House and Home Design - Realestate Passion
CLOCKING up more than $32 million in sales since its official launch 10 days ago, Foriseland’s 89-level Spirit development, has proven popular with interstate and international buyers.
Ray White Projects director Julian Sutherland said the majority of the initial sales were from interstate and overseas buyers keen to be among the first to secure a residence in the landmark project.
“The early market response to Spirit has been quite strong and we’re pleased to see buyers recognising the premium position of these residences in the Australian market,” Mr Sutherland said.
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He said the strong early response for the $1.2 billion mixed-use development in central Surfers Paradise came on the back of pent-up demand for luxury apartment living in the beachfront dining and leisure precinct.
“That’s not surprising for a luxury residential development that really has no peer in the domestic market,” he said.
“Interstate buyers are naturally comparing these residences with what is available in their home markets and the sales we’ve experienced clearly reflect the value proposition that Spirit offers.”
Mr Sutherland said many of the buyers have been owner-occupiers looking to downsize to a bigger lifestyle.
“In the case of Spirit, this is not downsizing in the conventional sense,” he said.
“Apart from the prime location, buyers have also been captivated by the size of Spirit apartments and the scale of living space that they offer.
“One-bedroom apartments, for example, are the size of an average two-bedroom apartment, but with all lifestyle inclusions that are unsurpassed.”
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Apartment prices start from $1.166 million for one bedrooms and average 107sq m in size.
Construction has begun on the prime Surfers Paradise site which is bounded by Hanlan St, Northcliffe Tce and Trickett St.
Spirit, which comprises 479 apartments, is backed by China’s Fu Hua Group and the project is being developed by its Australian arm Foriseland.
Spirit is scheduled for completion in 2021.