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

Cbus

The growth&nbsp;of North Sydney continues with plans lodged by development giant Cbus&nbsp;to create a new residential tower.

The tower will rise 28 levels&nbsp;from a prime 3,950 sqm across&nbsp;173-179 Walker Street and 11-17 Hampden Street, in an area known as the East Walker Street Precinct, up the road from the Aura by Aqualand development.

The new Walker Street project&nbsp;will home 189 apartments, a mix of studios through to four-bed apartments, as well as a handful of Walker Street Terraces.

Cbus Property&rsquo;s Chief Executive Officer Adrian Pozzo&nbsp;said the intention is to develop high-end owner-occupier residences in this fabulous location, with views across the eastern side of Sydney Harbour and northern Sydney.

&ldquo;In recognising the prime location of the site within close proximity of the vibrant and burgeoning North Sydney CBD, we seized the opportunity to create this partnership to deliver this outstanding residential development opportunity,&rdquo; Pozzo said.

Local architecture and design firm fjmtstudio has designed the latest plans for the tower. Plans had previously been submitted by SJB on behalf of Avenor, who sold the site to CBUS in a joint venture&nbsp;for around $150 million last year. Avenor planned for&nbsp;266 apartments when they had the site.

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1140" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.11.57_am.png" width="2060" /></a>

Fjmtstudio Design Director, Richard Francis-Jones, said delivering improved outcomes for the local community was a key objective for the proposed development.

&ldquo;We have worked carefully within the approved planning controls to design a building that optimises view sharing and sunlight access for our immediate neighbours,&rdquo; he said.

&ldquo;It is a unique and innovative design, generated directly from these key community issues. It has been very helpful consulting with the local community to understand their concerns and explain our design.&quot;

In their Design Concept submission to the local council, fjmt said they have developed an architectural response that draws from the character of a freshwater gully stream eroding its way through this place of ceremony, leaving behind a series of sandstone fissures and verdant landscapes.

&quot;The tower and podium forms of Hampden Street suggest horizontally stratified and eroded undercrofts typical of the sandstone escarpments of the Harbour and the subtropical gullies of the North Shore.

&quot;With the brick terraces of Walker Street offering sympathetic scale, structure and contemporary reference to the typologies of our post-colonial past.

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="512" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.12.09_am.png" width="874" /></a>

&quot;The public domain and landscape design draw upon these references and details to establish a landscape of uncommon character and exceptional quality both for the residents and neighbours of the precinct.&quot;

Fjmt note the site is&nbsp;ideally located and structured for redevelopment as high density residential development as the wider North Sydney LGA is seeing a development boom in commercial and residential projects looking to leverage the state and local government investments in multiple public transport hubs for TfNSW Buses, Metro and Train networks.

&quot;The object site is but one within the LGA undergoing significant evolution in character and use and supported by the North Sydney Council strategic planning objectives.&quot;

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1068" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.59.18_am.png" width="1582" /></a>

The existing Walker Street frontage contains five&nbsp;residential buildings with two residential buildings located on the Hampden Street all of which are products from the early 1950&rsquo;s.

The natural designs flow through to the resident only main plaza, which will home 1200 sqm of landscaped space featuring extensive seating, a walking track, dry creek, sandstone terracing and retreat areas.

&quot;The site is envisioned as an urban oasis recreating the lush landscape that exists on site while celebrating&nbsp;the level changes and water as the feature the landscape sanctuary only for residents.&quot;

<a href="/new-apartments/east-walker-street-north-sydney-173-179-walker-street-north-sydney-nsw-2060"><img alt="" height="1118" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_7.11.53_am.png" width="2034" /></a>

Fjmt have made a conscious effort to make the building green, targeting a GreenStar rating for the Walker St project. It will be ran off electricity, with solar power supplementing demand.&nbsp;It will promote an active lifestyle, with a car share scheme.

The majority of the building, over 70 per cent, will be two and three-bedroom apartments.&nbsp;

Residents will&nbsp;have access to a wine library and adjoining wine storage space on the lower ground level, as well as bookable meeting space. The lobby is on the ground floor, where there&#39;s also a reading lounge space, a work from home business centre, and the building&#39;s concierge.

Traditional resident amenity is located on the fourth level. There will be a lap pool, gym, sauna, spa, a bookable dining room and function space, sun decks, and a barbecue area.

