Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Gold Coast

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A sell out of their latest release of 35 homes in CityVillage, in Queensland’s Robina, has seen Robina Group push forward another wave of properties.
The $200 million project has already seen almost $62 million in sales across their two Robina projects – <a href="https://www.cityvillage.com.au/" target="_blank">CityVillage</a> and Riverlily. After the 35 homes in CityVillage sold out in March, in two days for $16 million, they are pushing another 33 to market.
The Riverlily terrace homes, which were launched in April, also saw strong sales. Currently just a few terrace properties are left from $449,000. Meanwhile, this latest CityVillage stage – number four- includes 33 three-bedroom properties. This includes 20 that are waterside homes from $529,000.
The first tri-level homes in the development, with ground level courtyard and a balcony, are also being sold in this release.
<a href="/news">Robina’s median house price is $525,000</a>, while the median unit price sits at $410,000, according to RP Data.
Robina Group residential sales manager Azura Griffen said that many buyers missed out in the early stage.
"The level of interest in property in Robina is only continuing to rise and we've been fast tracking the design and construction of our developments just to keep pace,” said Griffen.
"Robina is a highly sought after residential address because of the unparalleled mix of amenities on offer literally at the doorstep, including Robina Town Centre, schools, Hospital, Bond University and Cbus Super Stadium, and its relative ease of access."
In total, CityVillage will have 130 terrace homes over four hectares.
If you're marketing off the plan, you should consider signing up to the <a href="/news">Property Observer/Investorist free webinar off the plan marketing masterclass</a>.
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jduke-EHk3XBmHkn

CityVillage, Gold Coast extends release after sell out

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The richest man in China, Wang Jianlin is reportedly close to buying into a Surfers Paradise hotel development site.
The 1.13 hectare three-tower Jewel development opportunity comes with 110 metres beachfront.
It has been listed by another Chinese outfit, the Ridong Group, who are reportedly seeking equity partners.
The Australian reported Mr Wang, the Dalian Wanda Group chairman, was on the Gold Coast last month with company officials returning to continue negotiations.
Their Australian advisor, Roland Evans of Canford Property group, indicated Dalian Wanda was not limiting itself to just one opportunity.
Dalian Wanda is a $66 billion company with interests in commercial property, hotels, tourism and shopping centres, according to its website.
Sydney has also been on their acquisition radar.
<a href="https://www.zhridong.com/en/introduce001?introID=55895" target="_blank">The Jewel site</a> is at Broadbeach.
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jchancellor-FAypfDUnLy

China's richest man Wang Jianlin close to buying into Surfers Paradise development site

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<div>
The Mermaid Beach retreat of the former Australian cricket team vice-captain Shane Watson has been listed for auction this weekend.
The four-level villa at 14a Lavarack Rd was bough off the plan for $1.34 million in 2006.
</div>
The four bedroom Malibu on Lavarack duplex villa was constructed by boutique builder Daniel Veitch.
It has been<a href="https://www.harcourts.com.au/Property/568095/QHT24622/14a-Lavarack-Road" target="_blank"> listed through Chez Fraser of Harcourts Coastal</a> who has issued more than a handful of contracts.
The north-facing 539 square metre property, which attracts weekly rentals between $900 and $950, comes with four-car basement garage. 
<div>
The Queensland born Watson went to school at Ipswich Grammar.
<a href="/news">Mermaid Beach</a>'s median house price sits at $870,000, according to RP Data.
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All-rounder Shane Watson bowls up Mermaid Beach townhouse

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A 27 year old woman allegedly robbed a real estate agent at an open house in Surfers Paradise this weekend.
According to The Courier Mail, police allege Amy Lee Niwa, 27, of Carrara, attended an open home and pretended to be a buyer. After the real estate agent turned away to note her details, Niwa allegedly pulled out a handgun, making demands for his car keys and phone.
After taking the agent’s keys, the unlicensed driver allegedly went on a shopping spree. A police prosecutor reportedly said Niwa can be seen on CCTV footage from various stores driving into carparks in the stolen car and making purchases using a stolen credit card.
She allegedly spent almost $1000 over that afternoon at Billabong and Hot Brands stores, a bottleshop and a supermarket. Niwa was arrested two days later, after being reported by a member of the public.
The Courier Mail reports that Niwa allegedly admitted to being armed with a 20 centimetre kitchen knife in a jacket sleeve, with a syringe and some methamphetamine, with the gun not yet found.
She is accused of committing 21 offences and was refused bail. She was reportedly remanded in custody and will return to court in August.
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jrichardson-uRX5hFdKfN

