MELBOURNE, AUSTRALIA

Market Square 82% Sold Ahead of Display Suite Opening

Sal Quah,

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15th November 2021

Demand soars for premium boutique residences at Adelaide’s Market Square, with a staggering 82% of available stock sold to waitlist prior to public release, making it the fastest-selling residential project of this size in Adelaide. Among the 210 luxury residences is South Australia’s most opulent penthouse, a $10 million statement home spanning the top floor of the 37-storey residential tower, offering over 935 square metres of sky living with sweeping panoramic views of Adelaide’s entire CBD and beyond, and seamless connectivity to the globally iconic Adelaide Central Market. The custom-built Market Square Display opens today for the first time for private bookings.

“We have been completely overwhelmed by the unprecedented pace of sales, “ said ICD Property Managing Director Matt Khoo. ”Even in a rising property market, this kind of demand is unheard of, with a majority taken up by owner occupiers.” The prestigious Skyline penthouse is the most expensive in Adelaide’s CBD, almost doubling the second in line, a Realm penthouse sold last year for over $5 million.

The full-floor penthouse is customisable, offering up to 4 bedrooms, 3 bathrooms, and nearly 300 square metres of outdoor living space perched above the heart of the city’s most vibrant precinct. Designed by world-renowned architect Woods Bagot, Market Square showcases design inspiration from the world’s most soulful cities, taking cues from London’s Coal Drops Yard, Barcelona’s Santa Caterina Market and New York’s Seaport District.

“The Skyline penthouses are set to be absolute game changers for Adelaide,” said Khoo. “Not many homes in the world can boast soaring views to the sea and the hills, while still being at the centre of the city’s cultural hub. The penthouse is a world-class luxury property offering that is elevating the South Australian market in line with its new standing as third most liveable city in the world.”

“The residences at Market Square will be finely crafted homes maximizing views and natural daylight,” said Woods Bagot Associate Principal Alex Hall. “The emphasis on high quality living matches one of the city’s most enviable locations and is positioned globally as a benchmark for luxury living.”

Market Square residents will benefit from unmatched amenity providing the equivalent of an upscale international hotel lifestyle, including exclusive access to a residents lobby bar, health and wellbeing zone, library, cinema, outdoor kitchen and private dining room, and seamless access to Adelaide’s Central Market. A car wash & EV charging, cool room and parcel storage, dog wash and on-site childcare centre are other resident amenities.

A digital concierge will further enhance the building’s unrivalled lifestyle, offering everyday conveniences like booking dry cleaning or yoga, and access to a handpicked lifestyle team: a nutritionist who can create daily meal plans utilising the freshest ingredients from the Central Market, a sommelier who will offer exclusive tastings, and a resident doctor.

A bespoke pendant light – a limited edition object not for sale to the public – has been created by JamFactory Craftsman and Head of Furniture Andrew Carvolth for the Skyline residences, and will be available exclusively as an upgrade for Market Square buyers. In addition, Market Square residents will benefit from bespoke partnerships with other top cultural organisations – the Adelaide Film Festival and the Art Gallery of South Australia will bring exclusive opportunities to residents.

“Market Square will inject enormous value into the property market, further extending Adelaide’s appeal and cementing our place as a national and global leader,” said Lord Mayor Sandy Verschoor. “We are so excited to see this project thrive.” “At a state level, it is projects like Market Square that set the stage for the growth of South Australia,” said The Hon Steven Marshall MP, Premier of South Australia. “We are going from strength to strength, with continued investment that is improving quality of life for our residents, and national profile for our state.” Market Square has quickly established itself as one of the fastest-selling residential projects in South Australia, with a majority of purchasers owner occupiers. The residential tower includes
212 residences across four vertical neighbourhoods from levels 16-37 of Market Square’s residential tower. The penthouse is part of the Skyline neighbourhood, which occupies levels 33 – 37, and also boasts two prestigious 465 square metre sub-penthouses (3 bedroom) with generous outdoor spaces on level 36, and a small collection of aspirational 2 and 3 bedroom residences across levels 33 – 35 starting. The penthouse collection is available from $5.2 million for the sub-penthouses up to $10 million for the full floor residence. With the Display opening for the first time today on Victoria Square, interested buyers will now be able to explore Market Square Residences by private appointment only, bookable at www.marketsquareadelaide.com.au.

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