Seven one-bedroom apartments in the Jewel private residences on Queensland’s Gold Coast have been released to the market years after completion of the tower, which is controlled by Chinese interests.
The apartments with multi-purpose rooms fronting the southeast Queensland beachfront are priced from $1,195,920.
One of the Gold Coast’s biggest developers, Meriton’s Harry Triguboff, recently told Mansion that it was easier to rent apartments on the Gold Coast than sell them at present.
But Jewel marketing agent Total Property Group managing director Adrian Parsons said “considering the strength of the Gold Coast market, we don’t expect this limited collection of the final seven one-bedroom plus multi-purpose apartments to remain on the market for very long”.
“This collection of beachfront apartments is an incredible find in today’s undersupplied market,” Mr Parsons added.
He said recent releases have already sold out and the Gold Coast had an undersupply of completed luxury property while the region continued to boom.
The apartments in the Sapphire Tower Collection of Jewel Private Residences have access to five-star amenities in the adjoining Langham, Gold Coast hotel, including a lagoon pool with swim-up bar, cafe, restaurants and bars.
Two and three-bedroom apartments are also available in the Sapphire Collection, and the premier Diamond Tower Collection also has one, two and three-bedroom plus multi-purpose room apartments available.
AW Jewel general manager Yutao Li said he was pleased with how the apartment release strategy had been implemented and said each stage was carefully planned to meet market demand.
“The Sapphire Tower Collection one-bedroom apartments are an opportunity for smaller households to own a brand-new apartment on absolute beachfront in a world-class development,” Mr Li said.
“Holiday homeowners and investors are finding the Sapphire Tower Collection very attractive, being attached to The Langham Gold Coast that not just offers the perfect Gold Coast getaway, but good returns via the holiday letting pool and strong capital gains as well.”
Originally published by Lisa Allen in The Australian Business Review. View article online HERE.