Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Joel Robinson

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

New Developments

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The Hong Kong-listed development company, Country Garden has emerged as one of the Chinese companies to have expressed interest in buying Harry Triguboff's Meriton.
Country Garden Australia chief executive Johnson Zhang said the group had held preliminary discussions with Mr Triguboff, the Australian reported today.
The reported Country Garden approach was to buy, at least, part of his $6.25 billion Meriton apartment empire.
“We have met him; we have had discussions with him over this. But it is only in the pre­liminary stage. We might be looking for someone else. We are not sure yet,’’ Mr Zhang told the News Ltd paper.
The Chinese property development company bought their first Australian development site in late 2013 at North Ryde. 
The Global Business Park, 63-71 Delhi Road, had approval for a four building commercial development but Jones Lang LaSalle sold the Goodman Group site with potential for the developing 830 apartments.
Country Garden is a property development company based in Guangdong Province, China, owned by Yang Guoqiang's family. It focuses on building high-end residential property.
Founded in 1992 and listed on the Hong Kong stock exchange since 2007, it is controlled by China’s richest heiress, Yang Huiyan.
Wanting to become a major developer in Australia for the long term, Mr Zhang told The Australian the group preferred suburban sites which could sustain large garden areas.
Their newly released Ryde Garden development (pictured above) is a trio of buildings each have its own rooftop garden.
Bates Smart Architects designed 830 apartments for Country Garden’s first Australian project, on a site 50 metres from North Ryde train station. 
<a href="https://www.cpmrealty.com.au/Buying/Search/Detail.aspx?id=3626&amp;wlid=5ad6e8b1-b411-435b-a832-4cc784d50cce" target="_blank">They are for sale through CPM Realty agent Sam Elbanna</a> and JLL with a 2017 completion date, subject to final council approval.
The off the plan begin on Saturday 28 June 2014, conducting the sales day at the Four Seasons Hotel in Sydney’s CBD.
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One, two and three bedroom apartments in buildings A and C - which are two of three proposed towers in the new Ryde Garden community, will be on sale.
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jchancellor-FAypfDUnLy

Ryde Garden debut for Country Garden Australia

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Central Melbourne will be home to three new skyscrapers totalling 2,022 apartments, with Planning Minister Matthew Guy approving the developments this week.
Over $830 million will be invested into the three projects, which will house an expected 4,000 people and provide 5,800 construction jobs.
“Importantly, central Melbourne is the right place for high density, high rise living,” said Guy, saying it’s the most walkable city.
“Building more apartments in the city takes population pressure off quieter suburban areas,” he said.
The three projects each include shops and cafes at ground/street level, pedestrian links and resident amenities and facilities.
“Australia 108 will be the first 100-storey building in the Southern Hemisphere. At a height of 319 metres above ground it fits within relevant aviation regulations, and will include 1,105 apartments. This includes a good mix of one, two and three bedroom apartments that will bring diverse household types into this central city location,” he said.
“When completed Australia 108 will be the most striking building on Melbourne’s skyline and a great example of the strength of homegrown Melbourne architecture.”
Another apartment tower is 452 Elizabeth Street, a 75 storey creation rising 241 metres, that includes 622 apartments, including three levels of communal resident facilities.
The third tower is 84-90 Queensbridge Street in Southbank, which will see a 54 storey creation spanning 185 metres high, containing 295 apartments.
“Victoria has the strongest construction sector in Australia, and our planning system is geared towards maintaining this economic advantage,” Guy said.
“Since 2010, 54% more homes have gained building approval in metropolitan Melbourne than in Sydney, and 11% more than the entire state of New South Wales,” he said.
“By building more homes, we are ensuring we won’t have the drastic and harmful housing shortage Sydney is experiencing.”
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jduke-EHk3XBmHkn

