15,000sqm of office space is also allocated.

The Market Square project redevelops a central area that is bordered by Gouger and Grote Streets, the Samuel Way courts complex and Hilton Hotel on one side the historic market – the latter established in 1869 and which still operates and is not part of the new development.

Headed by developers ICD — think Aspire Melbourne and City Tattersalls Sydney, among others — construction will commence in 2022 and is scheduled to complete in three and a half years.


Melbourne’s prestige market has had an exceptional year.

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