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

OSK Property

If you're in search of an apartment in Southbank, Melbourne Square is likely on your radar. The $2.8 billion master plan precinct by OSK Property Group is making waves, with its latest stage, Boulevard, redefining urban living. In this article, we'll take you through a virtual tour, providing insights into the design, amenities, and unique features that set Boulevard apart.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/ALHDNjP-Oxo?si=l28q5qJV1PLi6jm-" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

[smartcode_project_cta:default project_id=107714]

Unparalleled Design by Cox Architecture: Boulevard stands tall at 73 levels, a geometrically intricate curved building designed by Cox Architecture. This design allows numerous apartments to enjoy breathtaking, uninterrupted views of Melbourne's CBD, the Royal Botanic Gardens, Albert Park Lake, and Port Philip Bay. The location within Melbourne Square ensures proximity to the Arts Precinct, Flinders Station, and the South Melbourne markets.

Exquisite Interiors by Carr: OSK Property enlisted Carr, one of Melbourne's most decorated design firms, to manage the interiors. From one-bedroom apartments to the expansive options, each residence boasts beautifully restrained and timeless interior architecture. Gallery residences feature integrated Bosch appliances, while the premium Domain Collection includes Gaggenau appliances, natural stone finishes, and Toto toilets in bathrooms.

[smartcode_project:default project_id=107714 project_image_fid=214122]

Unique Loft-Style Residences: Boulevard introduces a rarity in Melbourne's real estate - loft-style residences. Crafted in collaboration between Carr and Cox Architecture, these unique offerings add a distinctive touch to Melbourne Square.

Lifestyle Beyond Living: Boulevard isn't just a place to live; it's a lifestyle. Residents benefit from Melbourne Square's established precinct, featuring a supermarket, bottle shop, restaurant, cafe, childcare center, and a vast park. The health and wellness offerings in Boulevard include a gym, a 25-meter swimming pool, spa, zen garden, golf simulator, cinema room, and more.

Sky-High Luxuries: Occupying the 55th level, The Horizon dining rooms offer unbeatable views, while the co-working space and Sky Club on levels 55 and 56 provide exclusive amenities for premium residences. Luxurious lounges, cocktail bars, private dining rooms, and additional gyms elevate the living experience to new heights.

[smartcode_project:default project_id=107714 project_image_fid=218319]

Smart Technology and Sustainability: Boulevard incorporates smart technology throughout, enhancing the resident experience. Designed with sustainability in mind, it's one of Australia's first residential projects pursuing WELL Pre-Certification for healthy living. Optimum access to natural light, thermal comfort, and indoor air quality are key considerations.

OSK Property Group's Legacy: Founded in 1997 in Malaysia, OSK Property Group has garnered a string of awards for its developments in both Malaysia and Australia. Melbourne Square has already received accolades, including the Best Mixed-Use Development and Best High-Rise Architecture Awards at the Asia Pacific Property Awards.

[smartcode_project:default project_id=107714 project_image_fid=218317]

Conclusion: Boulevard at Melbourne Square isn't just a residence; it's a lifestyle choice. With its unmatched design, top-tier amenities, and a commitment to sustainability, it sets a new standard for luxury living in Southbank. If you're considering making Boulevard your home, Urban can help you connect with OSK Property Group.

[smartcode_project_cta:default project_id=107714]

[smartcode_project:default project_id=107714 project_image_fid=214124]

Embark on a virtual journey through luxury with our exclusive video tour of Melbourne Square's Boulevard. Discover the $2.8 billion masterpiece by OSK Property Group, where design meets lifestyle in the heart of Southbank. From the geometrically intricate architecture by Cox Architecture to the timeless interiors crafted by Carr.

Staff Writer

Discover the Luxury Living Experience at Melbourne Square's BLVD: A Comprehensive Video Tour

It&rsquo;s been nearly two years of rolling lockdowns, but Melbourne is officially open for business. Not just to residing Melburnians, but to interstate travellers, office workers, and the rest of the world, all factors which contribute to experts&rsquo; belief that inner-city apartment prices are ripe for growth.

Buyers wanting to secure an apartment in the City of Melbourne LGA, which includes the CBD as well as popular surrounding areas of Southbank, Dockl​ands, Carlton and North Melbourne, <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions">can save 50% in stamp duty</a> on new&nbsp;apartments&nbsp;worth up to $1 million.&nbsp;If the property has been on the market for more than 12 months, then stamp duty is waived completely.

But the expectation is prices will have jumped significantly by then. Despite the pitfalls of 2021, from lockdowns, lack of interstate and international travel, and the exodus of office workers from the CBD for the best part of nine months, the median apartment value in the City of Melbourne LGA is still up 7.5 per cent year to date, research from property data firm CoreLogic shows.

Scott Jessop, the sales and marketing director at OSK Property who is currently developing the $2.8 billion mixed-use precinct <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> in <a href="/new-apartments/southbank-vic-3006">Southbank</a>, said there&rsquo;s been a major uptick in enquiry volumes since Melbourne&rsquo;s lockdown was lifted.