North Sydney is undergoing a construction boom in both residential and commercial development, which will all be aided by 19 key projects in the area delivered by government and private investment, representing an addition of more than 17,000 sqm of new parks and plazas.

Between Berry Street and the Pacific Highway, the closure of Miller Street gives room for a 7,450sqm public plaza outside the Victoria Cross metro station.

The new Walker Street project will home 189 apartments, a mix of studios through to four-bed apartments, as well as a handful of Walker Street Terraces

First look: Cbus lodge plans for striking Walker Street apartment tower in North Sydney

The Young &amp; Fennelly apartment&nbsp;complex at Randwick, which launched in May, has hit 90 percent sold.

The Cbus Property-developed project comprises 116 one-, two- and three-bedroom residences across a seven-storey "New Deco”-style apartment building and terraces.

It sat at 40 percent sold in early June.&nbsp;

The complex sees completion due in mid 2023.

[smartcode_project:default project_id=100684 project_image_fid=164633]

Colliers Residential advised the update on the second stage of the Newmarket Randwick multi-stage master plan.&nbsp;

The sales have included one-bedrooms for $1.075 million to top-floor three-bedroom residences for $3 million with Bates Smart interiors.

The parkside residences are priced from $2,155,000.

[smartcode_project:default project_id=100684 project_image_fid=164634]

It is close to the cafes and restaurants of the retail and dining piazza, Newmarket Dining, which came in the first stages of the Newmarket Randwick masterplan.

There will be a residents’ communal rooftop space designed by Arcadia Landscape Architecture, with barbecue facilities.

The project takes its name from Fennelly St which pays tribute to Michael Fennelly, who bought the Newmarket property and built the Newmarket Big Stable building.&nbsp;

[smartcode_project_cta: project_id=100684]

Newmarket Randwick project has apartments that have been shaped by post COVID-19 lifestyle changes

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Cbus Property's Young & Fennelly Randwick sales hits 90 percent sold

Cbus Property have reported the sale of three luxury apartments worth $66 million in the 111 Castlereagh St development.

The buyers came from the eastern suburbs and lower north shore.

The biggest sale was a 460sq m double-storey penthouse that fetched about $35 million.

It is called the Jones Residence,&nbsp;named after Sir Charles Lloyd Jones who led the success of the David Jones expansion on which the property sits.

The residence boasts 360‑degree views across the city and towards the Blue Mountains, capturing Hyde Park, Sydney Harbour, the Eastern Suburbs and beyond.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The two smaller sub penthouses in the 101-unit project sold for about $15.5 million each.

The sales marked "a resurgence in the return of Sydney city living and the ongoing appetite for high-end, primely located residential property, despite the challenges of the current COVID-19 climate,” Cbus Property CEO Adrian Pozzo said.

Selling agent Colliers Residential managing director Peter Chittenden said the four-bedroom penthouse occupies part of level 33 and the entire 34th level and includes two kitchens, living areas, a wine cellar and a butler’s pantry.

Cbus has two four-bedroom sky homes and a selection of expansive one, two and three-bedroom residences still for sale in the project set to be finished by the end of 2023.

[smartcode_project_cta: project_id=94354]

Three luxury apartments have been sold off-the-plan in the 111 Castlereagh St development

$35 million penthouse sale secured in 111 Castlereagh by Cbus

Cbus has sold one-third of the 101 apartments in its 111 Castlereagh St development, atop the former David Jones department store.

Colliers managing director, residential, Peter Chittenden told the Weekend Australia he was also "close to selling" a $30 million-plus penthouse in the project being developed by Cbus Property.

It has 460 sqm space.

[smartcode_project:default project_id=94354 project_image_fid=170432]

The cheapest units are one-bedrooms starting at about $3 million, while four bedroom units start from $13.5 million.

Most of the 101 apartments have views over Hyde Park in the tower designed by architects fjmtstudio.

Apartment residents will enjoy a rooftop with a pool, gym and gardens at the project where construction is underway.

[smartcode_project:default project_id=94354 project_image_fid=170428]

The apartments will be ready by the third quarter of 2023.

Chittenden had always expected most buyers would be local owner-occupiers and confirmed there has been no offshore money purchasing in the development.&nbsp;

[smartcode_project:default project_id=94354 project_image_fid=170427]

He confirmed most buyers hail from Sydney’s east as well as regional NSW, with several apartments purchased by high-net-worth farmers.

