Renowned Melbourne-based developer <a href="/developers/hirsch-faigen">Hirsch &amp; Faigen</a> has unveiled one of the most exclusive penthouse offerings ever released on the southern Gold Coast, part of the completion of its $75 million apartment development,&nbsp;<a href="/buildings/emerson-kirra-100-musgrave-street-coolangatta">Emerson Kirra</a>.

With nearly 20 metres of north-facing glass frontage and spanning over 500 sqm, the four-bedroom residence offers open-plan living and dining areas designed to take advantage of the panoramic 270-degree views over the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>,&nbsp;

The penthouse includes a butler’s pantry with living areas supplemented by a designated master wing with a fully equipped dedicated private office, additional multi-purpose room and kitchenette. Each of the four bedrooms features an ensuite.

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Emerson Penthouse boasts a prime location opposite Kirra Beach Hotel, offering first-class hospitality in the vibrant hub of the Southern Gold Coast.

The crown jewel of Emerson is primed for immediate occupancy, positioning the penthouse among a rare breed of new residential offerings on the Gold Coast where buyers have been seeking greater certainty in relation to project completion before committing to a purchase.

With an asking price in excess of $10 million, Emerson joins the rarefied air of being one of only a handful of such ultra-luxury offerings on the southern Gold Coast.

[smartcode_project:default project_id=106646 project_image_fid=278790]

Hirsch &amp; Faigen Sales and Marketing Director, Matt George, says Emerson presents a rare opportunity on the east coast.

&nbsp;

"In reality, there are only a handful of key prestige north-facing beaches on Australia’s eastern seaboard - <a href="/new-apartments/kirra-qld-4225">Kirra</a>, <a href="/new-apartments/noosa-qld">Noosa</a> and Byron Bay – that take advantage of such a position and Emerson is one of the most exclusive and unique opportunities in any of these locations,” George said.

“Hirsch and Faigen have taken advantage of this outlook by creating large but functional and opulent spaces from which to maximise the extraordinary view corridors that this project offers”.&nbsp;

[smartcode_project:default project_id=106646 project_image_fid=278797]

Daniel Faigen, Director of Hirsch &amp; Faigen said they have left the best for last at Emerson, following an extremely successful campaign in which the remainder of the project has sold out.

"We are proud to unveil what we believe to be one of the finest properties on the Gold Coast," Faigen said.

“The Emerson Penthouse offers a lifestyle of exclusivity that truly sets it apart as a standout offering in the market”.&nbsp;

&nbsp;

Designed by Queensland’s leading architecture firm Rothelowman, the penthouse seamlessly merges classic beachside aesthetics with modern functionality, tailored for contemporary Kirra living.&nbsp;

Featuring ceilings soaring over three-meters and expansive wall-length windows framing cinematic views of Kirra, the penthouse offers endless opportunities for residents to immerse themselves in its stunning surroundings from a secluded, elevated retreat.

[smartcode_project:default project_id=106646 project_image_fid=278796]

Rothelowman Principal Architect Jeff Brown said they have curated&nbsp;an oasis at Emerson Kirra.

“In designing the Emerson Kirra penthouse, we sought to create more than just a residence. Every element is thoughtfully designed to evoke a sense of awe and connection, inviting residents to savour each moment amidst Kirra's panoramic vistas”.&nbsp;

&nbsp;

Nestled within tropical landscaping, a north-facing outdoor sun lounge overlooks a resort-style pool offering, accompanied by world-class amenities, including the sun lounge and pool deck, designed to create a beachside connection for residents throughout the building.

[smartcode_project:default project_id=106646 project_image_fid=278794]

Upon arrival, residents are welcomed into a bespoke central foyer extending from the lobby and serving as an extension of owners' homes.&nbsp;

Featuring a private 'work-life' lounge, this space boasts quiet, private alcoves, open table workspaces, comfortable loungers, and ample seating, perfect for conducting meetings, unwinding with a novel, or socialising with friends and colleagues.

The Emerson Penthouse offers its residents parking for up to four cars, along with designated storage space, a luxury tailored for the most discerning buyers.&nbsp;

&nbsp;

[smartcode_project_cta:default project_id=106646]

Rothelowman Principal Architect Jeff Brown said they have curated an oasis at Emerson Kirra

Joel Robinson

Hirsch & Faigen unveil $10 million penthouse atop Emerson Kirra

The average price for new apartments sold on the Gold Coast has risen more than $500,000 in the past six months as sustained demand and dwindling supply combined with a sharp rise in interstate investor activity and construction costs continue to impact property values.

