A four-bedroom, two-bathroom penthouse in the planned Alma Square development sold for $4.1 million, according to PerthNow’s 10 August 2025 report. The report called it a new North Perth price record, comparing it with a $2.63 million house sale in May 2025. That is a reported apartment-sale milestone—not proof of the suburb’s current record across all property sales.
What sold for $4.1 million?
PerthNow reported that the transaction was for a four-bedroom, two-bathroom penthouse in Alma Square, a planned Celsius Developments project in North Perth. The article described the development as about 2 km from the city.
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The $4.1 million figure was the reported sale price. A separate penthouse in the development was being offered for $4.3 million, but an asking price is not a completed transaction and should not be treated as a higher sale.
How the reported record was calculated
PerthNow compared the penthouse sale with a $2.63 million North Perth house sale on Paddington Street in May 2025, describing the apartment result as 60 percent higher. The comparison is the newspaper’s account of the suburb record at the time of publication; it does not establish a current record or an independently verified ranking.
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It is also a comparison between different property types: a penthouse apartment and a house. The reported result is notable as an apartment sale, but it does not mean that every North Perth property type shares the same price benchmark.
What else PerthNow reported about Alma Square
The same August 2025 article said 45 of the development’s 108 apartments had sold. It reported a 17.6 percent year-on-year rise in North Perth prices and a $1.5 million median sale price. Those figures are the article’s snapshot, not independently confirmed current market statistics.
PerthNow described the project as including a pool and gym and cited 5-star Green Star and 7.2-star NatHERS ratings. The article also reported a city-view claim from Richard Pappas, speaking for Celsius Developments, who said: “The view is square on to the city,” and said an advertising photograph had been taken from a cherry picker on the sixth floor. That image does not establish that every apartment has the same view.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Completion timing remains a forecast
PerthNow reported an expected completion in early 2028. That was the forecast published in August 2025; it does not confirm the development’s current construction progress or whether the timetable has changed.
How to read the headline figures
- $4.1 million: the sale price PerthNow reported for the Alma Square penthouse.
- $2.63 million: the earlier North Perth house sale used in PerthNow’s comparison.
- $4.3 million: the asking price PerthNow reported for a different penthouse, not a sale result.
All transaction, market, project-feature and timing details above are attributed to Kim Macdonald’s PerthNow report of 10 August 2025. No original transaction record, primary market-data release or current developer update is established here.
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