[smartcode_project:default project_id=2929 project_image_fid=139891]

&ldquo;Since mid-October we&rsquo;re trending up week on week,&rdquo; Jessop says, adding that there&rsquo;s been activity from across the board, from buyers walking in to display suites to those making appointments.

Jessop says he just dealt with a foreign purchaser who is buying for his daughter who is studying in Melbourne. &ldquo;I haven&rsquo;t seen one of those transactions in over 18 months&rdquo;, Jessop says, expecting that he will be seeing more as international students return.

&ldquo;The combination of the generous stamp duty concessions, the continued affordability gap between house prices and apartments, and the reactivation of the CBD, will no doubt see growth ahead.

&ldquo;A perfect storm is coming for the Melbourne apartments, it&rsquo;s just a matter of when.&rdquo;

[smartcode_project:default project_id=2929 project_image_fid=137896]

Jessop says as demand grows, developers are likely to reduce the incentives that they are currently offering buyers. Buyers of apartments at <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> can save up to $120,000 on an apartment with an average sale price of $850,000. The savings include the government stimulus and a range of free incentives such as furniture packages and design stylist consultations.

Dennis Wilson, the managing director of <a href="/developers/central-equity">Central Equity</a> who is currently selling <a href="/buildings/focus-melbourne-81-city-road-southbank">Focus</a>, the soon to be complete 600-apartment Southbank apartment tower, and the completed <a href="/buildings/melbourne-grand-560-lonsdale-street-melbourne">Melbourne Grand</a>, Lonsdale Street apartments, expects the City of Melbourne to bounce back strongly in 2022.&nbsp;

[smartcode_project:default project_id=3260 project_image_fid=62353]

&ldquo;The federal and state governments are working to open borders and increase business migrant intakes, stimulate the tourism industry, re-invigorate major events and welcome back international students. The City of Melbourne should be a beneficiary of this,&rdquo; Wilson says.

The general consensus is that buyers are coming back from the surrounding suburbs, having spent the last few years outside of the city.

&ldquo;As well as seeing buyers already living in the inner-city, we are seeing interest from people who are looking to move from the suburbs, wanting to be closer to their workplace as offices reopen, shops and all the conveniences that come with inner city living,&rdquo; Wilson added.

&ldquo;For many the inner city is a more affordable option than living in their existing suburbs.&rdquo;

[smartcode_project:default project_id=3260 project_image_fid=62320]

Elysa Anderson, General Manager of Residential Victoria at <a href="/developers/mirvac">Mirvac</a>, said the Mirvac team is focused on accelerating their supply of high-quality apartments in Melbourne, as they anticipate a shortage of owner-occupier residences in premium locations in the future.

&ldquo;We anticipate Victoria&rsquo;s population growth and demand for apartments to continue to strengthen in line with the Victorian Government&rsquo;s Roadmap to Recovery and various state budget stimulus packages,&rdquo; Anderson said.

&ldquo;The strength of the established housing market and the opening up of international borders will continue to drive very strong demand for well-designed and quality constructed apartments,&rdquo; Anderson added.

[smartcode_project:default project_id=3494 project_image_fid=180326]

Mirvac has tweaked the design of Tower 9, in their master-planned Yarra&rsquo;s Edge precinct in the burgeoning Docklands&nbsp;area.

The ASX-listed developer saw a considerably stronger market for their projects in 2021 than in 2020, with <a href="/buildings/voyager-docklands-103-south-wharf-drive-docklands-vic-3008">Voyager</a>, the recently completed eighth tower in Yarra&rsquo;s Edge, seeing a 20 per cent increase in the first half of 2021 compared to the same period the year before.

[smartcode_project:default project_id=3494 project_image_fid=167751]

Around 80 per cent of the buyers were owner-occupiers, but Anderson says they are seeing investors slowly creep back in.

&ldquo;Investors have begun to return to the market, primarily focused on master planned communities but demand is also gathering pace in the apartment markets.&quot;

For more information on stamp duty savings in the City of Melbourne,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions&amp;source=gmail&amp;ust=1637718410495000&amp;usg=AOvVaw3WoR6xmIwVttUthAfW2SKq" href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-city-melbourne-residential-property-transactions" target="_blank">read more here</a>.