Three more Melbourne skyscrapers, 2,022 apartments, approved

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The businessman Lloyd Williams is seeking permission to replace his low-rise corporate headquarters with a 304 apartment, 40-level apartment tower at 248-280 Sturt Street, near the corner of Kings Way.
The 120 metre residential tower will have silver reflective glazing to a Elenberg Fraser design.
With its building form consisting of two dominant floor plates connected by a transitional twist, the tower smacks of cutting edge quality, according to the blog, <a href="https://urbanmelbourne.info/planning/2014/05/20/i-spy-new-planning-applications" target="_blank">urbanmelbourne</a>.
Starryland Melbourne has recently secured permission for its 54 storey apartment block at 84-90 Queensbridge Street, Southbank. Its a 295 apartment Rothe Lowman-designed project.
Meanwhile the listed Malaysian conglomerate PJ Development Holdings has purchased a two-hectare Southbank, Melbourne city fringe car-park site for $145 million.
The 93-119 Kavanagh Street development site (pictured above) was sold by interests associated with the Banco Group directed by Mario LoGiudice.
There are expectations of a $1 billion project by the PJD group.
There has been speculation in Malaysia that there has been speculation that PJD may embark on a corporate exercise to raise funds or to be merged with OSK Property Holdings Bhd to form a bigger entity. 
Both property development outfits are controlled by veteran investment banker Tan Sri Ong Leong Huat who holds 26.8% and 70% stakes in the companies respectively.
The off-market transaction brokered by Knight Frank agent Paul Henley highlights the renewed interest in the precinct by developers.
The two hectare Southbank site occupies the block bound by Kavanagh, Power and Balston streets, the West Gate Freeway and the Citylink Operations Maintenance building.
It is capable of accommodating six residential skyscrapers, with Banco securing permission in 2001 for five mid-rise office buildings. 
Some $400 million of Southbank land sales have taken place in the past year, including a site abutting the West Gate Freeway off-ramp, sold for $7.5 million last week.
It was the 65 Haig Street site of just over 1000 square metres which had potential for a 33 level high-rise.
Longtime Southbank developer Central Equity acquired the 54 Kavanagh Street site for $27 million in May.
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Lloyd Williams joins the latest apartment development push at Southbank

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The residential towers at Sydney's One Central Park were voted the fifth best new skyscraper in the world by Emporis, a Hamburg-based building and construction data company.
The “international jury of architecture experts” selected buildings which had been completed in the last 12 months and were at least 100 metres tall, judging them according to “aesthetic and functional design criteria,” according to Emporis. A total of 300 high rise buildings were considered. 
First place went to London’s The Shard, the 87 storey tower which opened in February last year. The tallest building in the European Union, the Shard was designed by Italian architect Renzo Piano with Adamson Associates.
One Central Park was completed in December 2013. Designed by French architecture practice Jean Nouvel with Australian firm PTW, the skyscraper’s standout feature is its plant covered walls, which are set to reach full growth potential at the end of the year. 
PTW director Matt Dobbs said One Central Park was a “dream project to work on.”
“Collaborating with the likes of world renowned architect Jean Nouvel is a once-in-a-career opportunity,” he said.
The other major feature of the skyscraper is Nouvel’s signature cantilever – a suspended beam or structure jutting out from the main building, anchored at only one end. At One Central Park, the cantilever is the tower’s Sky Garden, which extends from level 29 of the East tower.
The Emporis Skyscraper award is now in its fourteenth year. Previous winners include London's 30 St Mary Axe ("the Gherkin" to some), the Kingdom Centre in Saudi Arabia's Riyadh and the Mode Gakuen Cocoon Tower in Tokyo.<a href="https://en.wikipedia.org/wiki/Mode_Gakuen_Cocoon_Tower" title="Mode Gakuen Cocoon Tower"> </a>
The top 10 skyscrapers of the last year, according to <a href="https://www.emporis.com/" target="_blank">Emporis</a>:
<ol>
<li>The Shard, UK <img src="/images/2014/05/22/The_Shard_during_its_opening_laser_light_show_2.jpg" alt=""> Source: Wikimedia Commons 
</li>
<li>DC Tower #1, Austria <img src="/images/2014/06/25/DC_Tower_1_September_2013.png" alt=""> Source: Wikimedia. 
</li>
<li>Sheraton Huzhou Hot Spring Resort, China <img src="/images/2014/06/25/Sheraton_Huzhou_Hot_Spring_Resort_exterior_night_view.jpg" alt=""> Source: Wikimedia. 
</li>
<li>Cayan Tower, United Arab Emirates <img src="/images/2014/06/25/infinity-ex-10.jpg" alt=""> Source: Supplied. 
</li>
<li>One Central Park, Australia <img src="/images/2014/05/22/Fraser05.jpg" alt=""> Source: Supplied. 
</li>
<li>Flame Towers, Azerbaijan <img src="/images/2014/06/25/Baku_Towers_43.jpg" alt=""> Source: wikiarquitectura. 
</li>
<li>Mercury City, Russia <img src="/images/2014/06/25/mercury-city-ine.jpg" alt=""> Source: Supplied. 
</li>
<li>Ardmore Residence, Singapore <img src="/images/2014/06/25/gallery_home_01.jpg" alt=""> Source: Supplied. 
</li>
<li>AZ Tower, Czech Republic <img src="/images/2014/06/25/Brno_tice_Prakova_AZ_Tower_2013-05-21_03.jpg" alt=""> Source: Wikimedia. 
</li>
<li>EQUAL: Nanfung Commercial, Hospitality and Exhibition Complex, China &amp; Tour Carpe Diem, France <img src="/images/2014/06/25/guangzhou-june25-one.jpg" alt=""> Nanfung Commercial, Hospitality and Exhibition Complex, China. Source: Hong Kong Institute of Architects <img src="/images/2014/06/25/Cot_esplanade.jpg" alt=""> Tour Carpe Diem, France. Source: Vincent4617/<a href="https://www.propertyobserver.com.au/https://creativecommons.org/licenses/by-sa/3.0" target="_blank">Creative Commons</a>.
</li>
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jrichardson-uRX5hFdKfN

