Nothing breeds confidence in the off the plan property market like firm construction timelines.
Completion dates can be the overarching factor in a prospective buyer’s decision to purchase or not.
In the off the plan purchasing journey, most buyers have an idea when they want their new property to be ready, and will base the timelines of their current living situation around that.
A number of projects on the Gold Coast are at development application stage, and there are a number which are approved but are waiting for two factors; market conditions to change to become slightly more favourable based on their product mix, and build costs to come down a little further before announcing they’re on the market.
We’ve wrapped up the top apartment projects currently aiming for a 2024 completion date.
Location: Chevron Island
Developer: Aniko Group
Promionent developers Aniko has branched out from Hope Island, taking to the burgeoning Chevron Island for their latest development.
Orama will rise 21 levels at 12-16 Weemala Street, conveniently located just off Thomas Drive, the retail, food and cafe hub that dissects the island.
The site is also located on the sought-after eastern side of Chevron Island, which makes it just a short 950 metre walk over the bridge to the heart of Surfers Paradise.
102 apartments will be constructed within the tower, which Aniko is tipping to be completed by late 2024.
Six residences will take up a spot across each floor, with the lower levels comprising two-bed, two-bath configurations, while the higher levels will feature three-bedroom skyhomes and two penthouses.
Plus Architecture has designed the tower, which will feature a sprawling rooftop recreation area overlooking Surfers Paradise.
The entire 21st level will house a lap pool and spa with 180 degree views across the ocean, a gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.
Developer: Andrews Projects
The Danny Andrews-led Andrews Projects has seen keen interest from buyers since launching their Robina project Cascade to the market.
The group has secured $125 million in pre-sales at the $250 million 116 Lavar Drive project, with its desirable location in the heart of the master planned suburb a major drawcard.
Two boutique 15-storey towers will be constructed across the site, offering a mix of two and three-bedroom apartments, as well as an exclusive collection of three-bedroom penthouses.
The residences will feature large open plan kitchens, living and dining spaces, along with full-height double glazed windows, Miele appliance, Caesarstone benchtops and fully ducted air-conditioning.
A 25-metre magnesium pool, gym, spa pool and sauna form part of the state-of-the-art wellness centre set to be on offer in Cascade, while generous landscaping complements the lush communal areas which include an amphitheatre and private poolside cabanas.
Cascade is also planning for a late 2024 completion date, with a number of two and three-bedroom floorplans still remaining.
Location: Mermaid Beach
Developer: Hirsch & Faigen
Hirsch & Faigen’s $200 million Yves is set to wrap on construction in August next year.
Comprising 145 luxury residences, all the one-bedders have been sold in the Mermaid Beach development, with just two and three-bedroom apartments remaining, in addition to the remaining half-floor and full-floor sub-penthouse and penthouse.
Construction giant Hutchinson’s began the build in May last year on the prime 7-9 Mermaid Avenue site, just metres from the famed Hedges Avenue beachfront strip.
Designed by Rothelowman, the project is the third Gold Coast development for Hirsch & Faigen, with each building crowned by outdoor rooftop seating.
Residential amenity will feature in the shared lobby, which have been designed as greenhouses to create a suburban feel.
A north-facing swimming pool will be the centrepiece of the offering, with the space complete with an additional pool and yoga deck, a gym, sauna, recreation lounge and barbecue seating.
Article source: www.urban.com.au