Pre-sale and construction funding targets met for Subiaco project
CONSTRUCTION will commence on Edge Visionary Living’s Botanical apartments in Subiaco, with the project achieving its pre-sale target and construction funding within six month of its launch.
Managing director Gavin Hawkins said it was a rare highlight for the Perth residential property market and buyer sentiment at the upper mid and top end of the market appeared relatively strong, with decent demand from retirees and empty nesters looking for the convenience and lifestyle offered by apartment living.
However, the market was very discerning and projects needed to have a premium location, great design, internal and external space and a unique offering.
“The popularity of (this) project with owner-occupiers can be attributed to its superb parkland setting, bespoke design quality and high level of resident amenities,” Mr Hawkins said.
“Connecting the vibrancy of a premier inner-city location with the tranquility of a stunning parkland setting, Botanical embraces modern architecture, natural light, luxurious finishes, premium specifications and nature to provide an enviable resort-style lifestyle.”
Of the 74 apartment, 47 have sold, representing about $45 million of sales.
Jaxon Construction has been appointed and work will commence in coming weeks.
For more information, go to botanicalsubiaco.com.au. ■
Botanical apartments in Subiaco.