Sydney’s One Central Park named one of the world’s best new skyscrapers

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There can be significant tax benefits when investors buy an investment property off the plan.
These benefits are greater for new property with more tax depreciation items available.
It is important to have a schedule of inclusions, such as fittings and fixtures on the sale contract, and then commission a depreciation schedule from a reputable provider.
Off the plan buyers can qualify for a 50% CGT discount but the ATO requires that a period of 12 months elapses before the buyer is eligible.
This period begins when the contract has been signed, so provided your settlement period is 12 months or longer (as it will be in most cases) investors could in theory sell along the way, or the day after settlement and still qualify for the generous tax concession.
But be warned the CGT discount only applies if there are changes in the taxpayers circumstances.
Any property bought with the intention of selling it at a profit as soon as it is completed, does not qualify as an investment but as part of a profit-making scheme, so normal income tax would apply.
Ken Raiss, partner at Chan &amp; Naylor Accountants, has pointed out in the past that buying with the intention to sell the sale would still be taxed at marginal tax rates even if you keep it for much longer than 12 months.
If you originally intended to keep the property but decide to sell due to unforeseen circumstances (say, after six months), it is still considered a capital gain but is not subject to the 50% CGT discount.
This means you will still be taxed at your marginal tax rate. This could be advantageous if you have capital losses.
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Tax planning for off the plan apartment purchasing

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In Coolangatta, the construction of a $85 million 25-level residential tower and will total 28 new apartments, with 10 offered to the Australian market, will soon be complete.
The development, <a href="https://sanbano.com.au/" target="_blank">Sanbano Coolangatta</a>, has its marketeers calling it the "Palazzo Versace of the southern Gold Coast" and will come with an appropriately hefty price tag – a minimum $2.72 million for a whole floor apartment.
The development, from Marine Parade Holdings - a wholly owned subsidiary of Chinese-based Sanbano Group - includes a putting green, concierge service, private residents’ dining room, Club Lounge and fully furnished apartments.
They have also been creating <a href="/news/sanbano-southport-tower-to-rise-51-storeys-over-gold-coast">a $100 million called Sanbano Southport</a>.
CBRE residential sales manager, Chris Liftin, said that the developer wanted to complete the building before offering it for sale.
“The developer took the view that prospective buyers should be able to see more than a brochure so he elected to build the development before embarking on a marketing campaign and produced a fully furnished display apartment on level eight so people could see what they were getting,” said Litfin.
“Sanbano is so exclusive and such a rare opportunity that we are taking bookings for people to view the display apartment and experience first hand the views on offer.”
It is on 1,006 square metres that includes views of Coolangatta Beach, the Pacific Ocean and up to the Surfers Paradise skyline.
Views form level 13:
<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/2014/06/23/1.jpg" alt="">
<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/2014/06/23/3.jpg" alt="">
<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/2014/06/23/6.jpg" alt="">
<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/2014/06/23/5.jpg" alt="">
<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/2014/06/23/4.jpg" alt="">
The apartments will include luxury furniture packages and high end finishes.
The apartments are 316 square metres over an entire floor. They have three bedrooms, three bathrooms and additional media rooms, with each bedroom having an ensuite.
Within the development, other apartments range from 110 square metres for two-bedrooms, to 175 square metre two-bedroom, two-bathroom offerings that will potentially be sold at a later date.
DBI Architects designed the building, with furniture and fittings from The Interior Space.
Note: This article has been amended. It originally incorrectly stated that construction was about to begin, not finish.
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Chinese developer creates the "Palazzo Versace of the southern Gold Coast"