The suburbs that can save on stamp duty:

<a href="/new-apartments/kensington-vic-3031">Kensington</a>,&nbsp;<a href="/developments/north-melbourne-vic-3051">North</a><a href="/developments/north-melbourne-vic-3051"> Melbourne</a>,&nbsp;<a href="/new-apartments/parkville-vic-3052">Parkville</a>,&nbsp;<a href="/new-apartments/carlton-vic-3053">Carlton</a>,&nbsp;<a href="/new-apartments/east-melbourne-vic-3002">East Melbourne</a>,&nbsp;<a href="/new-apartments/south-wharf-vic-3006">South Wharf</a>,&nbsp;<a href="/new-apartments/southbank-vic-3006">Southbank</a>,&nbsp;<a href="/new-apartments/docklands-vic-3008">Docklands</a>,&nbsp;<a href="/new-apartments/melbourne-vic?bedroom-prices2=1000000&amp;any-bedrooms=1&amp;bedrooms%5Bvalue%5D=1&amp;bedrooms%5Bvalue2%5D=5&amp;any-bathrooms=1&amp;bathrooms%5Bvalue%5D=1&amp;bathrooms%5Bvalue2%5D=3&amp;any-parking=1&amp;parking%5Bvalue%5D=1&amp;parking%5Bvalue2%5D=4">Melbourne</a>,&nbsp;<a href="/new-apartments/west-melbourne-vic-3003">West Melbourne</a>.

Parts of <a href="/developments/flemington-vic-3031">Flemington</a>, <a href="/developments/carlton-north-vic-3054">Carlton North</a>, <a href="/developments/port-melbourne-vic-3207">Port Melbourne</a>, and <a href="/new-apartments/south-yarra-vic-3141">South Yarra</a> are also eligible&nbsp;for stamp duty concessions.

Buyers wanting to secure a new apartment in the City of Melbourne can save 50% in stamp duty on properties under $1 million.


Why now is the right time to buy a Melbourne inner-city apartment: What the experts say

As more buildings go up in Australian cities, the amenities lists become more creative and more extensive. However, OSK Property&#39;s Melbourne Square continues to impress, with its grand opening showcasing an exceptional selection akin to a luxury resort.&nbsp;

Urban was invited to personally tour the development, where we got to see first-hand the quality and care that has gone into all aspects of design, right through to craftsmanship. What stands on site today is a development that will offer its residents a home sanctuary where fitness, relaxation, and well-being are easily achieved thanks to the suite of amenities just seconds from their home.&nbsp;

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="2000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/be2103_melb_square-web_3k-052.jpg" width="3000" /></a>

OSK Property Sales &amp; Marketing Director, Scott Jessop, explains how exciting the launch is for the team who have seen the development take shape over the past four years.&nbsp;

&ldquo;It has been an incredibly exciting journey to see our vision for Melbourne Square come to life over the past four years. While last year had its challenges, it was immensely rewarding to see our parkland and Woolworths supermarket playing a supporting role for the public during a time of uncertainty. 

The amount of visitation they have both seen in a short timeframe is quite amazing. Melbourne Square aims to deliver an elevated lifestyle experience for residents while championing the concept of a two-minute neighbourhood. 

Further to this, we have been thrilled to watch how seamlessly the project has anchored itself in the broader Southbank community.&rdquo;

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank"><img alt="" height="2000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/be2103_melb_square-web_3k-018.jpg" width="3000" /></a>

The $2.8 billion mixed-use development has been designed by COX Architecture and includes an expansive new public park, a full-line supermarket and a childcare centre.

Civil works commenced in 2017, with Multiplex delivering a development that is an exact depiction of the luxurious marketing renders &ndash; setting the bar high for the delivery of the precinct over the coming years.&nbsp;

Residents of Melbourne Square will never tire of the amenities on offer &ndash; there are so many we didn&#39;t even have time to view them all on our tour, which is pretty impressive in itself.&nbsp;

Recently opened amenities include:

<ul>
	<li>An indoor pool with uninterrupted views spanning the Melbourne eastern skyline</li>
	<li>A sauna and yoga studio for ultimate relaxation</li>
	<li>Fully equipped professional gymnasium</li>
	<li>Private dining areas and kitchen facilities perfect for holding events</li>
	<li>Games areas, including Mahjong rooms, table tennis and billiards rooms</li>
	<li>A state-of-the-art golf simulator</li>
	<li>A music room perfect for practice or jam sessions</li>
</ul>

[smartcode_project:default project_id=2929 project_image_fid=137897]

Olivia Round

Urban resort-style paradise: OSK Property and Multiplex celebrate Stage One completion of Melbourne Square with the grand opening of their exquisite amenity levels

Recently we were invited to view the latest Melbourne Square display home, as part of the Life &amp; Style Edition. The new displays feature 4 distinct design themes, Manhattan, Bondi, Paris and Soho which have been curated by the talented team at Coco Republic.

Check out our video tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/-i-oTrEfCMQ" width="660"></iframe>

<h2>MELBOURNE SQUARE AT A GLANCE</h2>

Developer:&nbsp;OSK Property

Location: 93-119 Kavanagh Street, Southbank VIC 3006

Number of residences: 1054

<img alt="" data-entity-type="" data-entity-uuid="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melbourne_square_lounge_0.jpg" width="2000" />

Melbourne Square has been architecturally designed by Cox Architecture, with interiors by designer Sue Carr, creating intelligently crafted spaces which make the most of the spectacular city views on offer.

