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

Hiap Hoe

<html><body>
<blockquote>
We get really obsessed with height - we can have great towers and bad towers, we need to shift the discussion more toward the quality of development.
<cite>Leanne Hodyl, <a href="/news/public-forum-city-in-crisis">IMPA's 'City in Crisis?' forum</a></cite>
</blockquote>

This interesting quote appeared in <a href="/expert-insights/buying/25-000sqm-threshold-yes-it-is-time-to-review-it">Alastair's article</a> on Monday, which delved into who should maintain planning authority over Melbourne. The notion of shifting focus more toward quality of development rather than height is a noble one, but it's simply not that straight forward.

A counter argument could be found in comments made during the recent Meinhardt tall towers seminar in which Meinhardt's Jon Brock essentially stated that people don't really care how tall a tower is beyond a certain point, tall is tall but what matters most is what occurs at street level. A vibrant, user friendly, interesting and varied street frontage is in fact the key to a development's quality.

A prime example of this has surfaced with PDS Group recently releasing a handful of high resolution images for 380 Lonsdale Street for which they will act as Project Manager and Superintendent.

<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/229.jpg" rel="gallery-all" title="Artist's perspective from Lonsdale Street. Image courtesy PDS Group"><img alt="" class="image-article-full-width-580px" height="909" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/229.jpg?itok=hCsmuD6b" title="Artist's perspective from Lonsdale Street. Image courtesy PDS Group" width="580"></a>

<figcaption>Artist's perspective from Lonsdale Street. Image courtesy PDS Group</figcaption></figure>So which is it? Height or quality? 380 Lonsdale Street proves in its most recent version you can have both. The Elenberg Fraser-designed tower may well stand at 217 metres when realised which is approximately 55 metres higher than the initial Spowers design.

Below is a comparison between the two designs highlighting the all-important ground level which shows the current Elenberg Fraser design to hold a higher level of interest, activity and greenery. Active glass frontages and green planters seek to replace uniform composite panels; both shroud above ground car parking yet one does so in a more aesthetically pleasing fashion.

There's no intended slight against Spowers, their version after all gained approval via the State Government, but there's little doubt that Elenberg Fraser's provides a heightened quality to the public domain.

<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/image4380.jpg" rel="gallery-all" title="Images courtesy PDS Group and spowers"><img alt="" class="image-article-full-width-580px" height="590" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image4380.jpg?itok=HdyQcqKp" title="Images courtesy PDS Group and spowers" width="580"></a>

<figcaption>Images courtesy PDS Group and Spowers</figcaption></figure>380 Lonsdale Street in its current form goes to show that the questions of height and quality aren't bound together in an inverse relationship. They are separate issues and should be treated as such.

Railing against buildings purely for their height serves no purpose to my way of thinking. Asking for alterations and/or rejecting planning applications based more so upon what they deliver or fail to deliver to the streetscape, or indeed what they replace is of more relevance than any question over height.
</body></html>

silvermb

Quality development begins at street level

<html><body>
Hiap Hoe have reinforced the trend of Asian-based developers proposing large-scale mixed-use developments within the City of Melbourne. Having <a href="/news/hiap-hoe-lets-go" target="_blank">purchased 380 Lonsdale Street during 2013</a>, the developer has turned to the ubiquitous Elenberg Fraser to deliver a new scheme.

Superseding an approved single 47 storey tower design delivered by Spowers for the previous owner, Elenberg Fraser have increased height, apartment yield, included a hotel and maintained the initial designs width, albeit over two towers rather than one. It's the tremendous width of the proposal (running from Lonsdale to Little Lonsdale) which has enabled Elenberg Fraser to apply an architectural facade treatment which sees ripples emanating from a low slung nexus between towers and podium.

<blockquote>
The revised proposal represents a landmark building of high architectural quality located in a prominent site within the city. It has been designed in a manner to be respectful of the character of the area and surrounding properties while making a notable contribution to the urban renewal and evolving character of this part of the CBD and will also support the various roles of the City Centre.
<cite>Urbis Planning Permit Amendment Application</cite>
</blockquote>

