A Brisbane apartment complex with 200 new units has launched on the market, and has already sold $121.9m worth of homes.
‘Duet Porta’, a 25-storey building in Hamilton, has sold 71 of its premium apartments during developer Red & Co’s presales campaign.
The project is expected to have an end value of $350m, and is part of Red & Co’s $800m masterplanned development for the riverside precinct.
Red & Co director David Laverty said he was proud of the positive results for the project, and construction on the building was well underway.
“Northshore Hamilton continues to evolve into one of Brisbane’s lifestyle-rich destinations,” he said. “However, opportunities to secure new premium apartment sites within the Portside precinct remain increasingly limited.
“Purchasers are placing increased importance on delivery certainty and proven developer capability.”
Sitting on 7,500 sqm of land next to Hamilton’s Portside Wharf, the building offers a range of one to three-bedroom apartments, with multipurpose rooms available in some two and three-bedroom units.
Prices begin at $1,044,750 for one-bedroom apartments, moving to a $2.26m starting price for three-bedroom units.
The project was designed by Plus Architecture, aiming to attract working, downsizing and migrating owner-occupiers.
Residents will have access to a rooftop recreation level, giving owners access to views over the Brisbane River, the CBD and Hamilton’s lifestyle hub.
The rooftop alone will include a 25-metre swimming pool and dining spaces under the Queensland sun, while the ground floor will give access to a large work-from-home space for buyers.
A gym, sauna, residents lounge and indoor/outdoor recreation spaces will also be found throughout the property, all a few steps away from Portside Wharf’s dining and retail options.
Marketed by TOTAL Property Group, managing director Adrian Parsons said the company had seen a strong response from first-home buyers as well as downsizers and interstate migrants.
“Brisbane’s apartment market continues to strengthen,” he said, “Particularly within tightly held riverfront locations where new premium supply remains limited.”
Leading builder 5Point is currently at work on construction, with an expected completion date of Q2 2028.
Originally Published in news.com.au by Nicholas Finch. View online article HERE.