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

St Kilda Road

<html><body>
Devitt Property Group's The Muse is a 14-storey development designed by Bruce Henderson Architects (BHA) comprising 45 residences with six-star amenities and the latest in security systems. 

Located at 409 St Kilda Road on the corner with Toorak Road West, the boutique project has direct frontage onto Fawkner Park and includes north facing views over the The Shrine, Royal Botanic Gardens and the city skyline.

Managing Director Peter Devitt purchased the site 16 years ago with a vision to one day develop an architecturally exemplar building. As Managing Director of L.U. Simon Builders, Peter has 50 years’ of construction experience and expertise to draw upon, founding Devitt Property Group with his son Kane.

<blockquote>
We could have built 200-plus apartments within this building envelope, but instead we have designed 45 luxury residences to create an exceptional place to live.

We understand what high net worth individuals want –privacy, security, convenience, the city’s best location and larger residences with bespoke, hand-crafted interiors.

- Peter Devitt, Managing Director Devitt Property Group
</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/the_muse_inline.jpg" rel="gallery-all" title="The Muse's corner location also includes direct frontage to Fawkner Park. Image : supplied"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/the_muse_inline.jpg?itok=mvrHsfxm" title="The Muse's corner location also includes direct frontage to Fawkner Park. Image : supplied" width="580"></a>

<figcaption>The Muse's corner location also includes direct frontage to Fawkner Park. Image : supplied</figcaption></figure>Designed with a strong focus on providing residents with absolute privacy and security, the development will feature a 24-hour concierge service and two amenity levels with a grand entry foyer, 20-metre lap pool, relaxation pool and spa, large gymnasium with sauna and steam rooms, and a residents’ club lounge with private meeting rooms.

The Muse will also be providing residents with a bespoke interface technology system enhancing the security and energy credentials of the building, while ensuring the the future proofing potential and energy efficiency of the building. This allows the building to keep up to date with the latest advancements in technology.

The home automation interface will enable residents to customise processes such as heating and cooling system operation, automated blind control and intelligent lighting controls. This system goes a long way down the path to ensuring that the household is almost entirely self-managing.

<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/the_muse_inline_02.jpg" rel="gallery-all" title="The Muse will provide residents with the latest in security and energy saving technologies in addition to its high performance facade. Image : supplied"><img alt="" class="image-article-full-width-580px" height="327" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/the_muse_inline_02.jpg?itok=fdPyzR5a" title="The Muse will provide residents with the latest in security and energy saving technologies in addition to its high performance facade. Image : supplied" width="580"></a>

<figcaption>The Muse will provide residents with the latest in security and energy saving technologies in addition to its high performance facade. Image : supplied</figcaption></figure>The arrival process at The Muse will be streamlined with number plate recognition technology that will informs a lift which will be despatched and awaiting the resident’s arrival. Additional entry access to The Muse will be via biometric systems, facial recognition, fingerprint scanner recognition and personalised ‘FOB swipe’.

Whilst it includes the latest technology, The Muse will also cater for those that prefer the non-technical applications. Car charging technology is included, as are provisions for off grid battery systems.

The Muse's building envelope has been designed to maximise passive performance, with high performance façade elements maximising access to natural light whilst minimising energy consumption. The high performance building envelope joins onsite electrical generation and water conservation systems.

The development's array of technical prowess is part of the equation that Devitt hopes will satisfy intended purchasers. The Muse residences will range from 200-1,000 plus square metres, with the penthouse spread over two levels expected to be the most expensive apartment in Melbourne.

A price has yet to be finalised but a price tag in excess of $40 million is expected.

<h2>Project Team</h2>

<ul>
<li>Developer: Devitt Property Group</li>
	<li>Architect: Bruce Henderson Architects (BHA)</li>
	<li>Services: Waterman AHW</li>
	<li>Builder: L.U. Simon</li>
	<li>Project Marketing: Knight Frank</li>
</ul>
</body></html>

Laurence Dragomir

St Kilda Road's The Muse places itself at the cutting edge of technology

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Now complete, Parque is an upmarket residential development on St Kilda Road comprising two glazed towers accommodating 332 luxury apartments. Designed by Fender Katsalidis the towers are connected by a private outdoor area on Level 8, featuring a 25-metre infinity pool.