The <a href="/architects/urbis">Urbis</a> Apartment Market Essentials report for the March quarter has revealed that new apartment sales achieved a weighted average sale price of $1.73 million, the highest since Urbis began monitoring the new apartment market in 2014.&nbsp;

This is up from $1.67 million in the December quarter, and $1.13 million in September quarter.

[smartcode_project:default project_id=112024 project_image_fid=241133]

The <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter, which Urbis director Paul Riga says highlights the consistency of demand.

“Price growth has been a key feature of the latest data along with a strong resurgence of investor activity,” Riga said.

“Interstate investors in the latest quarter have overtaken owner-occupiers at the rate of 38 per cent versus 29 per cent of total sales. Local investors accounted for 20% of sales and overseas buyers 13%.&nbsp;

“This is a significant shift from the trend of recent years when we saw an all-time high of 65 per cent owner-occupier sales in 2020 during the peak of the pandemic.&nbsp;

“While the owner-occupier market remains strong, the latest quarter possibly signals a return to long-term trends as prior to 2016 owner occupiers accounted for 30 per cent of sales.”

[smartcode_project:default project_id=102340 project_image_fid=273593]

Urbis data shows that 59 per cent of sales comprised two-bedroom, two-bathroom apartments, which is typically favoured by investors, while 29 per cent of sales were three-bedroom apartments.

“The low level of new supply coming to the market is keeping conditions tight, with only two new projects yielding a total of 112 apartments launched on the Gold Coast during the first quarter of 2024.”

Urbis has again reiterated that the broader Gold Coast market remains undersupplied, with just 1,396 apartments remaining for sale which is the lowest since the end of 2022.

Nearly all of the sales in the March quarter were made in the traditional Surfers Paradise-Broadbeach precinct, with the main contributors being <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a>, <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> and <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>.

“That’s understandable as 92 per cent of the remaining supply is located in the Gold Coast Central Precinct,” Riga added.

“All other precincts on the Coast remain in undersupply.”

[smartcode_project:default project_id=107928 project_image_fid=234098]

Of the 240 total sales recorded during the quarter, 229 were located in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>, <a href="/developments/chevron-island-qld-4217">Chevron Island</a>, <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, and <a href="/developments/main-beach-qld-4217">Main Beach</a>.

“The Central Precinct is heading back to its roots with current and future projects moving to higher density and multiple-tower projects post-pandemic.

“Looking ahead, the majority of apartments in future supply are also located in the precinct so the strong sales rates should continue.”

[smartcode_project:default project_id=108641 project_image_fid=192961]

The heightened buyer activity in the Gold Coast Central Precinct led to a weighted average sale price of $1.7 million during the first three months of this year which is also the highest since Urbis began monitoring the new apartment market a decade ago.

Almost all of the sales across the Gold Coast, or 91 per cent of them, during the quarter were priced at more than $1 million, while the remaining nine per cent were priced from $600,000 to $999,999.

The Gold Coast recorded 240 new apartment sales in the three months to the end of March, on par with the 236 sales in the previous quarter

New Gold Coast apartment prices surge $500,000 in six months as investors return

Developed by Urban is well on its way to delivering one of the most unique residential developments Burnley has ever seen.

Construction has well and truly kicked off at Burnley Maltings, a redevelopment of the heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

With everything going on at Burnley Maltings, we took a trip down to the display suite, located in the building's original caretaker's residence.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/opcEFkIcS2Q?si=_a3-kftcGptoVT05" title="YouTube video player" width="560"></iframe>

The townhouses at&nbsp;<a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a>, on the border of <a href="/developments/richmond-vic-3121?sort=">Richmond</a>, cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action. The Gibdon Street development sits in close proximity to <a href="/new-townhouses/burnley-vic-3121">Burnley</a> Station, several parks with signiificant gardens, and Burnley's 18-hole golf course, which is currently being redesigned.