Kitchens feature marble block island benches, with Kohler tapware, offering a luxurious secondary dining space. State-of-the-art Miele appliances include 5-burner gas hobs and DynaCool refrigeration.&nbsp;&nbsp;

The display we're viewing is The Manhattan, which offers a sophisticated dark palette, while the Bondi has a coastal feel, Paris boasts timeless luxury and Soho showcases monochromatic industrial style.&nbsp;

All bathrooms include a semi-frameless shower, concealed cisterns, ample storage and modern tapware, with large mirrored cabinets above the dual vanities.&nbsp;

Each bedroom boasts a stunning view of the city via floor-to-ceiling glazing, with plenty of built-in wardrobe space and integrated heating and cooling. Master suites offer a unique panoramic city vista so you can go to sleep watching the sparkling Melbourne city lights, and with the flick of a switch, you can extend the automated block-out blinds. Master suites also include extra spacious walk-in wardrobes and bespoke study nooks, giving you the freedom to work from home.

For a limited time, buyers can secure a Life &amp; Style Edition package, which includes stunning Coco Republic furniture, integrated DARWIN by Delos wellness technology, Samsung white goods and a voucher for The Plant Society.&nbsp;

To learn more about Melbourne Square or to visit the display suite, request a call from an OSK Property sales consultant via Urban today.&nbsp;

Urban's tour of the Melbourne Square display suite

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Congratulations are in order for the <a href="/developers/osk-property">OSK Property</a>, <a href="/architects/cox-architecture">Cox Architecture</a>, <a href="/architects/carr-design">Carr</a>, T.L.C and Sinclair Brook teams for an impressive double win at the 2019/20 Asia Pacific Property Awards. <a href="/">Apartments.com.au</a> reported on OSK Property’s nominations for their <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">latest six-tower development</a> Melbourne Square <a href="/news/osk-property-s-melbourne-square-gains-double-nomination-for-prestigious-international-property-awards">back in March this year</a>, when the project was still in early stages of construction. The team were awarded best ‘Mixed-use Development’ and ‘Residential High-Rise Architecture’ at the ceremony held in Bangkok recently.

The $2.8 billion project was put under the scrutiny of 80 industry professionals, including members of the UK’s House of Lords – Lord Caithness, Lord Best, The Earl of Liverpool and Lord Thurso.

Previous winners of the prestigious awards include London’s iconic Kings Cross Gasworks, the Royal Academy of Music and Heathrow Airport.

<blockquote>
“This award places Melbourne Square among some of the world’s most significant projects that have redefined the bounds of architecture and reinvigorated city precincts. It is a rarity to be recognised for two awards - we are most proud of this achievement and hope that our future occupants share our excitement at these wins.”
</blockquote>

Tan Sri Ong Leong Huat, Chairman of OSK Property

Melbourne Square was selected due to the clever design approach to creating a truly integrated precinct, featuring public spaces available for community use, childcare facilities, hotel, residential, office and retail spaces.

<blockquote>
“Melbourne Square will not only deliver a beautiful addition to Melbourne’s skyline but provide transformative public space that residents and the surrounding community will be able to enjoy as part of the enhanced arts precinct.”
</blockquote>

Tan Sri Ong Leong Huat, Chairman of OSK Property

<div class="rtecenter">RELATED ARTICLES</div>

<div class="rtecenter"><a href="/news/osk-property-pushes-a-living-aspect-not-normally-associated-with-southbank">OSK Property pushes a living aspect not normally associated with Southbank</a></div>

<div class="rtecenter"><a href="/news/q-a-with-osk-propertys-ju-yan">Q &amp; A with OSK Property's Ju Yan</a></div>

<div class="rtecenter"><a href="/news/soil-turns-on-stage-1-of-melbourne-square-as-piling-nears-completion">Soil turns on Stage 1 of Melbourne Square as piling nears completion</a></div>

<h2>Melbourne Square’s current status at a glance:</h2>

<ul>
<li>The first stage (1,054 <a href="/new-apartments">off-the-plan</a> apartments) are 75% sold</li>
	<li>19 apartments worth a total $32 million have been combined into 9 ‘super-homes’ as buyers purchase multiple properties within the complex</li>
	<li>New ‘Couture Series’ apartments have been released and will include 3, 4 and 5-bedroom configurations on levels 55 through 68</li>
	<li>Luxury penthouses have been built on levels 67 and 68, with the option to combine them into a 1,200 square metre retreat for a cool $25 million</li>
	<li>Construction on both towers is underway</li>
	<li>
<a href="/builders/multiplex">Multiplex</a> has recently completed level 21 of the core, and level 15 of the slab, as well as extensive glazing on lower levels</li>
	<li>Melbourne Square’s public park is also under construction (due to open late 2019)</li>
</ul>
<h2>APARTMENT DESIGN RENDERS</h2>
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OSK Property’s double win for Melbourne Square at Asia Pacific Property Awards

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UPDATE MAY 2019: OSK Property won both awards! <a href="/news/osk-property-s-double-win-for-melbourne-square-at-asia-pacific-property-awards">Read more here</a>.