The level 11 clubhouse has a library, a function room, outdoor terraces and a private dining room and kitchen designed by Shannon Bennett, with expansive views of Melbourne.  

The client, SP Setia, presented the design team with an existing building approval that negotiated the area’s building height restrictions and envelope controls. However, Fender Katsalidis still saw this as a unique project that warranted careful consideration and could take its cues from its natural environmental context.

<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/fkmed_1145_5602.jpg" rel="gallery-all" title="Landscape was a major influence and driver for the design of Parque. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="414" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/fkmed_1145_5602.jpg?itok=d57LswqV" title="Landscape was a major influence and driver for the design of Parque. Image: Supplied" width="580"></a>

<figcaption>Landscape was a major influence and driver for the design of Parque. Image: Supplied</figcaption></figure>This led to a design conceived for placing a building ‘in the round’, with 360- degree views, that absorbed its park environment. The Western tower fronts St Kilda Rd and spans 11-storeys, stepping down to 8-storeys in the centre to preserve views of the Shrine of Remembrance and the city, before rising to 19-storeys at the Eastern tower.

Both towers feature highly articulate, curved glass curtain wall facades with recessed panels providing the facade with depth and capturing light and shadows. 

The neighbouring heritage listed grounds feature 150-year-old elms listed on the National Trust of Australia's register of significant trees, requiring careful site coordination to ensure trees were protected throughout construction. 

<blockquote>
It’s an incredible location, adjacent to a heritage park, which will always be protected and is in fact part of the development. A truly unique site along St Kilda Road.

The buildings' form is drawn from the contours of nature to create the two curvilinear tower volumes that define Parque. We are in this remarkable spot, so everything about the building is working from the inside out to maximise views for residents.

Literally reflecting the park location, we arrived at an expression that has 100 percent glazing around the two building volumes. The reflective glass facade let us create a beautiful pattern of recessed and flush glazed panels.

It's very different depending on what the environment of the day might be; it changes with the light and the seasons, just as the deciduous trees of the park do.

The entry experience is really quite remarkable. You have two entries into the building at ground level and it is very much a grand lobby experience. It's probably the largest residential lobby we've ever designed and is beautifully clad, wallpapered in travertine stone, so it's quite a stunning environment.

The residences are very luxurious, with a level of amenity and appointment that can be likened to a hotel experience. All of the apartments are terrifically sized.

When we began the development’s design, this was not necessarily what the Melbourne marketplace was generally demanding or offering, so we are very proud of setting an industry standard with Parque.

- Nicky Drobis, Director, Fender Katsalidis
</blockquote>

Urban.com.au: Fender Katsalidis (FK) had to work within an existing approved envelope. What was the brief from SP Setia for Parque? Who was the target market for the development and how did this ultimately inform the design of the apartments and resident areas?

Nicky Drobis: The brief from SP Setia was for FK to design a building worthy of its heritage listed location. They understood the importance of this site within the broader context of St Kilda Road and had the desire to develop a building that would of course succeed commercially but also genuinely contribute to and enrich Melbourne’s built environment.  

FK needed to stay within the restrictions of the Shrine Vista Controls which by their nature encourage buildings that are lower towards St Kilda Road and higher towards the Eastern end of the site which results in two volumes at different heights linked by a podium piece in the centre. However, a key factor in SP Setia’s brief that enabled FK to fully explore the design potentials for the site was their understanding of the value of good design could indeed provide more value to a development than necessarily maximising an allowable building volume.

The brief also responded to SP Setia’s understanding of the lack of supply at the time in Melbourne of apartments which would attract owner occupiers and investors alike. Hence the apartment mix is varied and the apartments were larger than those typically in the market place at the time.

SP Setia is also known internationally as a developer who invests heavily in providing a wonderful amenity offer to residents in their developments, and this is definitely the case at Parque.

