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News.com.au
29-05-2025
- Business
- News.com.au
The Rocks Sirius penthouse for sale for $45m to $50m
Iconic for its landmark location and brutalist architecture, Sirius, made headlines after being transformed from a government housing estate into a $585m 76-unit luxury apartment project with arguably the best view in Sydney. The crowning penthouse made an appearance last year with $45m to $50m price hopes, but never found its deep-pocketed buyer. It has now resurfaced with a similar asking price, a new agent, and a revitalised interior offering. 'We've invigorated the apartment with new furniture, artwork, and added some extra luxury items,' said Steven Chen of The Agency, who has co-listed the penthouse with colleague Luke Hayes. The pair have a handful more to sell in the building. The penthouse's owner has been reported as former Macquarie banker Jean-Dominique Hugh of developer JDH Capital, which brought the building back in 2019 from the State Government for $150m. It had been an in-house off-the-plan deal for a rumoured $35m. More than a simple reshuffle of staged furniture, the sky-high home comes with an updated $500,000 furniture package including soft furnishings, art and designer clothing curated by Jack Freeman of Cohen Freeman. The home's interiors were crafted by London-based guru, Kelly Hoppen. 'It's never been lived in and comes fully turnkey, with about half a million dollars worth of bespoke brand new furniture and hand-picked artwork. So it's a very elevated, world class level of finish,' Chen said. While the inside of the 430sq m four-bedroom, five-bathroom penthouse is impressive, the enviable view is the home's wow factor, according to Chen. 'You can look at the beautiful photos, but when you're actually there you realise that Sydney Harbour is such an incredible world stage. It's probably the closest point you'll get in a new building with the Harbour Bridge and Opera House right in front of you. The view is absolutely stunning. Especially at the moment with all the lights from Vivid,' he said. 'In my job I see Sydney Harbour every day, but this is just spectacular from its unique vantage point.' Despite the apartment not securing a buyer in 2024, Chen said the moment is right for the prestige penthouse. 'It's the perfect timing for a relaunch. The holidays have passed and the election has finished. 'We're seeing a lot of interstate clients looking for turnkey lock up and leave homes. 'There's interest from Melbourne, Adelaide and Brisbane. Even international permanent residency clients have resurfaced in a big way since we launched a week ago.' The Sirius penthouse at 38 Cumberland St features 40sq m of outdoor entertaining space including a private pool, a custom-made kitchen with hand-selected joinery and marble, as well as Wolf and Sub-Zero appliances, ensuites to all four bedrooms, plus a primary suite with its own lounge room, study, steam shower bathroom and walk-in wardrobe. There are also two living rooms, an internal elevator, custom stucco walls, a private entry lobby, two separate entry doors, and secure parking for three cars. Sirius has a 24/7 concierge service, a five-star gym, heated swimming pool and sauna, a sophisticated residents' lounge and meeting room.
AU Financial Review
19-05-2025
- Business
- AU Financial Review
Luxury developer behind Sirius rebuild overwhelmed by debts
The family of a billionaire Chinese businessman is pushing for the developer behind the infamous Sirius building be wound up, putting the company run by former Macquarie banker Jean-Dominique Huynh on the brink of collapse at the same time as its other big projects are seized by lenders. Huynh's JDH Capital is the developer behind the redevelopment of Sirius, built in 1980 beside the Sydney Harbour Bridge for public housing but sold off in 2018 for conversion into luxury apartments.
