Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" 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%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Golden Age Group

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The premium residential market is firmly in Melbourne-based Golden Age Group's sights, with two residential projects signifying the developer's willingness to cater for the pointy end of the market. On the recent opening of Opera Melbourne's display at 450 St Kilda Road, Apartments.com.au spoke with Golden Age Group's Project Management and Sales Director, Ronald Chan.

Joining Opera in the pursuit of the luxury sector is the release of Collins House's penthouse located on level 56 of the tower or 195 metres above Collins Street. The two-storey, three-bedroom, three-bathroom plus study penthouse will span 245 square metres and come in at a cool $6.88 million.

Project architects Bates Smart have also conceived two sub penthouses of 213 and 225 square metres, with three bedrooms and three bathrooms plus study featuring the same fixtures and finishes as the penthouse. List prices for the sub penthouses begin at $3.5 million.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/living_room_dusk.high_.jpg" rel="gallery-all" title="The Collins House penthouse. Image courtesy Golden Age Group"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/living_room_dusk.high_.jpg?itok=B1qksKMI" title="The Collins House penthouse. Image courtesy Golden Age Group" width="580"></a>

<figcaption>The Collins House penthouse. Image courtesy Golden Age Group</figcaption></figure>Asked of the markets in mind for both Collins House and Opera, Ronald Chan explained that Collins House was generally catering for a buyer with a high-end corporate background while Opera was attracting local buyers from surrounding suburbs such as St Kilda. To date display visitors have been downsizers, retirees and owner-occupiers intent on a leafy location close to both the CBD and bayside Melbourne.

Both Collins House and Opera Melbourne are averaging a $10,500psm price tag, with Opera Melbourne's car space included within that price.

Opera Melbourne as of late last week had secured 70 confirmed sales with 40 reservations in the process of being formalised. With 228 apartments in total, the uptake to date has seen in excess of 70% purchased by local buyers with a smattering of offshore sales. Offshore sales are not front and center in the Opera Melbourne sales campaign according to Ronald Chan, with only a handful of sales in locations such as Malaysia and China; marketing of the project in these countries is more about brand recognition than achieving bulk project sales.

Bates Smart are once more the architect of choice, and asked whether this signifies an ongoing relationship between the two, Ronald Chan stated Opera Melbourne was subject to a limited design competition in which Bates Smart were victorious on this occasion.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image30_4.jpg" rel="gallery-all" title="Opera's exterior and pool area. Images courtesy golden age Group"><img alt="" class="image-article-full-width-580px" height="315" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image30_4.jpg?itok=pyUEKpZB" title="Opera's exterior and pool area. Images courtesy golden age Group" width="580"></a>

<figcaption>Opera's exterior and pool area. Images courtesy golden age Group</figcaption></figure>Shaped in order to reference the adjoining Airlie Mansion, the tower will see a host of residential services and communal spaces at ground level. A concierge, event manager, personal trainer, art curator, sommelier and yoga instructor will be on hand to cater for future residents needs while communal spaces include a gym, spa, wine cellar, dining area, outdoor BBQ and terrace, library and swimming pool; the latter with a typically elegant and understated Bates Smart touch.

Opera Melbourne's display carries a suitable 'wow factor' upon entry, fitted with finishes intended to mirror the final product. All interiors can be completed in three schemes with the 'Opera' finish designed to be the premier outcome. Golden coloured fittings and trim, deep blue feature walls and marble finishes are available and designed to purvey a sense of luxury.

