Buyers finally move into record breaking Parnell Penthouse

But 2018’s $9.25m record price would be worth $12m today, agent says.

Another penthouse in the Edition also sold in 2018 for $8.5m, but Ross Hawkins, the listing agent for the developer, said both would be worth a lot more in today’s market.

“The resale value of those two would be $12m today,” Hawkins said. He is now selling the last five units in the block and bringing a sixth unit to auction as a resale.

Since the 2018, luxury apartments in Auckland have been easily fetching eight-figure prices. The 535sqm penthouse of The Elm in Remuera sold for $16.5m in August last year, while a penthouse in the Seascape, in the CBD, is under contract for $18.3m.

An Auckland apartment that broke sale price records five years ago, when it sold off the plan for $9.25 million, is finally ready for its new owners to move in.

The 337sqm four-bedroom penthouse, which was snapped up by local buyers in 2018, comes with six stacked carparks, a media room, two lifts, a scullery and winter garden.

Developers LEP Construction have been busy putting the finishing touches to the Edition, a 19-unit luxury apartment block on Churton Street, in Parnell, with owners now taking possession of their flash new homes.

The Edition's $9.25m penthouse sale in 2018 eclipsed a $8.7m apartment sale record set the year before for a plush suite on Remuera Road, in Remuera.

2 Churton Street, Parnell

A timeless elegant award-winning boutique development designed by Monk McKenzie in collaboration with Bureaux.

RecentlycompletedinaprimeParnell positionoverlookingtheinnerharbour to North Head and Rangitoto, this spectacular building has set a new benchmark in high-quality contemporaryluxuryliving.

With 6 unique spacious light-filled designs available, this is a rare opportunitytobeapartofEDITION.

The larger apartments can easily replace the family home and deliver you a new way of living freeing up valuable time for the good things in life.Ifit'sasmalleroptionyouneedas a downsize or lock and leave there is thatoptionavailablealso.