<a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">OSK Property’s six-tower development</a> is likely to draw attention to Southbank, having been nominated in two categories for the acclaimed 2019/20 International Property Awards.

Although the development is still very much a construction site, that hasn't stopped Melbourne Square from submitting for best 'Mixed-use Development’ and ‘Residential High-Rise Architecture’.

<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/melbournesquare1_0.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbournesquare1_0.jpg?itok=3buCqjzO" width="580"></a>

<figcaption>Melbourne Square. Credit: OSK Property</figcaption></figure>Since the site is within an urban regeneration zone, OSK Property placed importance on creating a public-orientated precinct where residential property, childcare facilities, retail outlets and large outdoor spaces were accessible to all.

<blockquote>
“We have done everything that we can to create the best public realm in Melbourne within our development, and it’s right in the heart of Southbank.”

- Tan Sri Ong Leong Huat, Chairman of OSK Property
</blockquote>

Tan Sri Ong Leong Huat also mentioned that Cox Architecture was to be commended for creating buildings that will "enhance the beauty of Melbourne’s skyline".

The $2.8 billion development features a 3745m2 park, designed by renowned landscape architectural firm Taylor Cullity Lethlean (TCL). Noted as one of the largest architecturally significant green spaces in Southbank, the park highlights will include a European-inspired piazza, a cascading waterfall and an outdoor terrace. 

<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/melbournesquare2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/melbournesquare2.jpg?itok=921XHfvp" width="580"></a>

<figcaption>Melbourne Square Park. Credit: OSK Property</figcaption></figure><blockquote>
"It will be an important destination, delivering benchmark sustainable urban design, and a place for people to live, work and play, with the park drawing people from across the city in. The brief was focused on creating an opportunity for residents of Melbourne Square but also local residents and the public in Southbank to engage with nature.” 

- Lisa Howard, TCL director
</blockquote>

Stage one of the <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a> development will introduce the park, a new Woolworths supermarket, childcare and retail, as well as two luxury apartment towers and is due for staggered completion from late 2019. 

Future stages will include a Hilton branded hotel, a commercial office tower and a further two residential towers, with further details expected to be released in coming months.

Finalists of the International Property Awards will be announced in Bangkok this May and will be invited to compete for global recognition. Previous winners include the likes of London’s landmark Kings Cross Gasworks apartments, the Royal Academy of Music and Heathrow Airport.
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OSK Property’s Melbourne Square gains double nomination for prestigious International Property Awards

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Think Southbank and invariably images of skyscrapers...and high-rise apartment living come to mind.

Podium living is not necessarily on the agenda for much of the suburb, given less sophisticated designs of the past and the less than ideal ground conditions which necessitate car parking above ground level. So it is somewhat of a surprise that the developer behind Southbank's Melbourne Square development is championing the living credentials of its lower-set apartments.

It does of course help when Melbourne Square comes with its own 3,700 square metre park to which these apartments will front.

Developer OSK Property is making a pitch for families and downsizers by championing its overly large terrace-style apartments found across the lower levels of Melbourne Square. The large format apartments overlooking the development's park include sizeable outdoor areas and leafy north-facing outlooks; a selling point which OSK Property points out is unique for Southbank.

<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/image65_4.jpg" rel="gallery-all" title="Melbourne Square's park is a development focal point"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image65_4.jpg?itok=uUdO5_wx" title="Melbourne Square's park is a development focal point" width="580"></a>

<figcaption>Melbourne Square's park is a development focal point</figcaption></figure>The terrace dwellings span up to 125 square metres in size and are set across levels two to seven. Over these levels, apartment views will be monopolised by a green outlook rather than the skyscrapers beyond; a unique selling point in the eyes of OSK Property.

Melbourne Square's park is designed by landscape architects Taylor Cullity Lethlean with Cox Architecture responsible for the project's overall appearance.

Cox Architecture Director Paul Curry said of the design: “Terrace apartments are extremely popular due to the families moving back into CBD-style locations and downsizers wanting to maintain that relationship with the outdoors that you usually only get in a house. With the rise in the wellness movement, more people are also prioritising being closer to nature, which these podium-based apartments achieve via their location but also through their own abundant outdoor areas that can be landscaped.”

Owing to the size of the development site, near on 20% of Melbourne Square will be considered public realm.

TCL managing director Perry Lethlean<a href="https://architectureau.com/articles/designs-for-melbourne-square-public-park-released/"> noted on ArchitectureAU</a> that: "The park [will be] part of a network of gardens inspired by Melbourne’s iconic Royal Botanic Gardens and qualities from other cities such as Paris, Berlin and Spain. It’s about creating opportunities for residents of Melbourne Square and other buildings in Southbank to engage with nature.”

Melbourne Square’s podium will include 6 one, 72 two and 13 three bedroom apartments.

