Buyers have splashed $60m on 30 apartments in Jewel Private Residences in just two weeks.
All 100 luxury apartments already released to the market in three stages at Jewel Private Residences have now been sold to the tune of $200m.
The 30 apartments in stage three were released to market at the end of September and sold during October.
Australian investment and development company AW Holding Group delivered the $1.5 billion three-tower landmark precinct Jewel to the Gold Coast, encompassing the five-star hotel tower The Langham, Gold Coast and two towers dedicated to the premium residential apartments in Jewel Private Residences.
The Sapphire Collection of apartments in tower one have been attracting buyers from the Gold Coast, Brisbane, Melbourne, Sydney and New Zealand.
Prices for apartments in the Sapphire Collection range from $948,000 to $6.5m.
Property titles have now been received on the Diamond Collection apartments in tower three with preparations underway to present another collection of apartments to the market.
Total Property Group Managing Director Adrian Parsons said buyer confidence was high for Jewel Private Residences as the only new completed beachfront development on the market.
“Apartment buyers have been able to take immediate ownership of their brand-new apartments on absolute beachfront at Jewel Private Residences, which is a unique opportunity in today’s market, particularly on the Gold Coast,” Mr Parsons said.
“Buyers of prestige property recognise this as a unique opportunity and have been acting quickly to secure their luxuriously appointed apartments to enjoy absolute beachfront with five-star amenity – and that includes a fine dining restaurant, a sophisticated lobby bar and beachfront cafe.
“Jewel is exceptionally well positioned between the prime coastal destinations of Surfers Paradise and Broadbeach on a quieter stretch of beach away from the crowds, offering a more peaceful and natural beach experience.”
Originally published on RealEstate.com.au. View article online HERE.