<a href="/news/vic/from-garden-suburb-to-commercial-hub-burnleys-next-phase-of-transformation">Read more:&nbsp;From garden suburb to commercial hub: Burnley's next phase of transformation</a>

[smartcode_project:default project_id=14401 project_image_fid=264095]

The townhouses will sit in landscaping by prominent landscaper Jack Merlo.

Burnley Maltings is on track to be completed in late 2025.

Read more:&nbsp;<a href="/news/vic/why-downsizers-are-flocking-to-burnley-maltings">Why downsizers are flocking to Burnley Maltings</a>

[smartcode_project_cta:default project_id=14401]

So far, Burnley Maltings has proven popular with downsizers from Melbourne's eastern suburbs, those who want to be closer to the action

Inside Burnley Maltings: Urban's display suite tour of Burnley's most exciting new townhouse development

Prominent developer&nbsp;<a href="/developers/deicorp">Deicorp</a> has secured planning approval for its first ever Rhodes apartment development.

They've been given the go ahead to developer&nbsp;<a href="/new-apartments/marquet-mary-rhodes-1-9-marquet-street-rhodes-nsw-2138">Marquet &amp; Mary</a>, a 32-level mixed-use tower in the heart of Rhodes designed by Fender Katsilidis.

The design for the $435 million project, which was selected by an expert design jury last year, has been approved by the <a href="/new-apartments/sydney-nsw">Sydney</a> Eastern City Planning Panel.&nbsp;

Above a four-level podium, that will home retail and commercial spaces,&nbsp;a community rooftop terrace and garden, and a residential courtyard, will be 214 one, two and three-bedroom apartments, a community rooftop terrace and garden,&nbsp;

Deicorp’s Chairman, Fouad Deiri OAM, said the landmark&nbsp;building will bring much-needed new homes to the heart of Rhodes.

“Designed by one of Australia’s leading design practices, <a href="/architects/fk-australia">FK</a>, Marquet &amp; Mary delivers on Deicorp’s business values of strong design and high-quality amenities,” Deiri said.&nbsp;

<img alt="FK designed Marquet &amp; Mary tower in Rhodes" data-entity-type="file" data-entity-uuid="34c90f90-7488-40be-bf75-80daa4822e63" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/FKMED_22228_N15_M%26M.jpg?VersionId=67Xp2pkr17BJBVAux92vq1f00n0gQkq5" />

FK Partner Craig Baudin said Canada Bay City Council's swift approval of the development application underscores the recognition that this project goes beyond simply providing much-needed housing.

"It also completes a crucial missing piece in the precinct - the revitalisation of an underutilised low-rise lot," Baudin said.

"With this momentum, the DA approval paves the way for delivering a transformative project for Rhodes."

Positioned strategically at the corner of Marquet and Mary streets, the&nbsp;<a href="/developments/rhodes-nsw-2138">Rhodes</a> peninsula is home to an established precinct of shopping, dining, leisure and transport - including the nearby Rhodes train station.

Recognised by an independent judging panel when awarding FK the project following a design excellence competition in 2023, FK’s design was praised for the provision of a public plaza at the southern entrance and the fine-grain design of the ground plane.&nbsp;

The mixed-use precinct will create new laneways and foster greater connectivity throughout central Rhodes. A new public landscaped laneway, enlivened by active retail uses on the ground level, aims to connect the development to its surroundings.&nbsp;

“With ongoing pressures on the construction sector and a persistent housing shortage, we’re proud to be collaborating on this project with Deicorp to provide generous family residences with spectacular views, accessibility to transport links, and great amenities at a time of need in Sydney,” Baudin added.&nbsp;

[smartcode_project_cta:default project_id=141515]

Deicorp’s Chairman, Fouad Deiri OAM, said the landmark building will bring much-needed new homes to the heart of Rhodes.

Deicorp greenlit for Marquet & Mary tower in Rhodes

South East Queensland developer Mosaic Property Group has secured a prime site in Palm Beach.

The Brook Monahan-led, Brisbane-based developer who has developments from the Sunshine Coast to the Gold Coast, has grabbed a 1,615 sqm block at <a href="/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">1357 Gold Coast Highway</a>,&nbsp;toward the northern end of&nbsp;<a href="/developments/palm-beach-qld-4221">Palm Beach</a>.

The land was trading for the first time in nine decades and represents one of the last remaining sites of such scale in the area.

