Buyers snap up luxe units

New oceanfront project Siarn Palm Beach is captivating the luxury apartment market

MORE than a quarter of the luxury apartments in one of Palm Beach’s newest developments have sold less two weeks after the project hit the market.

During its pre-launch phase, which kicked off on November 1, five of the 16 apartments in the nine-storey Siarn Palm Beach North earmarked for 460 The Esplanade have sold.

Kollosche New Projects managing director Michael Kollosche, who is marketing the project with agent Jamie-Lee Edwards, said the luxury beachfront residences were attracting a range of Gold Coast buyers, including retirees and locals wanting to downsize.

“Typically we’re finding that they are people from Melbourne, Brisbane and Sydney wanting second homes,” he said.

“There has also been a couple of executive couples wanting to secure something close to the beach.” Cru Collective is developing the $40 million project. It will have two 231sq m apartments on each floor, each of which will have three ensuited bedrooms, state-of-the-art appliances, stone surfaces, video security access and the option of a wine cellar.

It will also have a podium floor with an oceanfront pool, pedestrian beach access, outdoor shower, lounging terrace, fitness centre, barbecue area and infra-red sauna.

The building was designed by architects BDA to express individuality to each apartment.

The remaining apartments range from $1.995 million to $2.045 million.

The existing building on the site is expected to be demolished in February, 2019.

Construction is expected to be finished by March, 2020.