<h2>380 Lonsdale Street at a glance</h2>

<ul>
<li>Existing use: 6 storey commercial car park</li>
	<li>3,165sqm site</li>
	<li>South (Lonsdale) tower: 51 levels @ 166.5 metres</li>
	<li>North (Little Lonsdale) tower: 67 levels @ 217.5 metres</li>
	<li>728 apartments &amp; 312 suite hotel component: increased from initial 627 apartments</li>
	<li>Retail, function, office space and car parking through the 7-level podium</li>
	<li>Timothy Lane to become a connected arcade/thoroughfare</li>
	<li>Activation of adjoining Heape Court</li>
	<li>469 car parking spaces: reduced from 774</li>
	<li>822 bicycle spaces</li>
	<li>Total GFA: 109,448sqm</li>
</ul>
<a href="/news">&gt;&gt; See the revised 380 Lonsdale images within the dedicated forum thread</a>

<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/image5380.jpg" rel="gallery-all" title="The initial and revised 380 Lonsdale Street designs. Image © Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="512" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image5380.jpg?itok=1VmIBlpw" title="The initial and revised 380 Lonsdale Street designs. Image © Elenberg Fraser" width="580"></a>

<figcaption>Elenberg Fraser's initial and current 380 Lonsdale Street designs. Images © Elenberg Fraser</figcaption></figure><h2>Apartment divide</h2>

A graphic within the planning amendment application shows apartments have been categorised according to the dwellers status. 112 Residential Type 1 (owner occupier) apartments are located within the southern tower over levels 34-49 and are expected to consist of 64*1-Bed, 32*2-Bed and 16*2-Bed/2-Bath apartments.

Residential Type 2 (renter occupied) dwellings are limited to the taller northern tower with 616 apartments included. 224*1-Bed, 112*2-Bed and 280*2-Bed/2-Bath options constitute the apartment breakdown. Dividing the project into two towers categories by whether the occupant owns or rents the apartment isn't standard practice, although in this instance we assume the distinction is made due to the four star hotel within the southern tower and associated communal facilities use etc.

As part of the revised scheme no bedrooms will rely on borrowed light, improving upon the original design which town planner Urbis states would have been the case for many single bedroom apartments.

<h2>What's in a podium?</h2>

Elenberg Fraser have loosely maintained the form of the approved Spowers-designed podium structure, thus taking a step back from the unadorned uniform glass lines that have defined a number of their recent planning applications.

Two distinct volumes are kept in order to allow pedestrian access via a rejuvenated Timothy Lane, with a podium-top hotel swimming pool seemingly 'resting' across both built volumes. Transparent from beneath, the hotel pool will join mirrored cladding, pocket gardens, stone soffits, varied podium depths and active pedestrian frontages in bringing visual interest to the lower levels of the structure.

<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/image1380.jpg" rel="gallery-all" title="Images © Spowers &amp; Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="253" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/image1380.jpg?itok=77cSuNn0" title="Images © Spowers &amp; Elenberg Fraser" width="580"></a>

<figcaption>Images © Spowers &amp; Elenberg Fraser</figcaption></figure>As it stands Starwood Hotels &amp; Resorts have signed on to operate the southern Lonsdale tower hotel component under their Aloft brand, as was <a href="http://www.theaustralian.com.au/business/property/starwood-hotels-in-deal-with-singapore-real-estate-group/story-fn9656lz-1226800998921" target="_blank">reported</a> earlier this year. With essentially three quarts of the Lonsdale tower dedicated to hotel use alongside a relatively light 112 private apartments, Hiap Hoe could advance the initial tower to construction briskly post approval.

In addition Hiap Hoe and Melbourne-based Probuild currently have a partnership in place whereby the the latter will undertake the builds on both Hiap Hoe's current Melbourne projects, the other being <a href="/buildings/marina-tower-6-pearl-river-road-docklands" target="_blank">Marina Tower.</a>

<h2>380 Lonsdale Street project team</h2>

<ul>
<li>Client: Meteorite Development (Lonsdale Street) P/L on behalf of Hiap Hoe Ltd</li>
	<li>Architect: Elenberg Fraser</li>
	<li>Project Manager: PDS Group</li>
	<li>Town Planner: Urbis</li>
	<li>Landscape Architect: Oculus</li>
	<li>ESD Consultant: ARK Resources</li>
	<li>Traffic Consultant: Cardno Gorgan Richards.</li>
	<li>Wind Consultant: MEL Consulting</li>
	<li>Waste Consultant: Leigh Design</li>
	<li>Land Surveyor: Reeds Consulting</li>
	<li>Structural Consultant: Winward Group</li>
	<li>Services Consultant: Murchie Consulting</li>
	<li>Quantity Surveyor: Slattery Australia</li>
</ul>
</body></html>