<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/image66_7.jpg" rel="gallery-all" title="Melbourne Square's construction progress during May. Image: Ryan Seychell"><img alt="" class="image-article-full-width-580px" height="373" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image66_7.jpg?itok=YHRxg67v" title="Melbourne Square's construction progress during May. Image: Ryan Seychell" width="580"></a>

<figcaption>Melbourne Square's construction progress during May. Image: Ryan Seychell</figcaption></figure>Two residential towers are in their construction infancy, and will be supported by a podium top garden on level eight which includes a pool with an infinity edge and private cabanas. Private dining rooms with kitchen facilities, a theatre, sun terrace, music room, table tennis room, gym, sauna, steam room, yoga studio and golf simulator form the balance of Melbourne Square's amenities.

From a public perspective, the development will see a full-line Woolworths supermarket, childcare centre and retail/dining options, in addition to the park.

OSK Property Chairman Mr Tan Sri Ong Leong Huat, said Melbourne Square's green seting: “We are very proud of these exceptional apartments that offer an indoor/outdoor lifestyle previously unattainable so close to the city. “We have sought to create the foundation of a rich community for Southbank with access to unprecedented amenity and a green gateway in addition to the nearby arts precinct, sporting precinct, Botanic Gardens, Crown entertainment centre and CBD, which are all a short stroll away.”

Multiplex will take the first phase of Melbourne Square to completion by late 2020.
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silvermb

OSK Property pushes a living aspect not normally associated with Southbank

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Urban.com.au was on hand late last week for the soil turning ceremony for the first stage of OSK Property's $2.8bn Melbourne Square project, which marked the official commencement of construction by head contractor Multiplex. 

Designed by Cox Architecture, Melbourne Square is <a href="/buildings/melbourne-square-93-119-kavanagh-street-southbank">one of the largest development projects in Victoria</a>, and will feature six mixed-use towers of varying heights and programme, in addition to a new 3,700 sqm public park for Southbank, which will also be delivered as part of stage one.

Already at the time of writing, 95% of piling for stage one has been completed, with the tower structures becoming apparent in coming months.

<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/melbourne-square-park.jpg" rel="gallery-all" title="Melbourne Square's 3,700 sqm public park will provide much needed open space for Southbank residents. Image : Floodslicer"><img alt="" class="image-article-full-width-580px" height="266" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/melbourne-square-park.jpg?itok=Z6UUXUm8" title="Melbourne Square's 3,700 sqm public park will provide much needed open space for Southbank residents. Image : Floodslicer" width="580"></a>

<figcaption>Melbourne Square's 3,700 sqm public park will provide much needed open space for Southbank residents. Image: Floodslicer</figcaption></figure>Over 7,000 tonnes of steel and 50,000 cubic metres of concrete will be used in the first stage of construction, with the workforce expected to peak at approximately 600 people. 

Stage one of Melbourne Square comprises two residential towers of 54 and 69-storeys accommodating 1,048 apartments and delivering essential amenity and services to Southbank residents.

This includes the delivery of a retail precinct incorporating shopping, dining and café facilities as well as Southbank’s first full-line supermarket, through a recently announced deal with Woolworths who will occupy 3,800 sqm over two levels.

The ambitious project will play a pivotal role in bringing much-needed community amenity to Southbank, with the entire city block revitalised to become a vibrant vertical village and deliver much-needed green open space and services to the precinct.

COX Architecture's design for stage one is characterised by fully glazed pleated towers highlighted by a dramatic shard element at level 54. The unique pleated facade provides a bay window type feel with the added effect of widening the external views and maximizing natural light.

<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/melb_square_shard.jpg" rel="gallery-all" title="The two towers which form stage one feature fully glazed pleated facades. Image : Floodslicer"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/melb_square_shard.jpg?itok=B6T2BiiB" title="The two towers which form stage one feature fully glazed pleated facades. Image : Floodslicer" width="580"></a>

<figcaption>The two towers which form stage one feature fully glazed pleated facades. Image : Floodslicer</figcaption></figure>Speaking about OSK Property's vision for the Melbourne Square project OSK Group's executive chairman Tan Sri Ong Leong Huat remarked that the intent was to create "a fully integrated iconic project" that provided a memorable entry experience for visitors coming from Melbourne airport - "a symbol, a landmark". 

Tan Sri added that very early on the development team worked closely with DELWP and City of Melbourne to create a vision for the site that met their expectations and adhered to planning requirements, and provided another landmark for Melbourne that "blended in with the city."

Melbourne Square will add to Southbank's growing list of green spaces joining the new expanded park at the former Boyd School, Sturt Street spine, Southbank Boulevard linear park and improvements to City Road.

Stage one of Melbourne is due for completion in October 2020. A hotel operator and tenant(s) for the commercial tower are being finalised with an announcement expected in the 2nd quarter of 2018.