UM: Parque is located within a historically and culturally significant pocket of St Kilda Road. What were some of the challenges involved in working in such a sensitive context?

ND: There is wonderful complexity in the immediate built environment surrounding the Parque site, including historically significant buildings such as the former Royal Victorian Institute for the Blind, the Wesley College campus and the heritage listed park in which our building is sited. Our intention was to design a building which would not compete with its heritage neighbour to the south east and was responsive in form and material to its landscaped context.

In so doing the building forms are not directly referencing our context, but rather are a sculptural insertion which very much literally reflect the immediate surrounds in the glazed façade.

<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/fkmed_1145_5592.jpg" rel="gallery-all" title="Parque has been designed to be responsive in form and material to its landscaped context, says FK Director Nicky Drobis. Image : Supplied"><img alt="" class="image-article-full-width-580px" height="578" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/fkmed_1145_5592.jpg?itok=IICZl_o4" title="Parque has been designed to be responsive in form and material to its landscaped context, says FK Director Nicky Drobis. Image : Supplied" width="580"></a>

<figcaption>Parque has been designed to be responsive in form and material to its landscaped context, says FK Director Nicky Drobis. Image : Supplied</figcaption></figure>UM: They say the ultimate test of any development is whether or not the developer or architect lives there. Are any members of the project team also residents in the development?

ND: There are indeed numerous members from the Development, Architectural and Construction team that own homes and live in Parque. The purchaser demand for the apartments was very strong and we never got to use the purpose built marketing suite to its full effect as the development sold out so quickly!

UM: SP Setia is obviously very happy with the finished product as FK has also been engaged to design 308 Exhibition Street. Can you tell us a bit about the working relationship with SP Setia?

ND: Our relationship with SP Setia has been an enriching and successful one. The Setia team bring with them a long history of quality developments centred in Malaysia that reaches globally, so there is the wisdom that comes with that.

They have astute local leadership supported by a strong team that work very cohesively. A fantastic part of our experience has been to learn from and enjoy SP Setia’s business culture which is embracing and supportive.

Close relationships across the entire consultant team and industry can be fostered in this environment.
</body></html>

FK's Nicky Drobis on Parque's design credentials

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One of Melbourne’s office buildings, on St Kilda Road, has been sold off by the Myer family for about $77 million to an Asian group.
The eight-level office building at <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-502571830" target="_blank">312 St Kilda Road</a> was sold on a passing yield of 4.66 percent.
The buyer was Singaporean developer Tong Eng Group, Fairfax Media reported.
The group had earlier this year paid $116.3 million for another St Kilda Road tower at 5 Queens Road.
The 312 St Kilda Road building has  9,854 sqm of commercial accommodation along with a major commercial car park.
The selling agents were CBRE.
It is leased to several global and long standing commercial office tenants and is close to Melbourne CBD
The building offers the potential for further growth and significant rent reversion as it is located in one of Australia’s top performing office markets. It has a 3.5 Star NABERS Energy Rating
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jonathanchancellor-7SQnKwU6yx

Myer family sells St Kilda Road building in $77 million deal

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<div>
Hong Kong retail group Glorious Sun has acquired an entire office building on Melbourne's city fringe for $42 million.
The property at <a href="https://www.realcommercial.com.au/property-offices-vic-melbourne-502516710" target="_blank">324 St Kilda Road</a>, near Dorcas Street, was bought from the WA-based investment manager Lester Group.
The fully leased eight-level building has tenants including Wesfarmers with a weighted average lease expiry of five years.
With its net annual income of about $2.45 million, the early 1980s building sold on a yield of 5.8 per cent.
"The implementation of the Melbourne Metro Rail Project has improved confidence in the St Kilda Road area, resulting in increased momentum from investors in the precinct due to expected upward pressure on rents from the significant infrastructure project," JLL's Langton McHarg said.
</div>
<div>Vacancy has been tightening on St Kilda Road with eight office blocks withdrawn from the St Kilda Road office market over the last five years totalling 71,693 sq m, leaving 672,950 sq m in available stock, JLL Research shows. Four more are likely to be withdrawn over the next two years, JLL suggests.</div>
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j.ballantyne1990-6AQqhLzZaK