<a href="/developers/mosaic-property-group">Mosaic</a> is joining forces with architecture firm <a href="/architects/bureauproberts">bureau^proberts</a> for the third time to conceive a bespoke collection of house-sized residences and luxury amenity.

While the building is currently still undergoing detailed design, Mosaic is working within Palm Beach's height regulations. The project will be boutique in nature offering a collection of highly exclusive and large private beachfront residences.&nbsp;

Targeting swift progress, Mosaic endeavours to expedite the Code-Assessable Development Application and anticipates an exclusive unveiling to registered VIPs later this year. Construction, facilitated by Mosaic's in-house building arm, is slated to get underway in early 2025.&nbsp;

<img alt="Mosaic" data-entity-type="file" data-entity-uuid="65f795d0-ad1d-4266-a51e-4ccdbd828eb3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-30%20at%2010.13.44%20am.png?VersionId=BlQQNBbG4Lyypyi3.AtfMwmo0z0yaYNC" />

The prolific developer has built a significant footprint on the Gold Coast, with six premium addresses completed in the past three years alone. Its latest achievements include <a href="/new-apartments/dawn-by-mosaic-15-peerless-avenue-mermaid-beach">Dawn by Mosaic</a> in <a href="/new-apartments/mermaid-beach-qld-4218">Mermaid Beach</a>, <a href="/buildings/bianca-by-mosaic-1-surf-street-bilinga-qld-4225">Bianca by Mosaic</a> in <a href="/new-apartments/bilinga-qld-4225">Bilinga</a>, and <a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225">Luca by Mosaic</a> in <a href="/new-apartments/kirra-qld-4225">Kirra</a>, all having wrapped up between late 2023 and early 2024.&nbsp;

Currently, the company is actively constructing a further five all-but sold-out luxury multi-residential projects on the Gold Coast through its own building arm, <a href="/builders/mosaic-construction">Mosaic Construction</a>, totalling $650 million and comprising 275 apartments.&nbsp;

Five additional projects are being built by Mosaic Construction in <a href="/new-apartments/brisbane-qld">Brisbane</a> and on the <a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a>, bringing its combined construction portfolio to 10 projects valued at over $1.2 billion, translating to the delivery of 750 homes within the next two years.&nbsp;

Mosaic's Founder and Managing Director, Brook Monahan, said they are continuing to actively and very selectively seek out opportunities to secure prime sites on the Gold Coast and across South East Queensland to keep delivering its signature brand of luxurious and highly functional living.&nbsp;

"We're excited to have the opportunity to create another collection of beautiful homes to fulfil the strong sustained demand for Mosaic products on the Gold Coast," Monahan said.

"We're highly selective and strategic in our site acquisitions. Any opportunity undergoes a painstakingly detailed evaluation and extensive investment into relationships with locals to ensure the outcomes align with our vision for luxury living and long-term growth. This approach takes time, but it ensures we create exceptional quality and value for our customers while contributing meaningfully to the communities we are lucky to be a part of.

"This is such an incredible, rare, ideally positioned piece of beachfront real estate and we feel &nbsp;fortunate that the current ownership group chose Mosaic to be the best custodians of this amazing &nbsp;beachfront land that had been in their family for almost 90 years.”&nbsp;

Monahan said that while the design was in its early stages, it was set to be the latest offering in its ultra-luxury Mosaic Masterpiece Series.&nbsp;

“Every minute detail will be considered to establish an address that takes full advantage of its &nbsp;incredible location and elevates the living experience for those who will call it home.”

"In a time when "luxury" is defined by more than just opulence but by the seamless fusion of design &nbsp;excellence and functional practicality, these homes will be curated to reflect the essence of &nbsp;sophisticated, effortless living, where every detail serves an aesthetic and utilitarian purpose.”

Mosaic's Founder and Managing Director, Brook Monahan, said they are continuing to actively and very selectively seek out opportunities to secure prime sites on the Gold Coast and across South East Queensland

Mosaic secures beachfront Palm Beach site for latest luxury apartment development

Melbourne developers Roulston and Moda have teamed up to release a rare opportunity to buy an off the plan apartment on Malvern East's Central Park.