Ronald Chan explained there's been a trend toward white, simple and clean interiors of late which he believes has become all too generic. The use of rich colours in both the Collins House penthouses and Opera Melbourne finishes is designed to set the Golden Age Group projects apart from the pack.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gren8422_opera_in04_2_bd_bedroom.jpg" rel="gallery-all" title="An indicative two bedroom apartment within Opera. Image courtesy Golden Age Group"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/gren8422_opera_in04_2_bd_bedroom.jpg?itok=4ipWl9FI" title="An indicative two bedroom apartment within Opera. Image courtesy Golden Age Group" width="580"></a>

<figcaption>An indicative two bedroom apartment within Opera. Image courtesy Golden Age Group</figcaption></figure>Both Collins House and Opera Melbourne are expected to begin construction during early 2016. While Golden Age Group have been active in the Sydney market with a number of site acquisitions of late, the developer is scouting further prospective Melbourne development sites capable of handling premium apartment developments.
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silvermb

Golden Age Group set their sights upon the luxury residential sector

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Late last week it was announced that two of Melbourne's more dynamic property developers have teamed in order to jointly deliver what will become one of Melbourne's premier addresses. South Melbourne-based Asian Pacific Group has taken a development shareholding in <a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House</a>, a 57 level residential development, and in doing so has cemented what is expected to become a long-term relationship with fellow developer Golden Age Group.

In fitting with the ethos of both developers to deliver high-end residential and hotel offerings, the former Makers Mark building at 464-466 Collins Street will play entry to a new luxury skyscraper which will see its sales campaign launched during May.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/27cca5991d45e8a45aab799578d0c2ac.jpg" rel="gallery-all" title="Artist's impression of the communal area"><img alt="" class="image-article-full-width-580px" height="344" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/27cca5991d45e8a45aab799578d0c2ac.jpg?itok=AUpmivjU" title="Artist's impression of the communal area" width="580"></a>

<figcaption>Artist's impression of the communal area</figcaption></figure>Subject to refinement over the previous two years, the development team has now settled upon the final Collins House format which will see 263 luxury apartments within the tower. Bates smart have designed both the building itself and interiors which are modelled upon hotel style finishes.

As outlined in the <a href="/news/the-pencil-skyscraper-464-collins-street-in-depth">initial Urban.com.au piece</a> on the 2013 planning application, Collins House is expected to employ a unique structural engineering format which will provide the 195 metre tower with its strength, given it's a mere 11 metres wide. Initially used within <a href="http://www.spectator.co.uk/australia/australia-features/9153881/a-knife-blade-on-the-skyline/">Phoenix Apartments</a> on Flinders Street, the system will be supersized for Collins House which is due for completion during 2018.

<blockquote>
The narrow site has required the team to completely rethink construction systems for tall buildings which has resulted in its radically slender proportions to be built from state-of-the-art in situ cast concrete construction techniques.
<cite>Bates Smart</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/db9b16ba4847223fd897346f4c5ab110.jpg" rel="gallery-all" title="Collins House with Southbank beyond"><img alt="" class="image-article-full-width-580px" height="200" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/db9b16ba4847223fd897346f4c5ab110.jpg?itok=swONHfyS" title="Collins House with Southbank beyond" width="580"></a>

<figcaption>Collins House with Southbank beyond</figcaption></figure><h2>What they say</h2>

<blockquote>
This partnership with Asian Pacific Group adds immense value to the delivery of the luxury lifestyle we have envisaged for Collins House, further strengthening the unique offer in the market. It is the beginning of what we see as a long-term relationship creating luxury residential projects with a partner that understands quality and Melbourne.

We both have a passion for property in Melbourne and love to play golf, so we have wanted to work together for some time. We look forward to announcing further projects together in the future.
<cite>Golden Age Group founder Jeff Xu</cite>
</blockquote>

<blockquote>
Through the Art Series brand we have demonstrated a commitment to creating inspired and extraordinary spaces – Collins House is exactly this. Located on Melbourne’s version of Fifth Avenue, Collins Street, this architecturally-designed project will stand the test of the time and bring hotel living to a residential setting.

We are immensely excited about this foray into residential development and are pleased to partner with Golden Age Group, which shares the same commitment to quality as we do.
<cite>Asian Pacific Group CEO Will Deague</cite>
</blockquote>

<h2>Future intent</h2>

Both Golden Age Group and Asian Pacific Group have additional projects on the horizon. Only yesterday it <a href="http://www.heraldsun.com.au/leader/east/proposal-for-dual-tower-development-in-box-hill/story-fngnvlxu-1227264697791">was reported</a> that Asian Pacific Group have attained unanimous support form City of Whitehorse for their dual-tower scheme fronting Maroondah Highway.

