$80 million sales in Markwell amid Gold Coast market uplift
The $197 million Surfers Paradise development Markwell Residences from Citimark Properties has sold 50 percent of apartments in the 46-level tower totalling $80 million since launch last year.
Pricing has now been increased, and a civil construction contract tendered to add an additional level to the building.
Citimark Properties managing director Angus Johnson said interest from the Australian market had been integral to the project’s sales success.
“Around 70 percent of sales have been sourced from local and Sydney agents, with the balance from offshore,” he said.
“Markwell Residences is reaping the combined benefits of limited development opportunities in the central Gold Coast and being the first new residential tower to be marketed in central Surfers Paradise in seven years.
“It is a very scalable project and it has been designed so that each apartment takes advantage of the views from the ocean through to the hinterland,” he said.
“Owner occupiers and investors are attracted to the centralised lifestyle benefits that Surfers Paradise has to offer, with international standard dining, nightlife and cultural precincts on their doorstep.
"Being only 180 metres from the beach and so close to the light rail represents a level of convenience that is highly sought after.
Residents will have access to the world-class Recreation Retreat, a 1200sqm oasis with café, 22m aquatic lounge pool, three outdoor thermal baths, international standard day spa, yoga deck, high-tech fitness club, urban garden rooms and private outdoor and indoor dining pavilions.