St Kilda office building snapped up by Hong Kong retail group for $42 million

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The grand dame of St Kilda Road, the Charsfield mansion has witnessed many changes over the last 100 years, but none like the current.
A 19 level (60 metre) contemporary residential tower, designed by Rothelowman is being erected around it.
The development, by EBG Developments embraces the grand historic mansion.
With 60 percent of their purchasers being local buyers, the New Charsfield is now 85 percent sold.
Consisting of 150 apartments, the New Charsfield has been a popular development amongst well-heeled owner-occupier demanding a new level of lifestyle and luxury.
EBG Development’s sales team has been working with individual purchasers on combining the already large apartments into grander floor plates.
Approximately 10% of the New Charsfield is comprised of amalgamated apartments.
<img src="https://www.urban.com.au/images/2017/06/14/image001.png" alt="">
“We have had solid conversion from people who not only purchase, but purchase two or three apartments to co-combine,” the development manager, Allen Wang.
At an $8 million purchase price, one keen purchaser has combined two penthouse apartments to create a 450sqm external area and 440sqm internal area which features 360 degree views to port Phillip Bay, Albert Park and the CBD.
Architect, Stuart Marsland from Rothelowman said retention of the mansion has been a positive opportunity to celebrate the previous use, whilst allowing a contemporary insertion to exist behind.
For more information, <a href="https://www.rothelowman.com.au/home" target="_blank">click here</a>.
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The Rothelowman-designed New Charsfield, featuring St Kilda Road’s oldest mansion

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St Kilda Road will be the setting for the debut of another international developer, with Singaporean outfit Lian Beng Group's intended residential tower now with City of Port Phillip.

Having secured <a href="/new-apartments/596-st-kilda-road-melbourne">596 St Kilda Road</a> during 2015 for $25 million, first-time market entrant Lian Beng Group have submitted for approval a residential scheme that further morphs the boulevard into a sought after residential strip. Stepping away somewhat from the premium apartment buyer which has defined St Kilda Road in recent times, the proposal consists predominantly of oversized single bedroom dwellings.

Noted within the <a href="https://eservices.portphillip.vic.gov.au/webdocs/909902/ADV%20Architect%20Report%20-%20Incl.%203D%20images.PDF">town planing submission</a>, project architect <a href="/architects/bates-smart">Bates Smart</a> references the eclectic nature of Windsor and the youthful aspects of the development, perhaps a reference to the target buyer.

Externally 596 St Kilda Road's 19 levels are defined by 1,150sqm of vertical garden space arranged seemingly draped over the design's exterior; a far cry from the 1940's apartment complex onsite which is set to make way for the tower.

<h2>596 St Kilda Road application summary</h2>

<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/image26_3.jpg" rel="gallery-all" title="Aerial render of the tower's green exterior. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="650" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image26_3.jpg?itok=NeE-_Bkq" title="Aerial render of the tower's green exterior. Planning image: Bates Smart" width="580"></a>

<figcaption>Aerial render of the tower's green exterior. Planning image: Bates Smart</figcaption></figure><ul>
<li>Site offered for sale by CBRE City Sales during 2015</li>
	<li>Purchased by Lian Beng Group for $25 million</li>
	<li>Site area: 1,800sqm with two street frontages</li>
	<li>Proposed 19 level tower at 60 metres</li>
	<li>170 dwellings: 95 x 1BR and 75 x 2BR with study options for either</li>
	<li>4 level basement containing 162 vehicles and 57 bicycle bays</li>
	<li>Ground level amenities including 20 metre pool, sauna and gymnasium</li>
	<li>Total GFA: 21,847sqm</li>
	<li>Single cafe tenancy at ground level</li>
	<li>Commissioned public artwork to be determined after discussions with Council</li>
</ul>
Supplementing the vertical gardens is 892sqm of ground floor green area, with Bates Smart describing the building as living design.