The project, dubbed&nbsp;<a href="/new-apartments/central-park-malvern-east-385-387-wattletree-road-malvern-east-vic-3145">Central Park</a>, has been designed by architecture firm <a href="/architects/ewert-leaf">Ewert Leaf</a> at 385-387 Wattletree Road, at the northern end of Central Park near Riserva Wine and the Burke Rd/Wattletree Rd tram stop.

Construction will commence in August 2024 on the 29 apartments that will match the landscaping of the neighbouring seven-hectare park.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="7c5f2673-54cd-42d7-af72-70a871517caf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.22.02%20pm.png?VersionId=ED3GdnvoZjyxYFNtGjv9MdHaymxxjo1a" />

Central Park will be built in compliance with the Nationwide House Energy Rating Scheme’s (NatHERS) new Whole of Home rating, helping to support the economy’s transition to net zero emissions by 2050. It will be home to around 1,843 plants, enforcing&nbsp;a strong commitment to sustainability as well as connecting residents directly with nature with landscaping by <a href="/landscape-architect/jack-merlo">Jack Merlo</a>.

It will feature a&nbsp;30,000-litre rainwater tank and high-quality insulation for energy efficiency, as well as EV charging&nbsp;capabilities in each car space, rooftop panels targeting sustainable energy production and lower energy bills, as well as parcel lockers with a smart lock system.

<img alt="Central Park" data-entity-type="file" data-entity-uuid="c1577427-65bd-45d7-a081-c00d4261f483" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-27%20at%201.21.54%20pm.png?VersionId=Cmzd8COc7NI4sE6DZt9WMtN.DPX8tUUA" />

<a href="/project-marketer/marshall-white-projects">Marshall White Projects</a> Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of <a href="/new-apartments/malvern-east-vic-3145">tranquil suburbia</a>.

“Central Park is being built with sustainability for the future at the forefront of its design and this is reflected in both the extensive amenities and natural surrounds on offer to all residents,” Teplin said.

“This development is situated directly opposite the iconic Malvern East Central Park, and as a result, residents will have access to the best of both worlds – leafy surrounds and the iconic Malvern shopping precinct.

“Purchasing an apartment at Central Park will be a rare opportunity for buyers to live in a modern apartment directly opposite this landmark Malvern East location.”

[smartcode_project_cta:default project_id=134094]

Marshall White Projects Director Leonard Teplin said Central Park represents a unique amalgamation of high-end luxury living against the backdrop of tranquil suburbia

Rare new apartment development launched on Malvern East's best park

Downsizers from Melbourne's inner east have swooped on Burnley Maltings, one of the only opportunities to move into a newly built home in the tightly held suburb in recent years.

They've been coming from large family homes in the likes of <a href="/developments/kew-vic-3101">Kew</a>, <a href="/developments/hawthorn-vic-3122">Hawthorn</a> and <a href="/developments/richmond-vic-3121">Richmond</a> now the kids have flown the nest and they don't need such a large family home.

The townhouses at <a href="/new-apartments/burnley-maltings-richmond-45-gibdon-street-richmond">Burnley Maltings</a> cater for multi-generational living but are low maintenance. All but one townhouse in the development of 37 residences offering three bedrooms, while several have a separate home office space and all have large rooftop terraces.

[smartcode_project:default project_id=14401 project_image_fid=264102]

"These buyers want to be somewhere where there's more going on, but don't want to be right in the thick of the action," Bart O'Callaghan, director of developer Developed by Urban says.

"They don't want to be in the middle of Richmond, but they want the easy access either by train, with the Burnley Station just 500 metres away, or a short car ride."

[smartcode_project:default project_id=14401 project_image_fid=264089]

O'Callaghan says they're also expecting local upsizers when construction is more advanced, from those who don't want the headache and cost of renovating and extending their current Victorian-era cottage and instead opt for a new home. Burnley Maltings brings that heritage through, given the terraces in the&nbsp;heritage-protected landmark&nbsp;Barrett &amp; Burston Maltings, a historic malting factory that started life in the late 1800s as Terry's Burnley Brewery.

The street is also just across the road from the prestigious St Georges Road, one of Melbourne's priciest streets where there have been sales of up to $88 million.

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment.

<a href="/developers/developed-by-urban">Developed by Urban</a>&nbsp;is a&nbsp;specialist in restorations of old and heritage-listed buildings. They took the opportunity not many developers would when the historic building came up for sale.

