Prime Properties Group
Sublime living - July 2022

Sonnberg Suites defined new market standards

As a result of our property sourcing capabilities, the relentless efforts of our group-internal architecture and design practice, and effective collaboration with excellent project partners, we managed to set new standards in the Kirchberg real estate market:

Sonnberg Suites - Living Space - Prime Properties Group

Sonnberg Suites - Living Space

- Five of our six units in this home development project are positioned among the top 10 transactions in Kirchberg concerning absolute sales prices, including the highest and second-highest price ever achieved for an apartment/penthouse in this market.

Rank

Seller

Year

Type

Price

Price per sqm

1

Prime Properties

2021

Penthouse

5.350.000 EUR

25.639 EUR

2

Prime Properties

2021

Penthouse

4.900.000 EUR

25.925 EUR

3

Other seller

2020

Apartment

4.800.000 EUR

15.919 EUR

4

Prime Properties

2022

Apartment

4.800.000 EUR

24.947 EUR

5

Other seller

2022

Apartment

4.775.000 EUR

25.837 EUR

6

Other seller

2020

Penthouse

4.560.000 EUR

15.925 EUR

7

Other seller

2020

Apartment

4.350.00 EUR

15.861 EUR

8

Other seller

2021

Apartment

4.196.584 EUR

n/a

9

Prime Properties

2022

Apartment

4.000.000 EUR

20.952 EUR

10

Prime Properties

2022

Apartment

3.950.000 EUR

22.534 EUR

Top 10 transaction - Kirchberg

-  Sonnberg Suites' average price per sqm living space more than doubled the average price per sqm in the luxury segment (defined as property sales with prices above 2 million EUR) and surpassed the average price per sqm of the top 10 transactions (excl. Sonnberg Suites’ sales) by 59%.

Price per sqm - Living space - Kirchberg - Prime Properties Group

Price per sqm - Living space - Kirchberg

- To highlight the project’s success, three out of six units were sold before the full completion of the premises. In addition, the two penthouses were sold before completion, and both apartments reached record prices – in absolute value as well as in price per sqm. The remaining units were sold within three months after completion.

Sonnberg Suites - luxury real estate - Austria - Prime Properties Group
Sonnberg Suites - luxury real estate - Austria - Prime Properties Group
Sonnberg Suites - luxury real estate - Austria - Prime Properties Group
Sonnberg Suites - luxury real estate - Austria - Prime Properties Group

Find out more

To find out more about Sonnberg Suites  -  Click here

In case you would like to learn more about your dream home and dedicate our experience and expertise to creating truly bespoke vacation homes to accompany you along this journey -   Click here

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