Subject to a VCAT hearing, <a href="/buildings/whitehorse-towers-850-whitehorse-road-box-hill">850 Whitehorse Road</a> would see towers of 36 and 26 levels; the former weighing in as the tallest in Box Hill at 115 metres. In addition to 500 plus apartments, the development will see the Art Series Hotel component named after artist Zhong Chen.

It's been reported the VCAT hearing is a preemptive move on the developers part to quell the intentions of an objector to the project.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image56_0.jpg" rel="gallery-all" title="Artist's impressions of both Whitehorse Towers and Opera"><img alt="" class="image-article-full-width-580px" height="230" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image56_0.jpg?itok=NLqWhfDk" title="Artist's impressions of both Whitehorse Towers and Opera" width="580"></a>

<figcaption>Artist's impressions of both Whitehorse Towers and Opera</figcaption></figure>Conversely Golden Age Group have their flagship project, <a href="/buildings/victoria-one-452-472-elizabeth-street-melbourne">Victoria One</a>, in its construction infancy as piling rigs begin to lay foundations for the 241 metre, Elenberg Fraser-designed tower. With the vast majority of its 600 plus apartments accounted for, Golden Age Group will soon turn its attention to a prized site at 450 St Kilda Road.

Dubbed Opera, the Bates Smart design is expected to contain roughly 220 dwellings, and is described as follows:

<blockquote>
Our design vision for 450 St.Kilda Road aims to draw on the nostalgic glamour of Airlie Mansion and leverage off its significance and value to our development site. To express this relationship and rapport, our design has taken a more sculptural and contemporary shape to create a landmark which exudes a distinctive, elegant and alluring flavour.

We aim to create a building that not only captures the movement and vitality of St Kilda Road’s glamorous past but also allows the key views across the site to be maximised. The facade is stretched like fabric over this contemporary form. Openings are expressed as cuts which accentuate the sense of movement.

The ground plane draws on the idea of pattern making of traditional paving evident in the grand mansions along St Kilda Road but provides a contemporary twist.
<cite>Golden Age Group</cite>
</blockquote>

With the intent to further collaboration in the future outlined by both parties, could one or both of the above projects be next in line?
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Collins House a precursor of things to come

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Golden Age Group has in recent weeks commenced preliminary exposure for their latest project which promises to be one of Melbourne's most prominent skyscrapers.  After snapping up the prized 460-466 Collins Street site during 2014 for a reported $25 million, the developer has christened the tower Collins House Melbourne, with an active website taking registrations of interest for what may well become one of Melbourne's most sought after addresses.

The history of the development in question has been extensively covered on Apartments.com.au, with the initial planning application calling for a 55 level tower holding a relatively modest 185 apartments outlined during <a href="/news/the-pencil-skyscraper-464-collins-street-in-depth">September 2013</a>.  Having gained approval as part of the '<a href="/news/victorian-government-announces-suite-of-super-tuesday-approvals">Super Tuesday</a>' announcement of 2014, the site and associated 1908 Makers Mark building were offered for sale thereafter by then developer Equiset.

Amended plans were lodged during August 2014 and are according to DTPLI's online portal still active, that is no final decision has been made public.  This follows Equiset's efforts to to bolster the height according to <a href="http://www.theage.com.au/victoria/developers-flipping-projects-for-huge-profits-20140901-10b3a8">this article</a> prior to their selling the site, which was reported as sold during October of last year.  Golden Age Group have chosen again to refine 466 Collins Street's design.