The Cbus tower sits above the former David Jones menswear store in Market Street with apartments, office space, and luxury retail planned by Cbus Property and Scentre, the owner of Westfield malls.

Colliers has sold one-third of the 101 apartments in the 111 Castlereagh St development

Cbus secure 33 sales at 111 Castlereagh St with $30 million penthouse next to go

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Architects from New York, Chicago and Singapore have been shortlisted to take part in a competition for the design of Cbus Property’s second commercial office project in Brisbane’s CBD, 205 North Quay.
It plans to develop the project in conjunction with partner Nielson Properties.
HASSELL, REX (New York) and Richards &amp; Spence; Cox Architecture, SOM (Chicago) and Rapt Studio; BVN and SHoP Architects (New York); and Architectus and WOHA (Singapore) will compete for the opportunity to produce a concept design for the circa $600 million sustainable A-grade commercial tower that capitalises on its unique waterfront location and transforms the CBD precinct.
“The calibre of expression-of-interest submissions received from architects were of the highest quality, attracting both local and international interest and making the partnership’s analysis and decision-making process difficult,” Adrian Pozzo, CEO of Cbus Property, said.
“Brisbane is a new world city and we plan to partner with the world’s best architects. The strong interest from the architects both locally and internationally has been driven by Cbus Property’s track record, the site’s significant riverfront location, and Brisbane as an emerging global city.
“The site provides an unrivalled opportunity to establish the innovative workplace of the future and create a new commercial building of inspiring architecture that will represent the new world of work.”
The commercial building is intended to add 50,000 square metres of net lettable area to Brisbane’s CBD office market.
It will form part of an exciting new precinct, the North Quarter, which is undergoing a comprehensive transformation with the delivery of new commercial and residential developments, as well as the new Roma Street Station.
The successful team of architects is expected to be appointed in September, with building construction slated for completion in 2023.
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International architects shortlisted for 205 North Quay design competition

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Following January’s commencement of ground works at Cbus Property’s landmark development in north-west Sydney, The Langston, construction has now commenced the residential high-rise project. 
The project’s progression to the next phase of development followed the demolition at the former Westpac Credit Card Services building, between Langston Place and Chambers Court, Epping. 
Project contractors Hutchinson Builders have commenced drilling of the project’s foundations, prior to construction of the development’s basement levels. 
According to Adrian Pozzo, CEO of Cbus Property, the Epping community can expect to see construction of The Langston’s first tower take just over two years, with completion targeted for the third quarter of 2021.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/18/The%20Langston_Precinct%20with%20train%20station.jpg" alt="">
The Langston will ultimately feature three towers of 19, 24 and 29 storeys, and will include a mixed-use precinct comprising 1,681 square metres of retail space and 1,921 square metres of communal open space.  
Designed by award-winning architectural firm Architectus with landscaping by world-class landscape architects, Arcadia, The Langston will be situated on the highest land point in Epping, enabling panoramic views to the Sydney CBD and Harbour Bridge to the south-east and the Blue Mountains to the west.
Pedestrian links will feature throughout the site, connecting The Langston with Council’s public library to the east, as well as the revamped Pembroke Street Park and other recreational facilities, revitalising the eastern side of the train station. 
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Construction commences at The Langston development in north-west Sydney 

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More than half of Cbus Property's new development, 17 Spring Street, has sold since it launched last month.
The $300 million luxury residential tower designed by Bates Smart has 73 apartments over its 33 levels, although a number of apartments have been amalgamated already.
Construction on 17 Spring Street will commence in September 2019 by the industry super fund backed developer.
Cbus has issued a notice to vacate to Mercure Treasury Gardens, the current site occupant.
Sales so far have been dominated by the local owner-occupier market.
The tower has been proving popular with upgraders already in the city, affluent downsizers and purchasers looking for a new city base.
Cbus Property’s CEO, Adrian Pozzo says 17 Spring will "undoubtedly be the jewel in our crown."
"Purchasers have recognised the unique opportunity offered through 17 Spring Street’s unrivalled location and exclusive offering," Pozzo said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/13/17Spring2.jpg" alt=""> The penthouse living space
“We amalgamated a number of apartments at 17 Spring Street prior to launch, creating additional half floor configurations in anticipation for demand for oversized residences, particularly from the downsizer market.
"This strategy has proved successful with strong sales results for larger format apartments within the first month of the project going on market,” Pozzo added.
Brett Griffith, who is handling the marketing, says Spring Street was "highly sought after."
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17 Spring Street will comprise a mix of two and three bedroom apartments, the two beds ranging from 105 to 160 sqm and three beds from 134 to 245 sqm.
There are a number of half and whole floor residences ranging from 245 up to 441 sqm internally.
The penthouse spans 468 sqm and has a 240 sqm terrace and a private pool.
Construction completion is anticipated for mid-2022.
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jrobinson-rf4aSBido9