<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/20180322_102940.jpg" rel="gallery-all" title="Piling nears completion as construction proper is set to get underway. "><img alt="" class="image-article-full-width-580px" height="435" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/20180322_102940.jpg?itok=SOYAByvD" title="Piling nears completion as construction proper is set to get underway. " width="580"></a>

<figcaption>Piling nears completion as construction proper is set to get underway.</figcaption></figure><h2>What they say</h2>

<blockquote>
We are excited to see Melbourne Square come to life. The project will breathe life into an area that is already a coveted location within walking distance of the CBD, Southbank arts precinct, Royal Botanic Gardens and the Crown entertainment precinct. We are also delighted to be able to do our part in providing much-needed amenity to the Southbank community.

- Tan Sri Ong Leong Huat, Executive Chairman of OSK Group
</blockquote>

 

<blockquote>
We’re pleased that we’ll soon be able to offer local residents the convenience of a supermarket that will include all the usual features our customers have come to expect. From fresh fruit and vegetables to a large range of grocery items at great prices, those living in the area will be able to pick up all their shopping essentials, without needing to travel too far.

- Brad Karge, Woolworths’ State Property Manager
</blockquote>

 

<blockquote>
We’re pleased to kick off the construction process on what is set to be one of Central Melbourne’s most exciting new developments. It will be a busy three years ahead to bring Melbourne Square to life and we’re looking forward to working closely with OSK Property in its delivery.

- Graham Cotton, Multiplex Victoria’s Regional Managing Director 
</blockquote>
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Laurence Dragomir

Soil turns on Stage 1 of Melbourne Square as piling nears completion

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A new 3,800 square metre dual-level Woolworths is headed for Southbank.

Melbourne Square will host the Woolworths as part of a larger 6,000 square metre retail zone that will feature shopping, dining and cafe facilities in a European-inspired, piazza-style setting. As Southbank’s first full-line supermarket, it will also go some way to alleviating the needs of the hundreds of new residents that move into the high-density suburb each year.

Stage One of Melbourne Square will also see a new public park spanning 3,700 square metres created, satisfying developer OSK Property's bid to have Melbourne Square become the benchmark development for amenity and services on Southbank.

When fully completed Melbourne Square will include approximately 15,000 square metres of retail, services, amenity and open space across its ground/podium levels. 

<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_7319_0.jpg" rel="gallery-all" title="The site as of this week"><img alt="" class="image-article-full-width-580px" height="400" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_7319_0.jpg?itok=o5231Ixh" title="The site as of this week" width="580"></a>

<figcaption>The site as of this week</figcaption></figure><h2>What they say</h2>

<blockquote>
Southbank’s population is expected to exceed 50,000 by 2036, which is 174 per cent higher than the current population.

It is essential that the community is able to access basic everyday amenity so that the area’s expanding population can be adequately accommodated. We know Southbank residents have been waiting for a full-line supermarket in their local area and we are happy to be able to provide this much-needed amenity, along with other amenities for the community.

This is in line with our vision to create an integrated mixed-use lifestyle precinct for Melbourne Square residents and the Southbank community
<cite>Executive Chairman of Malaysian developer OSK Property, Tan Sri Ong Leong Huat</cite>
</blockquote>

<blockquote>
We’re pleased that we’ll soon be able to offer local residents the convenience of a supermarket that will include all the usual features our customers have come to expect. From fresh fruit and vegetables to a large range of grocery items at great prices, those living in the area will be able to pick up all their shopping essentials, without needing to travel too far.
<cite>Woolworths’ State Property Manager Brad Karge</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/image240.jpg" rel="gallery-all" title="Phase One of Melbourne Square. Image: Planning &amp; Property Partners"><img alt="" class="image-article-full-width-580px" height="793" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image240.jpg?itok=Iu3JKD79" title="Phase One of Melbourne Square. Image: Planning &amp; Property Partners" width="580"></a>

<figcaption>Stage One of Melbourne Square. Image: Planning &amp; Property Partners</figcaption></figure>Builder Multiplex has an August 2020 scheduled completion date for Stage One of Melbourne Square; the new Woolworths will open at this point.

The retail component will sit below two residential towers of 54 levels and 69 levels respectively, which amount to 1,043 new residential apartments for Southbank. Multiplex have Stage One valued at $490 million.

Ultimately the Woolworths will cater for an altogether larger development with OSK Property holding a permit to create four additional towers. Another two residential towers are planned, with the taller reaching 73 levels; total apartment numbers across Melbourne Square are permitted at 2,160.

A commercial tower and hotel are also slated for the 5-acre, Cox Architecture-designed mixed-use development.
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Southbank's largest development gains some retail clout

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In light of Malaysia's OSK Property preparing to begin works on the massive Melbourne Square development on Southbank, Apartments.com.au took the opportunity to chat with the developer's Managing Director, Ju Yan.

Covering all things Melbourne Square and the firm's grander Australian intentions, the interview transpired as follows:

UM: What prompted OSK to enter Melbourne as the first international venture for the company?