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Lend Lease secured the off the plan sellout of all 357 Sydney apartments in the first stage of its Darling Square<a href="https://www.darlingsq.com" target="_blank"></a> residences, totalling at least $500 million, with revenue estimates as high as $650 million.
Set on the doorstep of Darling Harbour, Haymarket, Chinatown and Ultimo, the entire <a href="https://www.darlingsq.com" target="_blank">Darling Square</a> project will comprise 1,400 apartments, 20,000 square metres of campus-style offices and retail around a new town square. There will be an estimated 3,200 new residents, plus 1,000 students in student accommodation and 2,000 workers in the mixed-use precinct which will be part of the Darling Quarter redevelopment by Lend Lease on the edge of Darling Harbour. 
Marketed as "Sydney's newest Darling," prices ranged from $700,000 for a 50-square-metre, one-bedroom ­apartment to $3.5 million for a 130-square-metre sky home through CBRE in Darling Square which will have apartments on which SJB and DCM have collaborated.
About 25% of apartments were sold to offshore ­buyers.
The proximity to UTS encouraged purchasing by Chinese families.
Construction of the 40-storey apartment block and seven-storey block will be completed in 2017.
It is among the three towers to be built on the site of the Sydney Entertainment Centre and car park at Haymarket.
The entire precinct is due for completion in 2020. 
The Lend Lease executive project director, Rob Deck reported more than 5,000 inquiries before Saturday's public launch.
Last August, Lend Lease secured the same day sellout of the first stage of Barangaroo - 159 apartments - which secured some $300 million worth of sales.
Meanwhile Grocon and Markham Corporation have approval for their $700 million redevelopment of the Imax theatre in Darling Harbour, Sydney, into the proposed office/retail and entertainment complex, The Ribbon. It will involve the demolition of the Imax tower replaced by a 20-storey building.
 
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Darling Square first stage sellout by Lend Lease