Cbus Property sells over half of Melbourne's 17 Spring Street

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Cbus Property has secured a second commercial office project in Brisbane’s CBD in a deal with local developer, Nielson Properties, to develop its 205 North Quay and adjacent 30 Herschel Street properties.
The partners will combine the two properties to create a 3,000 square metre riverfront corner site, with plans to develop it into a circa $600 million A-grade commercial building.
Savills agents Anthony Ott and John McDonald negotiated the transaction.
The new development, to be known as 205 North Quay, presents a landmark opportunity for Cbus Property to bookend its successful 1 William Street, Brisbane commercial project, tenanted by Queensland Government and recently awarded Property Council of Australia’s 2019 Queensland Development of the Year.
205 North Quay will add 50,000 square metres of net lettable area to the Brisbane CBD office market and responds directly to the emergence of the North Quarter precinct which has received record infrastructure investment.
“205 North Quay is a major riverfront CBD site, ideally located to capitalise on the major infrastructure projects nearby such as the recently announced Roma Street Station, Brisbane Metro, Cross River Rail and Brisbane Live,” said Adrian Pozzo, CEO of Cbus Property.
“The economic outlook for Brisbane is strong, with positive employment growth forecast to continue and Queensland’s economic growth also anticipated to continue to outperform the Australian average.
“We will look to build on these strong economic foundations and our past success with 1 William Street, to deliver a premium and future-focused commercial tower for Brisbane’s CBD in collaboration with our partner, Nielson Properties.”
Located in Brisbane’s prime commercial district, the 205 North Quay development will play a significant role in the continued regeneration of the burgeoning North Quarter precinct, which will now also include Mirvac’s 80 Ann Street tower to be tenanted by Suncorp, Shayher Group’s 300 George Street project and the recently completed W Hotel on George Street.
“We are proud to partner with Cbus Property on this landmark riverfront commercial project,” says Ross Nielson, Founder and Managing Director of Nielson Properties.
“As a local Brisbane developer, we’re excited to be a part of the evolution of the North Quarter as it becomes a vibrant hub bolstered by outstanding connectivity to Brisbane’s CBD and premium infrastructure and amenity.”
The tower is expected to be complete by 2023.
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Cbus Property locks in $600 million North Quay, Brisbane office project

