$ 250m splurge on units

The Sunday Telegraph (Sydney) - - NEWS - STEPHEN NI­CHOLLS

MORE than $250 mil­lion worth of lux­ury units were sold off the plan in the in­ner city yes­ter­day.

The units were in the 26-storey King and Phillip apart­ment de­vel­op­ment and the sales rep­re­sented 80 per cent of the build­ing.

De­vel­oper Galileo Group is build­ing 104 apart­ments, de­signed by FJMT ar­chi­tects. A sub­pent­house sold for $10.1 mil­lion, with a range of two-bed­ders sell­ing for be­tween $3 mil­lion and $4 mil­lion.

The three-bed­room apart­ments sold for be­tween $5m and $6.5m. The pent­houses are yet to be of­fered. The build­ing’s prox­im­ity to Hyde Park was the ma­jor draw­card.

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