Hiap Hoe supersize their 380 Lonsdale Street development

<html><body>
What better place to start than with a glimpse of Elenberg Fraser's most recent planning application at 248-280 Sturt Street, Southbank as seen above. Designed for property stalwart Hudson Conway, <q>The building form consists of two dominant floor plates that are connected by a transitional twist in the building.</q>
With its incredible form and monochromatic adaptive lighting, the 120 metre residential tower is more at home in a sci fi landscape rather than Southbank. Silver reflective glazing and polished stainless steel define its exterior - the tower smacks of cutting edge quality!
<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/Image2spy.jpg" rel="gallery-all" title="Image © Cottee Parker"><img alt="" class="image-article-full-width-580px" height="411" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image2spy.jpg?itok=svYPJyS_" title="Image © Cottee Parker" width="580"></a>
Above is the first public viewing of Cottee Parker's newest Melbourne tower, 605-613 Lonsdale Street. Adjacent to Upper West Side, this is Cottee Parker's fifth tower for the block with four more in planning directly opposite at 250 Spencer Street - all for Far East Consortium.
The 160 metre tower holds 399 apartments and carries some interesting design features such as exposed 'ribs' similar to those of Tower 5 in Docklands.
<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/Image3spy.jpg" rel="gallery-all" title="Image © dKO Architecture"><img alt="" class="image-article-full-width-580px" height="408" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image3spy.jpg?itok=4Ky0CP_6" title="Image © dKO Architecture" width="580"></a>
dKO Architecture also feature with their redefined scheme at 6-22 Pearl River Road, Docklands. Under the auspices of Singaporean developer Hiap Hoe, dKO have produced <q>A well designed mixed use village that is lively and interesting, has a coherent urban character and provides a signature building for the NewQuay Central Precinct.</q>
Gone is the precast northern tower, in its place a sleek 56 metre hotel tower. Carrying shades of Crown Metropol through the design, the reincarnation is of a high quality and inline with the slightly altered adjoining residential tower.
<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/Image1spy.jpg" rel="gallery-all" title="Image © Hayball"><img alt="" class="image-article-full-width-580px" height="324" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image1spy.jpg?itok=fBp4efg9" title="Image © Hayball" width="580"></a>
Last but not least is Hayball's Fishermans Bend quad tower proposal on behalf of Goodman Group. 850 Lorimer Street will feature four residential towers containing 1354 apartments, with two towers expected to peak at 145 metres.
Wedged between Mirvac's Yarra's Edge and the proposed <a href="/new-apartments/port-melbourne-vic-3207">351 Ingles Street</a> development, the scheme represents a departure from the humble precast concrete panel which visually define so many Hayball projects.
Watch for detailed articles outlining each of the planning applications in the weeks to come.
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I Spy... new planning applications

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News reports have flowed thick and fast of late detailing Melbourne's robust hotel sector. Recent <a href="http://www.afr.com/" target="_blank">AFR</a> articles show hotel occupancy rates have increased near 4% year on year, investors and operators hold bullish sentiments for the future while Melbourne maintains the lowest national major city room rate averaging $182 which ties in with affordability.

Via <a href="http://www.afr.com/p/business/property/hotel_demand_to_push_up_occupancies_kdQRdwJg9mlKSCZ9GH2HfL" target="_blank">this article</a> Deloitte suggests "In Melbourne, demand for rooms is forecast to outstrip new supply by 1.7 per cent over the next three years, pushing occupancies up to 85.7 per cent and room rates up to $209."

But what of the actual buildings which will deliver solely, or as part of a larger mixed-use development, the throng of new hotel suites destined for Melbourne? <a href="/news/5000-new-hotel-rooms-for-melbourne-continued">Continuing into tomorrow</a>, Apartments.com.au highlights 20 upcoming hotel developments located within the City of Melbourne.

<h2>Hiap Hoe the benchmark</h2>

<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/Image3_271.jpg" rel="gallery-all" title="Hiap Hoe's intended projects at Docklands and 380 Lonsdale Street. Images © DKO &amp; Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="331" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image3_271.jpg?itok=2bvm8B_h" title="Hiap Hoe's intended projects at Docklands and 380 Lonsdale Street. Images © DKO &amp; Elenberg Fraser" width="580"></a>

If one firm epitomises the faith in Melbourne's hotel sector, it's Hiap Hoe. Shortly after acquiring three development sites late last year worth $177 million, the Singaporean firm revealed a letter of intent was penned with Starwood's Asia Pacific Hotels &amp; Resorts to manage two of their Melbourne properties.