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Multiplex has pinpointed incomplete grouting as having caused crumbling of precast concrete columns at its $1.2 billion Collins Arch project.
The issue halted work at the Collins Street, Melbourne CBD work site of the CBUS project, nicknamed the Pantscaper.
The builder would not say how many columns had been affected or what levels of the 44-level twin-tower project had been affected.
The embarrassed super fund, which provides superannuation and income stream accounts to more than 790,000 members, prides itself as being a leading commercial and residential property developer across the country.
The concerns triggered an <a href="/news/precast-column-movement-concerns-stops-work-at-cbus-447-collins-street-pantscraper-twin-tower-project">investigation by structural engineers</a>.
"In limited locations the liquid grouting solution between the column and the floor slab has been found not to have fully penetrated, leading to minor spalling of the precast column edges," Multiplex said on Wednesday.
"The columns in question have since been remediated in accordance with the engineers’ recommendation and a full audit of all precast structural columns is expected to be complete later today."
The builder said there were no structural problems with the building, the design or the precast columns separating floors.
But is acknowledged that "spalling", or crumbling, of the pillars had occurred where pressure built up because the grouting was not evenly spreading the load of the column above.
RCP was appointed by Cbus Property in 2015 to project manage the redevelopment of 447 Collins Street, Melbourne. The quantity surveyor is Rider Levett Bucknall.
It is understood CBUS Property board members were briefed on the issue after the stopwork gained national attention on the Nine Entertainment website.
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Mark Ford has been the CBUS Property chair since 2006. Ford is a professional director with extensive property industry experience, including previously being managing director, head of DB Real Estate Australia.</div>
The CBUS Property board includes trade union construction boss Dave Noonan who worked as a builder’s labourer, and managed major union sites at several iconic Melbourne landmarks.
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Noonan’s qualifications now comprise the RG146 for Superannuation.
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Chris Kakoufas is the CBUS Property general manager of development.</div>
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<div class="cbp-l-project-desc-title">A CBUS presentation indicated there were unique design considerations for 447 Collins Street due to its complex form, and focuses on the linking of East and West Towers via the skybridge.
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<div class="cbp-l-project-desc-title">"Each tower experiences permanent lateral deflections in different directions due its unique geometry," Rob DiBlasi, Director, 4D Workshop said in 2017 at the Council on Tall Buildings and Urban Habitat.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"This is all about construction...by tieing them together it's an extremely stiff building" said DiBlasi.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The architectural aspiration was to maintain an uninterrupted façade across connecting towers," he advised.</div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The skybridge structure has been utilized to link the towers and avoid expansion joints. </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"Design considerations include individual tower movement during construction and construction tolerance, skybridge and link structure design and detailing, consequential design effects on stability elements, and skybridge construction methodology. </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">"The linking of towers can be carried out successfully to create a unique continuous and homogenous architectural form," </div>
<div class="cbp-l-project-desc-title"> </div>
<div class="cbp-l-project-desc-title">The presentation advised internal linking forces can be significant and may affect design, detailing and construction.</div>
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Poor grouting was part of the problem at Sydney's troubled Opal Tower, from which residents were evacuated on Christmas Eve.
Along with the poor assembly of beams, there was also insufficient grout – concrete glue made up of water, cement, and sand – at the joints between the hob beams and panels, causing stress in the panels,<a href="https://www.afr.com/real-estate/residential/poor-design-and-construction-at-opal-breached-national-codes-and-standards-20190221-h1bjch" target="_blank"> </a>the Opal investigation found.
Opal Tower also had unique <a href="https://www.propertyobserver.com.au/https://vimeo.com/293076036" target="_blank">construction challenges</a>.
 
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Grouting issues cause of embarrassing crumbling in CBUS's Pantscraper construction project

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Multiplex has halted construction work at CBUS's high-rise jewel, the 447 Collins Street project after possible movement in precast structural columns on the half-built twin-tower project.
The concerns have triggered an urgent investigation by engineers at Collins Arch.
The decision comes after Sydney's Opal Tower issues with precast over the Christmas-New Year period.
The exact nature of the Pantscraper problem was not clear, according to a report by Nine Enertainment, with neither Multiplex nor its consultant engineers 4D Workshop giving more than limited details.
"A small number of minor column settlements have been identified on the 447 Collins Street project currently under construction," the companies said.
"The builder, Multiplex, places the utmost importance on safety and quality and has already commenced a detailed investigation into the cause, with structural design engineers currently inspecting the columns. As a precaution, work has temporarily stopped while that investigation takes place.”
Rob DiBlasi, 4D Workshop director, assured Collins Street pedestrians that the building was safe.
"There’s no issue with the structural integrity of the building," he told The Australian Financial Review.
"There are some minor issues with regard to precast columns."
CBUS has boasted Melbourne's skyline was to be transformed following the construction of a $1 billion luxury high-rise.
Called the "Pantscraper", after its twin towers joined by a sky bridge, Cbus Property's 42-storey mixed-use development comprises 49,000 square metres of premium-grade office space, a five-star W Hotel and 202 residential apartments.
Designed collaboratively by Melbourne-based Woods Bagot and New York-based SHoP Architects, the Pantscraper will dominate the skyline given its unique silhouette.
Three major legal firms, including King &amp; Wood Mallesons, HWL Ebsworth Lawyers, and Gadens have committed to office space.
Completion was anticipated for late 2019.
The current design is the third, after earlier plans for a 100-storey tower and then a 47-storey tower were rejected, in part because of the shadow they would have cast on the nearby Yarra River.
Heritage groups have criticised the proposed park for being smaller than the 2800-square-metre plaza in front of the previous revered brutalist-style building on the site.
Above ground, the two towers meet at level 33. 
The possible fault of precast concrete on a $1.2 billion project in the heart of Melbourne's CBD will ignite to calls for reforms to Australia's construction industry.
The state have yet  to implement recommendations of last year's Shergold-Weir Building Confidence report.
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