With the tower's projecting planters intended to mirror the gardens of St Kilda Road in a vertical fashion, they are also designed to become an external extension of internal spaces. Bates Smart heavily reference the pavilion throughout their urban context report, essentially created a tower where external spaces are designed to be used as often as possible.

This is achieved by floor to ceiling glazing, extended slabs and operable screens.

Conceived as a series of stacked pavilions, 596 St Kilda Road does carry similar external traits to existing Bates Smart residential projects such as <a href="http://www.pelotongroup.com.au/property/queens_road.htm">Proximity on Queens</a> and Canberra's <a href="https://www.batessmart.com/bates-smart/projects/sectors/residential/atelier/">Atelier</a>, albeit with the addition of green vertical highlights.

596 St Kilda Road's apartment mix sees 95 single bedroom apartments range in size between 50-62sqm while dual bedrooms range between 77-82sqm.

<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/image43_4.jpg" rel="gallery-all" title="A garden living exemplar, similar to what can be expected within the project. Planning image: Bates Smart"><img alt="" class="image-article-full-width-580px" height="333" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image43_4.jpg?itok=5y5uzN2E" title="A garden living exemplar, similar to what can be expected within the project. Planning image: Bates Smart" width="580"></a>

<figcaption>A garden living exemplar as identified by the architect. Planning image: Bates Smart</figcaption></figure>St Kilda Road has proven to be fertile grounds for both local and international developers in recent years, as its transformation from commercial enclave to residential boulevard continues.

Asian developers are well represented in the area, with Lian Beng Group merely the latest to cash in upon Melbourne's high density living surge. <a href="/developers/s-p-setia">SP Setia</a> will have <a href="/buildings/parque-melbourne-555-st-kilda-road-melbourne">Parque St Kilda Road</a> complete soon enough with settlement due by the end of next month, while a handful of other projects are in the pipeline.

<a href="/new-apartments/the-mayfair-412-st-kilda-road-melbourne">412 St Kilda Road</a> is at planning on behalf of Malaysian-based <a href="/developers/uem-sunrise">UEM Sunrise</a> while the likes of Wuzhong and Chinese-affiliated <a href="/developers/golden-age-group">Golden Age Group</a> are also active on the strip.

<h2>596 St Kilda Road development team</h2>

<ul>
<li>Developer: Lian Beng (St Kilda) Pte. Ltd.</li>
	<li>Architecture and Urban Context Report: Bates Smart</li>
	<li>Planning: <a href="/developers/urbis">Urbis</a>
</li>
	<li>Traffic Engineering Assessment: GTA</li>
	<li>Sustainability Management Plan: Norman Disney &amp; Young</li>
	<li>Waste Management Plan: Leigh Design</li>
	<li>Landscape Plan: Tract</li>
</ul>
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silvermb

