RISING TOWERS OF STRENGTH
Local downsizers and first-home buyers are tapping into luxury development Brisbane 1 in South Brisbane, with construction on the first of three towers under way.
Developer R& F Property Australia is reporting 90 per cent of sales to buyers in the greater Brisbane region, mainly downsizers and first homebuyers.
R& F Property Australia vice president Thomas Chiu welcomed the start of construction, with expected completion in mid2019.
“The project site of Brisbane 1 on Cordelia St yields a lot of promise for R& F, for buyers and for the South Brisbane community,” Mr Chiu said.
“Our vision is to shape the future of urbanisation for a growing population, ensuring that it is sustainable, attractive and eco-friendly – Brisbane 1 is the realisation of this vision.”
Tower two will be completed later in 2019 and tower three is slated for completion in early 2020.
The three towers will be the tallest in South Brisbane, dominating the southern bank of the Brisbane River and its skyline and offering uninterrupted views towards the Brisbane River and CBD.
The first tower is 65 per cent sold, with around 250 apartments going in a record offthe-plan sale.
The second tower of 98 apartments has almost sold out at 85 per cent in sales and third tower sales are also going well with 66 per cent sold to mainly local buyers.
Brisbane 1 offers amazing views, prime location directly above the South Bank cultural precinct and parklands and flanked by South Brisbane, West End and the CBD.
The remaining properties start at onebedroom apartments for $473,999, twobedroom for $619,905 and three-bedroom for $850,099.
Designed by renowned architects, Bureau Proberts, the high-end residences have 2000sq m of private residential amenity spaces, one of the largest in a single residential complex in Queensland.
Amenities include a lagoon-style pool and sundeck, gymnasium and barbecue area.
At the top of each of the three towers is a stimulating garden, spa and private rooms.
The interiors of the apartments and luxury penthouses include engineered timber flooring and stone kitchen benchtops, with expansive glass and neutral colour palettes.
As buyers snap up the remaining residences, the project’s success has ensured further investment in Brisbane from global developers R& F Property Australia.
“We look forward to strong relationships with new world cities, such as Brisbane, into the future,” Mr Chiu said.
Brisbane 1 in South Brisbane has construction well underway with 90 per cent of sales to buyers in the greater Brisbane region.