Magnificent Jewel already turns heads
THE Gold Coast’s latest landmark won’t be complete for another two years, but already the $1 billion Jewel development has become a must-see attraction.
Tourists and bystanders awe-struck by the massive project have been known to walk into each other when they stop to take photographs.
The three luxury towers currently sit at five, eight and four levels with construction running to schedule, according to developer Wanda Ridong Group.
Concrete has been flowing into the development for the past 13 months, with 56,480 cubic metres poured into the site.
The basements are now complete, with scaffolding due to be stripped off in coming days.
Most of the development’s podiums have been put in place and in the next two months windows will bring the towers to shimmering light.
Set to be completed by mid-2019, the development sets a new pricing benchmark with sales as high as $4 million for a three-bedroom apartment.
The triple-tower resort is launching its third tower, the Diamond collection, to the market next month.
The sale launch comes as Kollosche Prestige Agents are given the job of marketing the multi-million dollar apartments on the Gold Coast.
Prices for three-bedroom
apartments in tower three start from $3.982 million while two-bedroom apartments start from $2.575 million.
Sotheby’s Managing Director Patrick Pancur, who is marketing the development overseas, said Jewel was a big hit in New Zealand.
“We took the campaign to New Zealand and now we are going back for seconds, we had eight interested buyers just from Auckland alone,” he said.
“The New Zealand economy is also doing well and these buyers won’t need FIRB approval, which adds to the interest we are getting from them.
“There is such a huge shift in the market from downsizers and investors to owner occupiers and people who want to buy a luxury property to keep.”
Mr Pancur said that a large international superfund snapped up a majority of the apartments in tower two.
“There is more of a focus to sell tower one and three, this is because tower two has had a large portion of it already sold,” he said.
“70 per cent of apartments have sold in tower one.”
Jewel is at the corner Wharf Rd and Old Burleigh Rd.