Lian Beng Group enter Melbourne with 596 St Kilda Road

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St. Kilda Road has gone about transforming itself from a commercial hub into a haven for upmarket apartments for some time now, morphing from a dead after hours office precinct into an affluent residential boulevard.
A new proposal for the Fawkner Centre at 499 St. Kilda Road continues this trend, with intentions to convert the dated commercial tower into a rejuvenated 19 level residential complex.  Currently the Fawkner Centre stands at 18 levels and ulilises approximately half the 6,050 square metre site with 20,000sqm of office space and five retail tenancies the headline figures.
<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/1178.jpg" rel="gallery-all" title="The Fawkner Centre. Image courtesy Lemon Baxter"><img alt="" class="image-article-full-width-580px" height="386" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/1178.jpg?itok=sQRkaZIr" title="The Fawkner Centre. Image courtesy Lemon Baxter" width="580"></a>
After purchasing the site during 2012, local developer <a href="http://www.lasgroup.com.au/" target="_blank">LAS Group</a> now aims to transform the complex into 19 levels of apartments whilst also expanding the smaller podium building toward St. Kilda Road. Within this new scheme, residential facilities are principally located atop the podium building, whilst double storey dwellings will be included amongst the anticipated 245 apartments available.
Level 19 will house outdoor facilities for the associated penthouses below while the aforementioned residents facilities include a lounge, communal garden, sauna and steam room, yoga facilities, gym as well as an indoor pool and external sundeck. A total of 245 apartments with a variety of layouts will be developed in the project in conjunction with 293 car parks, 19 tandem car parks and 270 bike spaces.
3020.5 square metres of new area will be built, complementing the refurbishment however there are no plans to include retail space into the reincarnated structure. Along the St. Kilda Road frontage the proposal aims to develop a new identity for the building with the lanning application stating that the construction of an additional 7 levels to that side of the building will help change the “face” of the structure from its current bland office exterior to that of a dymanic residential building.
In addition to augmenting the original structure, the St. Kilda Road interface will be revamped via a new drop off zone in conjunction with a new mirrored canopy which will greet residents as they enter the building, creating a distinctive entrance for the revamped tower.  Reconnecting the building with its surrounds is one of the key areas project architect <a href="http://elenbergfraser.com/" target="_blank">Elenberg Fraser</a> and landscape design firm <a href="http://www.oculus.info/">Oculus</a> have focused on, with high attention to detail given to revitalising the connections between building adjoining enviorns.
<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/Image10_8.jpg" rel="gallery-all" title="Expected Fawkner Park interface. Image © Fender Katsalidis"><img alt="" class="image-article-full-width-580px" height="234" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image10_8.jpg?itok=ihExiN3M" title="Expected Fawkner Park interface. Image © Fender Katsalidis" width="580"></a>
At present, the Fawkner Park interface includes a large at grade car park against the boundary.  Through the introduction of initiatives such as soft articulated fencing and landscaping, a stepped landscaped façade to the ground and first floor of the building and planter boxes at ground level with vertical batten fencing, the design team have aimed to “soften” the building.  By creating a visual link more in keeping with the qualities of the park, the designers intent to “reactivate and reinstate the visual relationship between the building and Fawkner Park.”
In keeping with the “greening” of the site, the vehicular access way between St. Kilda Road and Fawkner Park will be eliminated, transforming it into a pedestrian link with a green edge being planted along the passageway.
Through the courtyards at ground level, pergola like structures are incorporated which are designed to provide privacy from level 1 as well as promote the landscaping to flourish and spread in a natural fashion.  Enhanced connections with Fawkner Park and private access for residents aims to promote use to the park.
<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/Image13_10.jpg" rel="gallery-all" title="499 St Kilda Road's enhanced facade. Images © Elenberg Fraser"><img alt="" class="image-article-full-width-580px" height="322" src="/sites/urbanmelbourne.info/files/styles/article_full_width_580px/public/pictures/article-images/Image13_10.jpg?itok=APrxG8qZ" title="499 St Kilda Road's enhanced facade. Images © Elenberg Fraser" width="580"></a>
As a refurbishment rather than new build, certain constraints were considered by Elenberg Fraser to ensure the new design would not affect the structural integrity of the existing building, in particular the existing structural spandrels which constitute the façade.
By remodelling and recladding the spandrels in a way that gradually transitions vertically and horizontally along the building’s elevation, they have been able to develop an appealing solution to the dated concrete façade which exists at present.  By having the spandrels transition horizontally, the appearance of the building is altered dramatically without stripping the existing original form.
Furthermore, a secondary level of articulation has been introduced to the façade, with a shifting pattern developed that is able to further enhance the elevation by the creation of a three-dimensional like illusion. The carved spandrels are planned to be reclad in a silver metal, with surrounding aspects painted a dark colour to allow the spandrels to highlight the architectural statement across the façade.
Either side of the main facades will be given a dark curtain wall combined with metallic trims as a way to “provide an anchor to the building’s form and complement the rest of the building”.
Having been with state planning body DTPLI for a number of months, 499 St Kilda Road's future will become clear soon enough with a decision on approval likely in the short to medium term.
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