<figure><a class="colorbox colorbox-insert-image" href="https://urban.melbourne/sites/urban.melbourne/files/pictures/article-images/image49_0.jpg" rel="gallery-all" title="The previous 466 Collins Street and contemporary sales image to boot. Render courtesy Bates Smart"><img alt="" class="image-article-full-width-580px" height="508" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image49_0.jpg?itok=2Q5JLk6C" title="The previous 466 Collins Street and contemporary sales image to boot. Render courtesy Bates Smart" width="580"></a>

<figcaption>The previous 466 Collins Street and contemporary sales image to boot. Render courtesy Bates Smart</figcaption></figure>Seen above is the initial imagery for Collins House; designed by Bates Smart the project would cast a unique figure upon the Melbourne landscape.  According to online reports six additional levels have been requested which would bring the overall height toward 200 metres; an impressive feat considering the site is a slender 11.5 metres in width.

According to the endorsed planning documents the western perimeter wall will consist of white pigmented steel formed in-situ concrete with a distinctive scatter pattern of windows applied. In earlier observations Bates Smart described the western facade treatment as "Circular windows shown opposite are based on a prototypical 750mm window aperture. At night these elements provide a unique and surprising identity to the western boundary."

Interestingly a number of reports have Collins House Melbourne containing near on 300 apartments, at odds with the August 2014 amended plans which called for 172 dwellings in a tower heavy with three bedroom apartments.  It is understood Golden Age Group's preferred scheme will be unveiled once the planning process is complete.

What is clear is that Collins House Melbourne will join <a href="http://Golden%20Age%20Group">Opera St Kilda Road</a> and a first Sydney project in representing an expanded Golden Age Group portfolio of current residential projects.

Lead image source: State Library of Victoria
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466 Collins Street emerges as Collins House Melbourne

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Melbourne-based developer <a href="/developers/golden-age-group">Golden Age Group</a> will this week begin handing over apartments within their latest residential project dubbed <a href="/buildings/emerald-35-albert-road-south-melbourne">The Emerald</a>. Only a select few of the 289 dwellings remain available within the tower located in a pocket of Melbourne becoming increasingly popular with apartment developers and owner-occupiers alike.

Head contractor <a href="/developers/equiset">Equiset</a> has joined Golden Age Group in the final stages of inspection and delivery of all apartments, slightly beyond two years since enabling works commenced for the project. Golden Age Group's Project Management and Sales Director Ronald Chan was at hand to explain to Apartments.com.au why The Emerald exceeded all expectations.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_3121.jpg" rel="gallery-all" title="The vertical aspect from Albert road"><img alt="" class="image-article-full-width-580px" height="315" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/img_3121.jpg?itok=FXDz4oko" title="The vertical aspect from Albert road" width="580"></a>

<figcaption>The vertical aspect from Albert Road</figcaption></figure><blockquote>
The tower features a striking organic rippling form and comprises a 5-storey podium containing car parking and services, surmounted by a further 15 levels of residential apartments. There are 289 apartments and 294 car spaces, as well as a shared roof-top garden with spa pools, amenities and BBQ area for both visitors and residents.

The building design achieves 5-star Green Star rating eco rating.
<cite>Buchan Group website</cite>
</blockquote>

Externally the tower's facade is infused with shades of green and silver, giving rise to The Emerald. As stated architecture firm <a href="/architects/the-buchan-group">Buchan Group's</a> irregular use of floor plates has come together to produce one of Melbourne's more recognisable buildings in line with Golden Age Group's ethos of creating quality buildings both internally and externally.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_3135.jpg" rel="gallery-all" title="Reflections upon reflection. The undulating exterior"><img alt="" class="image-article-full-width-580px" height="870" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/img_3135.jpg?itok=VqnN_atD" title="Reflections upon reflection. The undulating exterior" width="580"></a>

<figcaption>Reflection upon reflection. The undulating exterior of 35 Albert Road</figcaption></figure>It is internally where The Emerald shows its true colours as a discerning development catering for owner-occupiers; Ronald Chan explains the foyer and internal areas are understated but comparatively spacious in relation to masses of other contemporary developments. Given the tower was pitched toward owner-occupiers emphasis was placed upon a spacious, functional development matched by an exceedingly high level of workmanship to all apartments.