Woman allegedly commits armed robbery at open home

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There’s no doubt the Gold Coast residential market is entering a growth phase. After five bad years, in which prices went backwards, the Gold Coast is moving again.
Sales activity is rising strongly across the region and the latest figures from the Real Estate Institute of Queensland suggest prices are moving in the right direction.
But we remain opposed to investment in this market.
Here’s an example of why. On 12 June, the Gold Coast Bulletin published a news article under this headline: '104-storey Southport tower poised to steal Q1 crown of Southern Hemisphere’s tallest residential high rise'.
Apparently a three-tower complex called Imperial City is planned for Southport. The building will be 75, 85 and 104 storeys, dwarfing the 78-storey Q1 which is currently tallest high-rise on the Gold Coast, as well as in Australia and Southern Hemisphere.
Imperial City will contain 2,200 apartments, as well as 200 student rooms and a 200-room hotel.
The Gold Coast Bulletin reported: 
"The project has been welcomed by city leaders, with area councillor Dawn ­Crichlow declaring Imperial City would be the jewel in Southport’s development crown. “This is one of a range of Southport developments before the council at the moment and the number, as well as the size of this project, are a real show of faith,” she said.
"Southport MP and Assistant Planning Minister Rob Molhoek said he was “incredibly excited” by the proposal. “There are more than 17 major development approvals in line for Southport right now which is a testament to the fact that the CBD is on its way back to its former glory,” he said
“If this gets approved and built it would be a symbol of everything we are trying to achieve right now.”
That pretty much sums it up. This latest monument to a developer’s ego is seen on the Gold Coast as “a symbol of everything we are trying to achieve”.
Presumably Molhoek and Crichlow like oversupply and falling property values. The mentality of civic leaders and business people on the Gold Coast never seems to change. The place lurches from boom to bust, relentlessly and repeatedly, because this is how they think. They see the Gold Coast as a theme park for foreign tourists and property speculators, rather than as a city with families who needs services and jobs. If it reaches for the sky, it has to be good.
Just when the Gold Coast has soaked up its surplus of apartments, a process that took five agonising years, its developers and politicians are sowing the seeds of the next calamitous glut. The Imperial City monstrosity is one of many mega proposals for the glitter strip. New ones are announced weekly.
If you must buy on the Gold Coast, avoid the highrise. Buy houses in an inland suburb.
These are the areas of the Gold Coast market that really stand out in the research I’ve just completed for The Price Predictor Index. 
Rising markets include <a href="/news">Nerang</a>, <a href="/news">Mudgeeraba</a>, <a href="/news">Coombabah</a>, <a href="/news">Arundel</a>, <a href="/news">Ashmore</a>, <a href="/news">Carrara</a>, <a href="/news">Coomera </a>and <a href="/news">Varsity Lakes</a> – all housing markets inland, away from the skyscraper insanity.
Lest you forget, the latest edition of the REIQ’s quarterly report reminds us that if you bought the typical Surfers Paradise apartment five years ago, it’s still worth 10% less than you paid back then.
You can contact Terry via   <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email</a> or on <a href="https://www.twitter.com/hotspotting" target="_blank">Twitter</a>.
Photo courtesy of Syed Abdul Khaliq/Flickr/<a href="https://creativecommons.org/licenses/by/2.0/" target="_blank">Creative Commons</a>.
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terryryder-YECXbqmri2

Gold Coast enters growth phase, but is it really a good place to invest?

