5 Luxury Brisbane Apartments
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5 Luxury Brisbane Apartments

Inside the Queensland capital’s most elevated residences.

By Kanebridge News
Tue, Jul 20, 2021 4:52pmGrey Clock 4 min

1201/25 Shafston Avenue, Kangaroo Point, QLD

1201/25 Shafston Avenue, Kangaroo Point, QLD

 

Penthouses like 1201 are a rare find. Offering 4-bedrooms, 4-bathrooms and 4-car parking the expansive residence spans 362sqm of the Lume development.

Through a cleverly designed floor plan, ultra-high ceilings and the abundant use of floor to ceiling glazing this beautiful residence is able to offer sweeping views of the river and Brisbane city skyline.

A focal point of the residence is the chef’s standard kitchen complete with Liebherr integrated fridge/freezer, high-end Miele appliances, stone top benches, stools and an inbuilt wine fridge. Elsewhere a large butler’s pantry with a large wine fridge is found.

Floor to ceiling stacker doors open the living area onto a 32sqm balcony, bringing more panoramic vistas.

Further, the second living space is ideal for entertaining with inbuilt cabinetry and three build in bar fridges.

The master suite boasts an enormous ensuite complete with free-standing bathtub and double vanity and is fitted with a walk-in robe and feature LED lighting.

The remaining bedrooms are all generous in size.

The listing is with Total Property Group, POA; lume.com.au

 

 

4702/443 Queen Street, Brisbane City, QLD

4702/443 Queen Street, Brisbane City, QLD

The only remaining penthouse in Cbus Property’s 443 Queen St development.  Here, penthouse 4702 sees a grand stone-lined foyer, views of the river, story bridge, and Kangaroo Point cliffs.

The 399sqm residence comprises four bedrooms – each with a private ensuite, a powder room three separate living areas, here separate balconies a butler’s kitchen, laundry room, drying court and four secure car spaces.

Elsewhere, the kitchen is centrally located to service each of the dining spaces, as well as the spacious lounge area all of which are adorned in a heady combination of stone and custom joinery.

Designed by the best in subtropical architecture, internationally acclaimed WOHA and Architectus, 443 Queen St is a true visionary masterpiece bringing ‘Queenslander’ breathability to luxury penthouse living.

The residence is also privy to arrival gardens on each level and the development’s full-floor recreation deck with a 25-metre riverside infinity pool, gym, dining room, cabana lounges and barbeque areas

Entertainment is at one’s doorstep with the very popular Howard Smith Wharves nearby, replete with an array of restaurants, bars and entertainment.

The listing is managed by CBRE, POA; 443queenst.com

 

462/30 Macrossan Street, Brisbane City, QLD 

462/30 Macrossan Street, Brisbane City, QLD 

Penthouse 462 has been meticulously crafted over several years making it arguably one of the finest apartments in the Brisbane CBD.

Located on the 46th floor arrives this tri-level penthouse offers 5-bedrooms, 4-bathrooms and 3-car parking with views that stretch from the Story Bridge across the river to Kangaroo Point and beyond.

Boasting 4.8-metre ceilings, custom timber and leather panelling and book matched marble flooring – it is evident that details were at the forefront of design.

Elsewhere, the spacious living and dining areas flow seamlessly to the northeast facing alfresco terrace, serviced by a European entertainer’s kitchen – complete with Gaggenau appliances and butler’s pantry – with integrated smart home technology.

Further, an impeccable wine cellar and wet bar – with room for 300 bottles and three wine fridges finds its home in the penthouse.

Accommodation includes four impressive ensuites bedrooms and a dedicated study/ fifth bedroom. The master suite offering generous walk-in robes, custom cabinetry, and luxurious ensuite bathroom with an attached gym on the upper-level master.

Additional amenities include access to a tennis court, swimming pool. Spa another gym, steam room, barbecue area and private lifts within the residence.

The listing is with Ray White Bulimba, offers over $5.5 million; raywhiteeastbrisbane.com.au

 

18/80 Oxlade Drive New Farm

18/80 Oxlade Drive New Farm

Sprawling over 390sqm and offering an impressive 16 metres of unrivalled river frontage, this 4-bedroom, 4-bathroom, 5-garage  residence is the pinnacle of indulgence.

Within, a bespoke kitchen and generous butler’s pantry, appointed with Sub Zero and Wolf appliances is an inviting place to entertain and opens out towards the oversized dining and entertaining spaces.

The entry – accessed via direct lift – sees soaring ceiling, use of natural stone and herringbone timber flooring.