Four Points by Sheraton are slated to take naming rights over 6-22 Pearl River Road, located within Melbourne's Docklands while 380 Lonsdale Street (above right) will be home to Aloft Hotels once the project has been completed. A third property at 206 Bourke Street is currently subject to a preliminary design process, with concept renders depicting what looks to be a typically sleek Elenberg Fraser complex.

Together these developments will deliver near 1000 hotel rooms to Melbourne's inner core - impressive in both scale and speed of progression.

<h2>Top of the town</h2>

<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/Image4_23.jpg" rel="gallery-all" title="Windsor, 101 Flinders Lane and 27 Little Collins. Images © DCM &amp; Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="293" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image4_23.jpg?itok=QynI7Zz2" title="Windsor, 101 Flinders Lane and 27 Little Collins. Images © DCM &amp; Ryan Seychell" width="580"></a>

The grandeur of Melbourne CBD's east end is well documented so it's no surprise that many hotel operators are seeking a slice of the acation close to Spring Street. The trials and tribulations of the Windsor Hotel are well documented, although last week it was announced the 152 room expansion of the grand complex would proceed to construction late this year.

Nearby Sheraton at 27 Little Collins Street is well advanced into construction, yielding 175 rooms while other projects in the area include the expected redevelopment of Rosati's at 95-101 Flinders Lane into a 195 room hotel, QIC's redevelopment of Nauru House with plans including a 252 room hotel and of course the Palace Theatre redevelopment seeking 200 suites under the W Hotel brand.

<h2>Elsewhere in the CBD</h2>

<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/Image8_12.jpg" rel="gallery-all" title="William Street, The Forum and 180 Russell. Images © EF, Forum &amp; Buchan Group"><img alt="" class="image-article-full-width-580px" height="498" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image8_12.jpg?itok=zgKytTL6" title="William Street, The Forum and 180 Russell. Images © EF, Forum &amp; Buchan Group" width="580"></a>

There's no shortage of developers vying to land a hotel operator elsewhere in the CBD with 1500 additional rooms currently on the cards. Aside from Wyndham on William with 87 dwellings under construction as part of Hengyi's 199 William Street, six other aspirants have yet to solidify their intentions.

Biggest of all is Far East Consortium's intended redevelopment of 250 Spencer Street highlighted by 488 hotel suites over two towers. Elsewhere 131-141 Russell Street holds approval for 182 suites as does 110-112 Franklin Street with 129 rooms over a modest eight levels. Currently seeking approval is 386-412 William Street with 210 suites available as part of the mixed-use development. Ace Hotel Group have put themselves forward as a potential operator.

The two remaining proposals are also controversial given their sensitive locations. As part of a larger mixed use development AXF Group seek to add 200 hotel suites to their 280 metre replacement of the Total Car Park which has been <a href="/news/new-proposals-seek-to-join-the-200m-club" target="_blank">touched upon</a> by Apartments.com.au. Nearby Marriner Group have submitted plans for a 32 level hotel development behind a restored Forum Theatre. Both projects are still under planning consideration.

<a href="/news/5000-new-hotel-rooms-for-melbourne-continued">To be continued...</a>
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5000 new hotel rooms for Melbourne

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Melbourne finds itself in the midst of a development site buy-up unlike any the city has has experienced in the past.  Last week, news came to light about Singaporean developer, Hiap Hoe, purchasing not one but two strategic properties in Melbourne’s CBD which adds to their recent purchase of MAB’s development site located at 6-22 Pearl River Road in NewQuay only two months ago.

Last week initial announcement specified that Hiap Hoe purchased 380 Lonsdale Street in Melbourne which currently operates as a commercial car park, office and retail complex.  With a sale price of $43.8 million it's widely regarded as a premium 3,165 square metre CBD site which spans an entire city block near the corner of Lonsdale and Elizabeth Streets.  The site has been recently issued with a planning permit for a 46 storey mixed use tower designed by the prominent architecture firm Spowers which will incorporate a combination of residential, commercial and retail components valued at approximately $480 million. 