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In Coolangatta, the construction of a $85 million 25-level residential tower and will total 28 new apartments, with 10 offered to the Australian market, will soon be complete.
The development, <a href="https://sanbano.com.au/" target="_blank">Sanbano Coolangatta</a>, has its marketeers calling it the "Palazzo Versace of the southern Gold Coast" and will come with an appropriately hefty price tag – a minimum $2.72 million for a whole floor apartment.
The development, from Marine Parade Holdings - a wholly owned subsidiary of Chinese-based Sanbano Group - includes a putting green, concierge service, private residents’ dining room, Club Lounge and fully furnished apartments.
They have also been creating <a href="/news/sanbano-southport-tower-to-rise-51-storeys-over-gold-coast">a $100 million called Sanbano Southport</a>.
CBRE residential sales manager, Chris Liftin, said that the developer wanted to complete the building before offering it for sale.
“The developer took the view that prospective buyers should be able to see more than a brochure so he elected to build the development before embarking on a marketing campaign and produced a fully furnished display apartment on level eight so people could see what they were getting,” said Litfin.
“Sanbano is so exclusive and such a rare opportunity that we are taking bookings for people to view the display apartment and experience first hand the views on offer.”
It is on 1,006 square metres that includes views of Coolangatta Beach, the Pacific Ocean and up to the Surfers Paradise skyline.
Views form level 13:
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/06/23/1.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/06/23/3.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/06/23/6.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/06/23/5.jpg" alt="">
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/06/23/4.jpg" alt="">
The apartments will include luxury furniture packages and high end finishes.
The apartments are 316 square metres over an entire floor. They have three bedrooms, three bathrooms and additional media rooms, with each bedroom having an ensuite.
Within the development, other apartments range from 110 square metres for two-bedrooms, to 175 square metre two-bedroom, two-bathroom offerings that will potentially be sold at a later date.
DBI Architects designed the building, with furniture and fittings from The Interior Space.
Note: This article has been amended. It originally incorrectly stated that construction was about to begin, not finish.
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Chinese developer creates the "Palazzo Versace of the southern Gold Coast"

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The Gold Coast is set to host the 2018 Commonwealth Games, which will see a surge in infrastructure and investment spend. Such is the spend that it <a href="/news/qld/gold-coast-property-recovery-tipped-from-2015-as-house-prices-bounce-back-but-unit-prices-slip-to-lowest-in-a-decade-prodap-report">has had reports predicting a house price bounce since 2013</a>.
The spend, however, also includes a $55 million outlay on a velodrome.
This one is to be designed by Brisbane-based Cox Rayner architect, a project that Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney announced would keep dollars in the local economy.
“The design and construction of these facilities will provide a lasting legacy for Queenslanders to enjoy long after the Games is over, proving that we have a strong plan for a brighter future for the State,” said Seeney.
“The Games will inject an estimated $2 billion into our economy and create up to 30,000 full time equivalent jobs.”
It is to be built at the Sleeman Sports Complex near the SuperX BMX track, with the aims of making the area a “cycling mecca”.
<img src="/images/2014/06/18/gold-coast-june-18-two.jpg" alt="">
Cox Rayner Architects submitted plans and scored highly due to capability, experience, comparative cost and knowledge of the sports complex.
“The firm’s winning design capitalises on south-east Queensland’s sub-tropical climate and conservation surrounds,” he said.
“Its streamlined roof design will overcome the weather limitations of the existing outdoor velodrome, which was built for the 1982 Brisbane Commonwealth Games.”
A timber track will also be built, where the previous velodrome’s was concrete.
<img src="/images/2014/06/18/gold-coast-june-18-three.jpg" alt="">
In total 17 new and refurbished venues are expected for the games, with the Velodrome to be one of two in Brisbane. Belmont Shooting Range will also be in Brisbane.
The velodrome will include a café and improved green spaces.
The <a href="/expert-insights/buying/gold-coast-commonwealth-games-village-urban-renewal-project-underway">Gold Coast's Games Village urban renewal project is already underway</a>.
It remains to be seen <a href="/expert-insights/investing/gold-coast-to-ride-wave-of-commonwealth-games-momentum">whether the Gold Coast will ride the wave of the games' momentum</a>.
Images supplied.
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Gold Coast aiming to become new "cycling mecca" with $55 million velodrome development