Indeed in Apartments.com.au's visits to many a recently completed apartment project, we were impressed at the very few workmanship defects detected in the course of final inspections occurring throughout The Emerald. To that end buyer's faith in the project has been repaid with a mixture local and overseas purchasers able to take possession of their property on time. Ronald Chen believes limited apartment resales reflects upon the excellent location and positive stature in which the project is held.

Westerly apartments overlooking Albert Park and Port Phillip Bay were snapped up within a matter of days post release, although easterly aspects over the Shrine of Remembrance and Melbourne's CBD also command impressive views. Golden Age Group have acted to maintain the pedigree of their latest development by purchasing a strata office in the adjoining westerly office complex, effectively maintaining the right to veto any future development of that site. The adjoining easterly site is Government owned according to Ronald Chan and unlikely to see development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_3145.jpg" rel="gallery-all" title="Penthouse kitchen featuring marble finishes"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/img_3145.jpg?itok=LhaY9zse" title="Penthouse kitchen featuring marble finishes" width="580"></a>

<figcaption>Penthouse kitchen featuring marble finishes</figcaption></figure>Communal areas have intentionally been kept to a minimum given the wide choice of recreational areas within a short walk of The Emerald, although a rooftop communal area with barbecue and plunge pool takes full advantage of the panoramic views on offer.

The full gamut of living options are available within the project, with a 48sqm single bedroom apartment and 250sqm penthouse opened for viewing. All dwellings feature timber flooring and a light finish to apartments while the penthouse highlighted above and below has been slated for Golden Age Group principal Jeff Xu and features massively proportioned living areas, high-end finishes and appliances plus three different aspects.

Completion of The Emerald coincides with construction commencing on Golden Age Group's next project: <a href="/buildings/victoria-one-452-472-elizabeth-street-melbourne">Victoria One</a>. With completion of Victoria One expected late 2017, two new Melbourne projects will begin marketing during 2015 highlighting the rapid ascendancy of Golden Age Group as an industry leading development firm. The 55-level <a href="/buildings/collins-house-melbourne-460-466-collins-street-melbourne">Collins House Melbourne at 466 Collins Street</a> and <a href="/buildings/opera-450-st-kilda-road-melbourne">Opera at 450 St Kilda Road</a> seek to carry forth the momentum generated to date by Golden Age Group.

An image set of The Emerald during Apartments.com.au's visit can be seen below.
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In focus > The Emerald @ 35 Albert Road, Melbourne

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Keen observers would have noted the increased media attention surrounding Melbourne-based property developer Golden Age in the lead up to the official launch of their most notable project, the gleaming Victoria One on Elizabeth Street. An informative piece on company head Jeff Xu was published last week in the <a href="http://www.afr.com/p/business/property/melbourne_property_king_jeff_xu_6ZcdmWQNMcJVSstdILZqPI" target="_blank">Financial Review</a>, outlining the rise and rise of both man and company as Golden Age continues to assert itself upon the Melbourne property scene.

From their first modest development of some three levels in Box Hill completed three short years ago, Golden Age have since delivered the 32 level mixed-use 27 Little Collins Street and have witnessed their most recent project, the 20 level <a href="/buildings/emerald-35-albert-road-south-melbourne" target="_blank">Emerald</a> apartment development, reach structural completion in recent weeks.

At the Victoria One launch evening last week, the affable Jeff Xu announced that the soaring tower had financing in place after reaching 60% sales and that a preferred builder had been chosen. Probuild has the task of delivering the 75 level, 241 metre tower from late 2014 , marking the firm's tallest build to date.