Following 380 Lonsdale Street's purchase, Executive Chairman and CEO of Hiap Hoe, Mr Teo Ho Beng was delighted with the company’s purchase.  “The opportunity to acquire a substantial core Melbourne CBD development site with an approved permit represents a strategic acquisition for our group.  We are delighted to not only have secured the site for future development but also to be able to acquire a holding such as this with an income that represents an income yield close to 6%, well suited to our future plans.” said Mr Teo Ho Beng.

Tracey Wun, the Executive Director of Hiap Hoe echoed the CEO’s sentiments and commented on the future development of the site.  “Active development for the 380 Lonsdale Street is a further 12 – 24 months away and will incorporate 627 apartments, 740 commercial and residential car parks with dynamic ground level retail to activate the street to encourage pedestrian thoroughfare into the building.”

<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/Hiap%20Hoe.jpeg" rel="gallery-all" title="380 Lonsdale Street. Image © Spowers. "><img alt="" class="image-article-full-width-702px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_full_width_702px/public/pictures/article-images/Hiap%20Hoe.jpeg?itok=uP5LEHnH" title="380 Lonsdale Street. Image © Spowers. " typeof="foaf:Image"></a>

Testament to Hiap Hoe’s ambitious and enthusiastic approach to their Australian expansion plan, a second announcement was made the very next day outlining Hiap Hoe's purchase of the established retail and commercial complex at <a href="http://206bourke.com.au/">206 Bourke Street.</a> Located close to Melbourne’s ever expanding retail core, three CBD train stations and well connected with trams along Bourke Street and Swanston Street, 206 Bourke Street will continue to be a central hub for locals and visitors. 

Speaking about their third acquisition, Mr Teo Ho Beng said “This acquisition of 206 Bourke Street has everything we were looking for in a long-term investment project in Melbourne – attractive yield in excess of 7%, high leasing rate at 98% in Melbourne’s Chinatown precinct, and the opportunity to expand with the interests of Melbourne to generate a high net return for all parties involved. 

Hiap Hoe believed the time was right to ‘green light’ the acquisitions because of two major contributing factors.  Firstly, the falling value of the Australian Dollar, which filliped the decision to take advantage of the better value by the movement in currency.  Secondly, and notably, the enormous injection of capital occurring in the immediate vicinity of 380 Lonsdale Street spearheaded by the $1.3 billion re-development of the former Melbourne Myer Department store soon to be opened and known as ‘Emporium Melbourne’ with an expected completion of March 2014.

The latest 380 Lonsdale Street acquisition is part of a highly tactical and well thought out campaign which has taken years in the making and is only now coming to fruition. The first move was in July 2013 when Hiap Hoe purchased their maiden property in Melbourne, a 3,795 square metre approved development site at 6-22 Pearl River Road in NewQuay.  The approved tower designed by <a href="/architects/dko-architecture">DKO architecture</a> has real potential to become an iconic tower for Docklands and Melbourne, making it to No. 2 on our recent <a href="/news/urban-com-aus-top-5-picks-approved-september-2013">Top 5 list of approved projects</a>.

<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/lbou6053v01village-206-bourke-street.jpg" rel="gallery-all" title="206 Bourke Street. Image © Floodslicer"><img alt="" class="image-article-full-width-702px" src="http://urbanmelbourne.info/sites/urbanmelbourne.info/files/styles/article_full_width_702px/public/pictures/article-images/lbou6053v01village-206-bourke-street.jpg?itok=GEMMhGby" title="206 Bourke Street. Image © Floodslicer" typeof="Image"></a>

Given the city's ranking as the world’s most livable city for the third year in a row, Hiap Hoe is enthusiastic about the development and growth potential Melbourne has to offer.  “Melbourne’s CBD receives more than 1 million international visitors per year and the number of weekday local visitors to the area is estimated to be approximately 825,000 visitors per day.  With the growing visitor numbers and no centrally located major developments in the vicinity, 380 Lonsdale Street is well placed to meet the needs of the ever-growing local population, business community, shoppers and visitors.”

Many recent property acquisitions have come via Asian property developers specifically from Malaysia, Singapore and China that are cashed up and ready to try their hand at Melbourne’s burgeoning property development scene. This is certainly very encouraging for our local economy and construction industry when vast flows of investment are being directed squarely at Melbourne. All we have to say is there is more to come, and you can bet that UrbanMelbourne.info will be here so you will be up to date with all the latest in Melbourne’s urban development progression.
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