Elsewhere an opulent master suite provides a sense of space and intimacy with its ensuites and luxurious ‘his’ and ‘hers’ dressing rooms.

Further accommodations include three large ensuite bedrooms, a media room, a home office and a library.

A casual stroll along Oxlade Drive can lead you to Brisbane Power House, New Farm Park or Howard Smith Wharves.

The listing is with Place Estate Agents, POA;  eplace.com.au

5/128 River Terrace, Kangaroo Point, QLD

5/128 River Terrace, Kangaroo Point, QLD

Set in an elevated position above the Kangaroo Point cliffs comes this 4-bedroom, 2-bathroom, 2-garage penthouse apparent moments from Bribsane’s CBD.

Bookended by Story Bridge and South Bank Parklands, the residence spans over 260sqm and boasts stunning uninterrupted views.

An open plan living, kitchen and dining area integrates with the covered outdoor balcony, framed by floor-to-ceiling glass and high ceilings.

The kitchen is finished in natural stone and arrives with a butler’s pantry and premium Miele appliances. Further, you’ll find an oversized master retreat boasting a generous walk-in robe and dressing room alongside an ensuite with travertine flooring, an open shower and a freestanding bath.

The listing is with Place Property Agents, POA; eplace.com

 

 

 



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Hong Kong Takes Drastic Action to Avert Property Slump

The city’s real-estate market has been hurt by high interest rates and mainland China’s economic slowdown

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Hong Kong has taken a bold step to ease a real-estate slump, scrapping a series of property taxes in an effort to turn around a market that is often seen as a proxy for the city’s beleaguered economy.

The government has removed longstanding property taxes that were imposed on nonpermanent residents, those buying a second home, or people reselling a property within two years after buying, Financial Secretary Paul Chan said in his annual budget speech on Wednesday.

The move is an attempt to revive a property market that is still one of the most expensive in the world, but that has been badly shaken by social unrest, the fallout of the government’s strict approach to containing Covid-19 and the slowdown of China’s economy . Hong Kong’s high interest rates, which track U.S. rates due to its currency peg,  have increased the pressure .

The decision to ease the tax burden could encourage more buying from people in mainland China, who have been a driving force in Hong Kong’s property market for years. Chinese tycoons, squeezed by problems at home, have  in some cases become forced sellers  of Hong Kong real estate—dealing major damage to the luxury segment.

Hong Kong’s super luxury homes  have lost more than a quarter of their value  since the middle of 2022.

The additional taxes were introduced in a series of announcements starting in 2010, when the government was focused on cooling down soaring home prices that had made Hong Kong one of the world’s least affordable property markets. They are all in the form of stamp duty, a tax imposed on property sales.

“The relevant measures are no longer necessary amidst the current economic and market conditions,” Chan said.

The tax cuts will lead to more buying and support prices in the coming months, said Eddie Kwok, senior director of valuation and advisory services at CBRE Hong Kong, a property consultant. But in the longer term, the market will remain sensitive to the level of interest rates and developers may still need to lower their prices to attract demand thanks to a stockpile of new homes, he said.

Hong Kong’s authorities had already relaxed rules last year to help revive the market, allowing home buyers to pay less upfront when buying certain properties, and cutting by half the taxes for those buying a second property and for home purchases by foreigners. By the end of 2023, the price index for private homes reached a seven-year low, according to Hong Kong’s Rating and Valuation Department.

The city’s monetary authority relaxed mortgage rules further on Wednesday, allowing potential buyers to borrow more for homes valued at around $4 million.

The shares of Hong Kong’s property developers jumped after the announcement, defying a selloff in the wider market. New World Development , Sun Hung Kai Properties and Henderson Land Development were higher in afternoon trading, clawing back some of their losses from a slide in their stock prices this year.

The city’s budget deficit will widen to about $13 billion in the coming fiscal year, which starts on April 1. That is larger than expected, Chan said. Revenues from land sales and leases, an important source of government income, will fall to about $2.5 billion, about $8.4 billion lower than the original estimate and far lower than the previous year, according to Chan.

The sweeping property measures are part of broader plans by Hong Kong’s government to prop up the city amid competition from Singapore and elsewhere. Stringent pandemic controls and anxieties about Beijing’s political crackdown led to  an exodus of local residents and foreigners  from the Asian financial centre.

But tens of thousands of Chinese nationals have arrived in the past year, the result of Hong Kong  rolling out new visa rules aimed at luring talent in 2022.

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