Gone in Four Hours: Lendlease Sells All 391 Sydney Homes
- More than 400 buyers turned up from early in the morning
- Sydney home prices up 3.4 percent in first 27 days of May
The Sydney Harbor Bridge stands in Sydney, Australia.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
All 391 apartments offered by Lendlease Group at a project in Sydney were snapped up in just four hours on Saturday, indicating demand for inner-city homes remains buoyant despite looming oversupply.
More than 400 potential buyers turned up from 8 a.m. in Darling Square, a development on the western edge of Sydney’s central business district, for the apartments that were priced from A$630,000 ($452,000) for a studio to A$3.5 million for a three-bedroom penthouse, Sydney-based Lendlease said in an e-mailed statement.