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After a marketing push into Asia, it appears that offshore buyers are interested in Surfers Paradise properties, with Ray White Surfers Paradise noting a total of 202 transactions to Asian buyers in the past 12 months.
Property Observer clarified the nature of the Asian buyers and was told this included 80% offshore and 20% with residency, or around 162 offshore sales.
CEO of Ray White Surfers Paradise, Andrew Bell, said that the sales data points to a focus from these buyers on the central and northern end of the Gold Coast, particularly Southport. He also noted that there was a favouring of development stock, beachside apartments and homes in the areas of Arundel and Labrador.
“The prospect of a Chinatown precinct, and the area’s proximity to Griffith University are huge ticks for Southport in the eyes of Asian investors,” said Bell.
“Another big plus for <a href="/news">Southport</a> is the impending start to light rail service, connecting it with the huge Griffith University and hospital precinct and key locations like <a href="/news">Surfers Paradise</a> and <a href="/news">Broadbeach</a>.”
However, there’s no one motivation behind the purchases – just as there’s no one motivation behind Australian purchases. Holiday homes, accommodation for their children studying at university, for capital growth or for investment return, there are numerous reasons, explained Bell.
“We are the second most visited destination in Australia after Sydney by this demographic and this fact continues to inform and intensify our international marketing efforts,” he said. Their current strategy, which began six years ago, focuses on China, Hong Kong, Singapore, Indonesia and Malaysia, where they have offices.
Many Ray White staff also travel to these countries to build their databases of buyers, including Bell himself.
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Strong offshore transactions noted on Gold Coast: Ray White 

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A penthouse spanning levels 25 and 26 of the Aria highrise in Broadbeach on the Gold Coast has had its asking price reduced to $3.5 million.
<a href="https://robastbury.com.au/projects/2501-aria/" target="_blank">It has been on the market</a> since April last year.
The penthouse, which features 270 degree views of the Gold Coast beach, skyline and hinterland, was initially listed with $4.2 million hopes through Ray White Broadbeach agents Aydan Mullin and Rob Astbury, who left behind a career in television for real estate.
Its asking price was reduced from $3.85 million to $3.5 million last month.
The north facing 580 square metre, including a roof top balcony with private swimming pool and sauna.
The penthouse features four bedrooms and four bathrooms.
Astbury has advised potential buyers the penthouse had been empty for 85% over the years.
It comes with floor to ceiling glass windows that envelop the open plan living and dining areas, with an eight to ten metre high ceiling in the atrium, allowing  natural light to filter through the apartment.
The bathrooms feature Italian Black Vein Marble tiles.
The penthouse has a 15 metre lap pool.
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Aria, Broadbeach penthouse price reduction

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Rayjon Group has been given full council approval for a $200 million apartment project in the Gold Coast suburb of Benowa yesterday, readying themselves to start building.
The 357 apartment, six-building development site is called Vantage Royal Pines, or more familiarly as Vantage, and sits on a 2.4 hectare site, near Ross Street and Ashmore Road junction.
Along with Coles, Rayjon has been contributing 3,500 square metres of land to assist the state government with upgrading this section of the roads. Coles received a DA for a supermarket on the parcel of land adjoining this site. Coles has been a presence previously in Rayjon developments.
According to The Gold Coast Bulletin, the development saw 600 objections, which saw some discussion around traffic and the extra burden.
The apartments will include two- and three-bedroom properties, an extensive central green space and a recreation hub for residents – including pool, gym, media rooms and barbecue facilities.
Vantage Royal Pines will include a range of two and three-bedroom apartments as well as an extensive central green space and recreation hub for residents including pool, gym, community/media rooms and barbecue facilities.
Golf course and hinterland views will be available from some of the apartments.
However, this site is just part of the land parcel that the development company owns, having bought in 2006, explains managing director of Rayjon Group, John Hembrow.
 “We are delighted with the approval and as a company we are in a position to push ahead with Vantage immediately,” Hembrow said.
“We intend to undertake site works and commence marketing this year to create what we believe will be a wonderful asset for the area.”
The development will be staged and constructed in relation to market demand, he explained.
The Royal Pines precinct is also seeing RACV transforming the Royal Pines Resort Hotel and Spa, and the Royal Pines Golf Course is undergoing an extensive upgrade, as well as Metricon Stadium.
Much of this is being driven by the 2018 Commonwealth Games.
Currently, <a href="/news">Benowa</a>'s median unit price is $490,000 with a median advertised weekly rent at $470. Days on market have been steadily falling.
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