The Gold Coast glit­ter strip has long been the ter­ri­tory for tourists, but now sub­ur­ban down­siz­ers are mov­ing in, look­ing for their slice of par­adise.

At Mer­maid Beach, Pin­dan Group’s lux­ury apart­ment project Ma­hala was of­fi­cially launched to the mar­ket to­day, but has al­ready turned heads, de­spite early works on con­struc­tion hav­ing only just started.

Col­liers In­ter­na­tional res­i­den­tial di­rec­tor An­drew Roubicek said most of the po­ten­tial buy­ers were lo­cals look­ing to down­size on prop­erty, but su­per-size on lux­ury.

“We re­ceived in ex­cess of 300 in­quiries (ahead of the launch) for Ma­hala’s 94 two, three and four-bed­room large owner oc­cu­pier­style apart­ments, with in­ter­est pre­dom­i­nantly stem­ming from res­i­dents in sur­round­ing sub­urbs,” Mr Roubicek said.

“Ma­hala’s po­si­tion over­look­ing Hedges Ave has strong ap­peal to pur­chasers.

“It gives them the op­por­tu­nity to live along­side the Gold Coast’s Mil­lion­aire’s Row.”

Mr Roubicek said a ma­jor driver of in­ter­est was Ma­hala’s prox­im­ity to the light rail ser­vice, Pa­cific Fair and the lo­cal din­ing precincts.

Res­i­dents of the new high­rise would also ben­e­fit from a rooftop so­lar farm to help lower en­ergy bills. Apart­ments in­clude two park­ing bays and shared en­ter­tain­ment spa­ces with a pool, bar­be­cues and pri­vate din­ing room.

Pin­dan di­rec­tor of de­vel­op­ment man­age­ment Nick Allingame said the de­vel­op­ment tai­lored it­self to the sur­round­ing beach­side sub­urb.

“Mer­maid Beach has al­ways been re­garded as an ex­clu­sive res­i­den­tial en­clave as op­posed to a hol­i­day hotspot, so Ma­hala has been de­signed to cater to owner oc­cu­piers,” he said.

Pin­dan Group’s lux­ury apart­ment project Ma­hala was of­fi­cially launched to the mar­ket to­day. In­ter­est has been high from buy­ers keen to down­size.

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