JY: As we embarked on our overseas expansion, we studied various market opportunities in several countries, and concluded that Australia is the most attractive market for OSK to grow for the long term.

We decided on investing in Melbourne because of the strong fundamentals of the market. Melbourne is a world-class city that has a strong economy, well-planned urban infrastructure, a great education system, quality healthcare, as well as a rich cultural and sporting scene. It is really no wonder that Melbourne has been named the world’s most liveable city for seven years in a row.

As the population in Melbourne grows, we believe that there will be growing demand for more quality urban housing, and Melbourne Square is our response to that market demand.

We believe that there is strong demand for a high-quality product that has unique amenities in the heart of Melbourne.

UM: How will OSK attract owner occupiers to an area which has traditionally delivered stock that is more investment grade?

JY: We’ve taken a conscious view to design a precinct that caters to owner occupiers by including amenities and design for an enhanced lifestyle.

Melbourne Square’s master plan provides for four residential towers, one commercial office tower and a hotel, with an active street-level retail offering surrounding a beautiful urban park. In stage one of our development, we will be delivering a 3,700 square metre park for the community in Southbank.

Within the development we will have a full-line supermarket, a childcare centre, alongside a unique F&amp;B offerings. Due to the size of our development, we have also been able to deliver larger and a more comprehensive list of amenities, such as a large pool, multiple dining rooms, gazebos, a private theatre, a large gym, etc. There is also a premium indoor sky pool and sky gym at the 54th floor for premium unit owners.

Imagine a day in the life of a resident in Melbourne Square:

You can wake up in the morning, go to the gym for an early workout, then drop off your children at the childcare centre in the podium and walk to work in the CBD. On the way back in the evening, you can buy your groceries in the full-line supermarket in Melbourne Square, pick up your children from childcare, and then have a swim with them at our large pool.

After dinner, you put your kids to bed and have a night-cap while taking in the beautiful views at the sky lounge on the 54th floor. This is truly a unique lifestyle offering that Melbourne Square can deliver for our residents.

<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/oskh9386_melbourne-square_el02_level-54_amenity-area_0.jpg" rel="gallery-all" title="Level 54 amenities area"><img alt="" class="image-article-full-width-580px" height="270" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/oskh9386_melbourne-square_el02_level-54_amenity-area_0.jpg?itok=J6kgZpkf" title="Level 54 amenities area" width="580"></a>

<figcaption>Level 54 amenities area</figcaption></figure>UM: Can you please provide a general breakdown of the apartment configurations/sizes? Are they larger than the norm?

JY: We are offering a range of high quality apartment styles from one, two and three bedrooms as well as penthouses.  We have a generous number of two and three bedroom apartment offerings as we believe that Melbourne Square will rejuvenate Southbank and will transform how Southbank residents will live and play. 

As a reflection of our focus on owner-occupiers, we have a large proportion of two and three bedroom apartments on offer. Only 22% of our apartments are one bedroom units, while 78% are two and three bedroom units.

Our one bedroom apartments will range from around 50 to 55 square metres.

UM: Is OSK targeting a high-end operator for the hotel currently?

JY: We are currently looking at a number of hotel operators that will realise our vision for the site. So far there is a strong level of interest from a number of international hotel operators, and we are working on the most suitable partner to deliver the right hotel product for Melbourne Square.

It’s important that we find the right partner and we look forward to being able to share more information with you soon.

UM: Is Melbourne Square OSK's sole intended project for Melbourne? Given it will be in development for some years to come, will OSK consider other projects in Melbourne or Australia in the interim?

Melbourne Square is OSK Property’s first project in Australia. Given the scale of the project, we will need around 10 years to complete building Melbourne Square.

For the time being, we will be purely focused on delivering Melbourne Square. In the longer term, we plan to expand our presence in Australia over time.

UM: Would the use/mix of future towers be reconsidered, dependent upon market conditions? Is there a delivery timeline for future towers?

JY: The masterplan approval for Melbourne Square provides for 380,000 square meters of above-ground gross floor area. The exact allocation of this space is flexible, and therefore we have some degree of flexibility to adjust the product offering as the market situation changes, subject to the necessary approvals by the relevant government authorities.

For the time being, we are committed to delivering what is reflected in the original approved masterplan.

<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/image2_14.jpg" rel="gallery-all" title="Stage one of Melbourne Square"><img alt="" class="image-article-full-width-580px" height="773" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image2_14.jpg?itok=Tt7nqxdJ" title="Stage one of Melbourne Square" width="580"></a>

<figcaption>Stage one of Melbourne Square</figcaption></figure>UM: Is there an anticipated construction start date for stage one, or is that date dependent upon reaching a target sales mark? How have sales progressed thus far?

JY: Stage one has been approved and we are on track to start construction by the end of the year.

Interest from the VIP database has been very positive, and we expect a good response form the market when we officially launch the project.  We recommend people register their interest now to receive VIP updates ahead of our grand launch in October 2017.
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