[smartcode_project:default project_id=14401 project_image_fid=264091]

O’Callaghan says for years Burnley's main&nbsp;detraction had been the operating heritage maltings which finished operations in 2018.

"We have put a tonne of work into the heritage restoration and reimagining of the c.1885 space to now incorporate 1,000 sqm of gardens and beautifully designed new homes, perfect for Families and downsizers alike.

“So often&nbsp;<a href="/developments/melbourne-vic" target="">Melbourne</a>&nbsp;families living in the inner suburbs are forced further away from the CBD in pursuit of space and a larger family home close to Schools. Burnley Maltings townhomes include lock-up garages, oversized bedrooms rooftop terraces and oodles of family living space.”

[smartcode_project_cta:default project_id=14401]

Currently under construction with a target completion date of late 2025, Burnley Maltings represents a rare heritage restoration that is difficult to reproduce in the current built environment

Why downsizers are flocking to Burnley Maltings

Fitzroy North's apartment scene is set to be bolstered by a striking, fossil fuel-free new development.

Plans submitted by Second Nature Developments for a&nbsp;part two-storey, part six-storey mixed-use development with 21 dwellings and three retail tenancies on St Georges Road have been approved.

The building will sit across&nbsp;197-201 and 203-205 St Georges Road, creating a 989 sqm block near Edinburgh Gardens.

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%207.20.40%20pm.png?VersionId=DMsB95VNNBGOi68kD.IUDGquuRZzeRAa" />

<a href="/architects/austin-maynard-architects" target="">Austin Maynard</a>&nbsp;Architects are behind the designs for the new project which will have 17 apartments two and three-bedroom apartments and four double-storey townhouses to the western side of the building.

In their submission to the City of Yarra Council,&nbsp;<a href="/architects/austin-maynard-architects" target="">Austin Maynard</a>&nbsp;Architects said the design response for the subject site takes cues from the surrounding context with reference to building height, setbacks, articulation of form and amenity.

"The height of the proposal is justifiable in the precinct when considering the significant building heights not only present in the existing build form, but more recently permitted in the approval of the Piedemontes supermarket redevelopment," Austin Maynard said.

"Significant setbacks and upper-level articulation, the reduced bulk of the proposal also assists in reducing the perception of overall height of the building."

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%208.27.24%20pm_0.png?VersionId=T0rkk7wi2GJrzS_AypdaMoEWlQB9.n4x" />

They said, as&nbsp;a fundamental component of good design, sustainability is at the core of this proposed development.

"Passive solar gain is maximised where possible and light courts are located to allow for access to ample natural light and ventilation. This is a fossilfuel free building, with electrically run heatpump hot water. Solar PV panels on the roof will supplement the energy usage, and water collection/ re-use is maximised."

Town planner Ratio said the building proposes a flat roof form and will be of a contemporary design, comprising a suitable range of building materials including powdercoated metal, red brick and brickwork of muted tones, hit-and-miss brickwork and clear glazing.

"This material palette is derived from that of the surrounding streetscape which features predominantly heritage commercial buildings of masonry construction."

<img alt="First look: Fitzroy North set for fossil fuel-free new apartment development" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-18%20at%208.27.14%20pm.png?VersionId=umF1pTa4DVZLxgoI.yWz3sWIbpydIFCQ" />

When submitting the plans for the development in October last year, Ratio noted similar and higher density projects approved in the local area recently, specifically the&nbsp;VCAT approval nearby for 66 dwellings at 25-45 Best Street and 102-114 Scotchmer Street.

The design by&nbsp;<a href="/architects/jackson-clements-burrows-architects" target="">Jackson Clement Burrows</a>&nbsp;Architect for a seven-storey, mixed-use development also includes the retention of the existing&nbsp;Piedimonte’s supermarket, ancillary office space, a new bottleshop and a café.

First look: Approval secured for new fossil fuel-free Fitzroy apartment development

Prominent Lower North Shore developer <a href="/developers/winim">WINIM</a> has filed plans for its next project.

It's planning a 42-apartment development in <a href="/new-apartments/lane-cove-nsw-2066">Lane Cove</a>, on a near-3000 sqm site across 1 Gatacre Avenue &amp; 1-5 Allison Avenue, a site they secured in 2021 for around $25 million.

