Buy­ers snap up luxe units

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

Weekend Gold Coast Bulletin - Property - - DEVELOPMENT - WORDS JES­SICA BROWN

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.