Project marketers overseeing the 64-storey Queen’s Wharf Residences development in Brisbane have reported the sale of more than 90 per cent of the apartments in the mega-project.
Since launching in March, 610 of the 667 apartments on offer within the development have sold with a number of one and three bedroom apartments remaining.
YPM group director Bryce O’Connor said the Cottee Parker-designed development had attracted an “unprecedented” level of inquiries and sales.
“We know that the local market has been waiting for something quite special to come along.”
O’Connor said the mix of buyers included young inner-city professionals looking for a new lifestyle destination close to work, as well as downsizers looking to take advantage of all the amenity.
Residential amenities within the development will include a resort-style pool, elevated outdoor spas, yoga spaces, steam room, sauna, gym, wine lounge, business centre, private dining rooms, cinema, barbecue areas and multiple leisure spaces.
The development also features high-end three-bedroom apartments from the 45th floor upwards, priced from $2.75 million.
Less than 60 apartments remain for sale on levels eight to 64 of the tower, with views across either the Brisbane River and South Bank, or the 17-hectare City Botanic Gardens and the Story Bridge.
The development, being delivered by the Destination Brisbane Consortium—a joint venture led by The Star Entertainment Group alongside its Hong Kong-based partners, Chow Tai Fook Enterprises and Far East Consortium—is currently under construction.
Once complete the residential and casino precinct will become home to four new luxury hotels, 2,000 residential apartments and the equivalent of 12 football fields of public space.
The construction process has already included 5,000 tonnes of steel; 41,000 cubic metres of concrete; 400,000 cubic metres of fill, timber and debris as well as 90 per cent recycled material.
The Queen’s Wharf development features a collection of culturally significant heritage buildings and places in Australia, dating back to the early 1800s.
The nine heritage buildings—recognised as one of the most popular drawcards for buyers—will be restored and transformed into new shopping outlets, restaurants and spaces for events, entertainment and performances.
Queen’s Wharf Residences is set to be completed in mid-2023, with the integrated resort slated for completion in 2022.
Source: Urban Developer