Queensland penthouse sells off-the-plan for eye-watering sum

A penthouse on the Gold Coast has been sold for almost $20 million while the building is still under construction.

The $19,568,000 sale price is the highest off-the-plan apartment sale price in Surfers Paradise.

Almost 90 per cent of apartments in the Royale building have been sold with completion scheduled for mid next year.

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Factors contributing to the appeal of the development include its location and design.

Marketing agent Adrian Parsons from Royale Gold Coast said the building's orientation was a standout feature of its design.

"It was designed so every apartment had a perfect northerly aspect," he said.

The penthouse has four bedrooms, four parking spaces and 360 degree views.

This article was produced with the assistance of 9ExPress.