Summit & Ridge launch achieves $46.5m in sales within hours

Award-winning Japanese developer Sekisui House Australia officially launched Stage 4 of their Sanctuary riverfront masterplanned community, Summit & Ridge. Within three hours of the launch event, 42 apartments were sold, valued at $46.5 million with an average price of $1.107 million.

More than 80% of these purchasers were owner occupiers, underlining the strong demand from buyers looking to live within this riverfront masterplanned community.

“The fact that sales were achieved so quickly shows the strength of demand for quality, well-designed apartments in Sydney,” said Matthew Landa, Sekisui House Australia’s senior sales executive – apartments & mixed-use developments.

“Owner occupiers in particular see the long-term value of being part of a masterplanned community delivered by Sekisui House Australia, and that trust has been a major driver behind this success.”

The launch drew interest from local buyers within a 5km radius, as well as repeat purchasers from previous Sanctuary stages, with 15% of buyers upgrading their property portfolio through Sekisui House Australia’s Rewards Program. Purchasers also came from the Lower North Shore, Oatlands, and the Inner West, highlighting the project’s broad market appeal.

“Buyers appreciated the larger layouts in this stage and the sense of space Summit & Ridge offers,” added Matthew.

“The combination of generous apartments, exclusive amenities, and unique position on the Parramatta River peninsula helped with sales.

“Many told us they could picture themselves living here; it is a place that feels established, green, and connected, yet private.”

Sales momentum was further supported by the current downward trend in interest rates, creating favourable conditions for buyers.

A buyer’s testimony

For engineer and investor Jason F., who purchased a one-bedroom apartment in Summit & Ridge, it was all about the location and capital growth potential.

“I like the Wentworth Point area, which is experiencing exponential growth,” Jason said.

“Summit & Ridge is the jewel in Sanctuary’s crown.

“It has everything I’m looking for in an investment property with direct access to the ferry terminal, views overlooking the water, connectivity to the future Metro station and Rhodes, as well as Marina Square Shopping Centre, all adding to its strong appeal to tenants.

“I have witnessed the changes in the suburb over the past few years and can see capital growth potential.”

Summit & Ridge

Comprising 488 apartments (with Summit spanning 39 storeys and Ridge 32 storeys), the first sales release focused exclusively on one- and two-bedroom residences, priced from $720,000 to $1.3 million.

The one-bedroom apartments were popular, with purchasers valuing their limited supply, pricing, and uninterrupted views across the Newington Nature Reserve, Parramatta River, and picturesque views across the Blue Mountains.

Summit & Ridge enjoys an enviable position on the Wentworth Point peninsula – the only built environment north of Hill Road, surrounded by water and a nature reserve. The project’s Neighbourhood Green, a 1.5-hectare landscaped parkland running through the heart of Sanctuary, will also open soon.

The towers by acclaimed architects TURNER are defined by organic, sculptural forms that frame views, guide movement, and enhance the connection between nature and the city. This is a design approach that ensures Summit & Ridge will become a striking architectural marker within Sydney’s skyline.

The interiors by Henderson & Co. were inspired by the “natural elegance” of Sanctuary’s landscape setting, with efficient Japanese design principles enhancing space and light throughout the homes.

Summit will feature resident-only amenities on level 29, including a resort-style pool and sauna, while Ridge offers an outdoor cinema, sunset bar, and dining space on level 23. At the base of Ridge, a 110-place childcare centre will further support growing families, reinforcing the masterplan’s focus on lifestyle and community.

Nearby amenities include Marina Square Shopping Centre, Wentworth Point High School, ferry terminal, train station, and the future Parramatta Light Rail.

Laguna & Glade’s (Stage 3 of Sanctuary) recent completion has further reinforced purchaser confidence, giving buyers a first-hand view of Sekisui House Australia’s build quality and design execution.

With every apartment in Summit & Ridge designed to carry a 4 Gold Star iCIRT rating – an independent NSW Government-backed accreditation for integrity, capability, and financial stability, buyers are given further confidence that they are investing in a home built to last.

Summit & Ridge’s three- and four-bedroom apartments will be released at future launches. Construction is anticipated to commence in Q4 2025 and completed by Q3 2028.

For more off-the-plan apartments and market insights, click here.