The boutique building designed by <a href="/architects/pbd-architects">PBD Architects</a>, near the border of Artarmon, will replace an old three-level motel.

PBD said in their Design Report submitted to the Lane Cove Council the proposal seeks to sit in harmony with the existing context and also the newer developments that are arising in the nearby area, adding to and not diminishing the existing character.

"The architectural expression of the proposal seeks to find a balance between the existing neighbourhood character and to create a fresh new contemporary development that will bring great comfort, sanctuary and harmony to its occupants and also to the greater community and neighbourhood.

"Massing and façade details are designed to respond to both the desired character of the area and the existing context."

<img alt="PBD" data-entity-type="file" data-entity-uuid="e9d557f3-67c5-4916-865b-4f63215ae54f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-16%20at%2011.56.01%20am.png?VersionId=q9vQQ0dnTjNEYbPERYfigXHFzRAk1aDg" />

The building will have 44 units, a mix of six one-bed apartments, 18 two and 18 three-bedrooms, and two townhouses.

PBD says the proposal reflects current market demands to typologies and living patterns currently established in the local area.

Future residents will have access to community amenities found on the ground floor in the form of a cinema room and adjoining wine-tasting room. The building will be surrounded by landscaping by <a href="/landscape-architect/arcadia-landscape-architecture">Arcadia</a>.

WINIM has been busy in 2024, launching four residential projects.

They kicked off the year with <a href="/news/nsw/winim-reveal-huntington-residences-cremorne-luxury-apartment-development">Huntington Residences in Cremorne</a> then <a href="/news/nsw/winim-launch-second-apartment-development-in-2024-as-kl-o-mosman-hits-the-market">Kleo in Mosman</a> before more recently revealing <a href="/news/nsw/launch-alert-lume-gordon-townhouses-mark-winims-third-residential-launch-in-2024">Lume Gordon</a> and two <a href="/news/nsw/first-look-winim-reveal-newcastles-most-expensive-penthouses-atop-parnell-house">record-breaking penthouses in Newcastle</a>.&nbsp;&nbsp;

WINIM has been busy in 2024, launching four residential projects

First look exclusive: WINIM lodge plans for Lane Cove apartment development

Aniko Group has sold over 80 per cent of the apartments at their under-construction Chevron Island apartment development, Orama.

Only 21 apartments remain in the 21-level building. Priced from $1.25 million, there are a mix of two-bedroom, two-bathroom plus study configurations, as well as three-bedroom sky homes on the upper levels that are topped off by two luxury penthouses.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209596]

Positioned in the thriving <a href="/developments/chevron-island-qld-4217">Chevron Island</a> precinct, <a href="/new-apartments/orama-chevron-island-12-16-weemala-street-chevron-island">Orama</a> offers discerning buyers well-priced luxury in a rapidly growing market. Under the leadership of George Mastrocostas, Aniko Group’s robust sales campaign has swiftly moved apartments, leaving scarce inventory remaining as downsizers flood the limited opportunities in the <a href="/new-apartments/gold-coast-qld">Gold Coast</a> market.&nbsp;

Mastrocostas said the sales success of&nbsp;Orama reaffirms that downsizers are the primary market driving the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>’s appetite for premium living experiences.

“These remaining apartments represent a rare opportunity for buyers to secure their slice of premium living in this coveted location”.&nbsp;

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Orama's rooftop amenity level includes a pool, spa, gym, yoga and Pilates room, residents' lounge with indoor and outdoor dining options, barbecue facilities, and a fully equipped business centre.

Peter Malady, sales and marketing director of Aniko Group, said their&nbsp;strategic pricing and emphasis on luxury amenities have resonated particularly well with local downsizers, who don’t just seek a residence, but a lifestyle tailored to their needs and desires.

"Orama epitomises our dedication to creating spaces where luxury seamlessly intertwines with everyday living, through meticulous attention to detail and a deep understanding of our buyers' preferences”.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209597]

Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama.

Aniko is currently awaiting approval for the $2 billion <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The&nbsp;Landmark at Mermaid Beach</a>, their four-tower masterplan that will bring just shy of 1000 apartments to the tight Gold Coast unit market.

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Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama

Orama on Chevron Island hits 80 per cent sold as construction continues

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

Joel Robinson

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