<h2>Victoria One at a glance</h2>

<ul>
<li>$350 million dollar project</li>
	<li>115 one bedroom apartments, 482 two bedroom and 32 three bedroom apartments split across a 75 level tower</li>
	<li>Podium apartments feature featuring in-built planting boxes overflowing with greenery</li>
	<li>Apartment sizes range from 41sqm to 91sqm</li>
	<li>One bedroom apartments from $370,000 up to minimum 890,000 fro a three bedroom apartment</li>
	<li>Completion due 2017</li>
</ul>
A technical overview of the project can be seen in an associated <a href="/news/victoria-one-452-elizabeth-street" target="_blank">planning assessment article</a>.

<h2>Ins and Outs</h2>

Leading global colour systems firm Pantone in choosing emerald green as their <a href="http://au.pantone.com/pages/index.aspx?pg=21055" target="_blank">colour of the year</a> provided the following description: "Lively. Radiant. Lush… A color of elegance and beauty that enhances our sense of well-being, balance and harmony." The same could be said for Victoria One's facade as project architect Elenberg Fraser have designed a unique tower which will change consistently as light and shade and traverse the facade.

This is of course due to the prominent silver-white metallic fins cascading down this façade, thus "Creating curves and peeling away at the corner of Elizabeth and Franklin Streets."

A benefit of the curtain facade sees all apartments feature floor to ceiling windows, allowing for excellent natural light penetration. Wintergardens are included, featuring operable windows and built-in breakfast bars which is a bonus not generally included within contemporary designs. Customised lighting, wallpaper, hardware and bathroom accessories are available, while the dual available colour schemes coupled with timber flooring throughout add an earthy feel to internals. This earthy feel in turn flows into the communal areas.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/victoria_one_hero_external_render.jpg" rel="gallery-all" title="Victoria One Melbourne. Image © Golden Age"><img alt="" class="image-article-full-width-580px" height="1134" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/victoria_one_hero_external_render.jpg?itok=ZVnMcSvd" title="Victoria One Melbourne. Image © Golden Age" width="580"></a>

<figcaption>Victoria One Melbourne. Image © Golden Age</figcaption></figure>Victoria One will include a pool, spa, gym and indoor/outdoor entertaining area over level nine. Featuring landscaping and barbecue areas, the podium-top facility is designed to reflect the beaches and rockpools of the coast. Elsewhere the residents facility on level 40 provides two resident lounges, double dining rooms and poker play facilities for private events.

As has become common over Melbourne's taller residential towers of late, an entire floor at a lofty height has been seeded to a communal residents-only retreat. Level 66 is home to the exclusive One Club, a lounge area consuming the entire floor and inspired by the beauty of the Yarra Valley according to Golden Age.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/vic5.jpg" rel="gallery-all" title="Victoria One's austere yet sophisticated swimming pool"><img alt="" class="image-article-full-width-580px" height="593" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/vic5.jpg?itok=LSCbAfhT" title="Victoria One's austere yet sophisticated swimming pool" width="580"></a>

<figcaption>Victoria One's austere yet sophisticated swimming pool</figcaption></figure><h2>A golden year indeed</h2>

The new year will herald the arrival of Golden Age's latest development, a preliminary render of which is seen below. According to <a href="http://www.smh.com.au/business/property/st-kilda-road-office-space-is-being-turned-into-homes-by-developers-20140513-387rm" target="_blank">Business Day</a>, 450 St Kilda Road was purchased during April, and has since seen Golden Age act briskly to facilitate a Bates Smart-designed tower of 19 levels.

227 luxury apartments are slated for the project that will have an approximate market value of $180 million. The not yet submitted for planning approval scheme sees a streamlined residential building curving mildly away fom the abutting historic Airlie Mansion.

The location and ever increasing prowess of Golden Age should ensure the immediate success of 450 St Kilda Road upon release.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/photo111.jpg" rel="gallery-all" title="A pre-planning render for 450 St Kilda Road"><img alt="" class="image-article-full-width-580px" height="790" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/photo111.jpg?itok=YNTp_uap" title="A pre-planning render for 450 St Kilda Road" width="580"></a>

<figcaption>A pre-planning render for 450 St Kilda Road</figcaption></figure>
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