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Innovative plans are among the five Australian finalists shortlisted from 144 entries in the City of Sydney’s competition to design the Green Square Aquatic Centre and neighbouring Gunyama Park.
The shortlisted entries add green touches to habitats lost during Zetland’s industrial expansion. 
The five finalists are:
Andrew Burns Architect – Sydney Cullinan Ivanov Partnership – Sydney CHROFI &amp; McGregor Coxall – Sydney Andrew Burges Architects – Sydney TYP-TOP Studio (Andrew Daly and Kevin Liu) – Sydney
Scenarios depicted within some of the final designs include  a picket-fence reminder of old cricket fields, a grand central foyer with sprawling views, swimming pools sunken amid revived wetlands, a beach and boardwalk, and connected pools that can be rearranged for fun.
Lord Mayor Clover Moore said the number of high-quality entries was a testament to the City of Sydney’s commitment to design excellence.
“Green Square is Australia’s biggest urban development and one of Sydney’s fastest growing and most exciting new communities,” the Lord Mayor said.
“With 40,000 residents and 22,000 workers on the way, the City is moving ahead with the construction of new community facilities. Our new aquatic centre, parks and library will be at the heart of this growing community.”
Located on Joynton Avenue, opposite the former South Sydney Hospital, the aquatic centre will house an outdoor 50 metre, an indoor 25 metre pool, a leisure pool, a hydrotherapy pool and a gym.
The aquatic centre and park will form part of the commercial, retail and cultural heart of the $8 billion greater Green Square redevelopment on the city’s southern fringe.
An independent jury selected the five finalists in the design competition. The second stage over the next 10 weeks requires the finalists to prepare more detailed designs and carry out cost assessments.
The jury will recommend a winner to Council with an announcement expected later this year.
 The five members of the Aquatic Centre and Gunyama Park Competition Jury are:
Chair: Carey Lyon, architect – Director of Lyons, an award-winning architecture and urban design practice based in Melbourne; acknowledged leader in urban design, sustainability and the design of research/learning environments.
Professor Richard Johnson MBE AO, architect – Director of Johnson Pilton Walker, an award-winning architecture and urban design practice based in Sydney; Life Fellow of the Australian Institute of Architects; RAIA Gold Medalist;
Camilla Block, architect – Director of Durbach Block Jaggers, an award-winning architecture and urban design practice based in Sydney; acknowledged design leader for residential, commercial and civic projects;
Professor Gini Lee, landscape architect – Elisabeth Murdoch Chair of Landscape Architecture, University of Melbourne; registered landscape architect; member of City of Melbourne Parks &amp; Gardens Advisory Committee; and
Greg Holman, architect/aquatic buildability and construction – Principal Architect at Harry Seidler &amp; Associates, in charge of the winning design and construction oversight of the Ian Thorpe Aquatic Centre in Sydney. 
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Five finalists shortlisted for City of Sydney’s Green Square Aquatic Centre designs

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Probuild has been selected to construct the latest expansion at the Chadstone Shopping Centre in Melbourne.
It will add an office tower along with extension to the retail with the capacity for a future hotel.
Probuild has completed every major stage of the shopping centre since 1989. Work on the 29th stage starts this month.
The prior 28 stages have occurred over 21 years of transformation.
The project for CFS Retail will add 34,000 square metres taking it to more than 212,000 square metres.
Probuild is one of Australia’s largest construction companies, with an annual turnover of $1.5 billion and a staff of 1,100 nationally.
Image courtesy of Alpha/Flickr/<a href="https://creativecommons.org/licenses/by-sa/2.0/" target="_blank">Creative Commons</a>.
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Chadstone expansion project goes to Probuild

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A top floor Hawthorn East penthouse  in the Aerial development is on the market, seeking a $3.8 million buyer.
The 901/480 Riversdale Road, Hawthorn East, <a href="https://www.aerial.com.au%20" target="_blank">Aerial Apartments</a> penthouse is being sold through Melbournia Group and is 260 square metres internally plus a 128 square metre wrap-around balcony.
Covering the entire top floor of the Aerial Apartments development, it includes four bedrooms, four bathrooms and four underground car parks, with a northerly aspect.
The Aerial development included 144 one-, two- and three- bedroom apartments, as well as a number of sub-penthouses. It is two towers, up to 14 levels in the tallest. At street level, the towers include retail tenants.
The development went off to a rocky start, being <a href="/expert-insights/buying/completion-of-fkp-s-apartment-project-aerial-in-camberwell-junction-delayed">delayed in 2012 due to weather and union issues</a>.
It was <a href="/news/vic/fkp-completes-construction-of-delayed-aerial-apartment-project-in-camberwell">finally complete in November 2012</a>.
With city skyline views, the penthouse comes furnished and is complete – offered in the final collection launch for the development.
Luxury features include ceilings up to 3.8 metres high, a stand-alone bathtub, a private lobby entrance and an integrated sound system.
The building was designed by Wood Marsh, and developed by AVEO Group, and offers a communal dining room, 24 hour concierge, a 12-seat cinema and a roof top pool and sun deck.
Melbournia Group’s Zoe Zhu said that it has had no expense spared and includes a kitchen that’s over double the size of a standard offering.
“The purchasers of this top level penthouse will be just moments from the region’s top private schools, prestigious shopping strips, incredible cafés and restaurants, the iconic Camberwell market and more,” noted Zhu.
“This penthouse represents the jewel in the crown of Aerial apartments and as such it had been held back from the market until recently after the building reached completion as we knew this apartment had to be seen to be believed.”
The penthouse is open for inspection by appointment.
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