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17-08-2015, 11:40 PM
Penthouse stock in final release
244 words
15 Aug 2015
Courier Mail
COUMAI
English
OVERWHELMING buyer demand has prompted developers to fast-track the final stage of the $232 million Coorparoo Square project.
Joint-venture developers Australand and Honeycombes Property Group have secured more than $117 million in sales, with over 90 per cent of stage one apartments now sold.
The next stage, to be released in October, will include a mix of one and two-bedroom apartments plus a limited number of penthouses.
Australand Queensland residential general manager Cameron Leggatt said strong interest from local owner-occupiers had absorbed much of the higher-priced stock in the initial offering.
“The remaining stock in the initial release is some of the most affordably priced apartments in the project, with two-bedroom, two-bathroom apartments starting from $535,000 and three-bedroom, two-bathroom layouts from $740,000,” he said.
Honeycombes Property Group managing director Peter Honeycombe said there was already pent-up demand for the project’s final stage.
“Due to this overwhelming demand and inquiry we are bringing on the next state of Coorparoo Square several months ahead of our original schedule,” he said.
“There is a high volume of people who have already expressed their interest in the final stage – and this will be their last opportunity to purchase at Coorparoo Square.The final release will include 115 apartments. On completion, Coorparoo Square will comprise of 360 apartments, a 6000sq m retail precinct and a 10-theatre Dendy Cinema complex.
News Ltd.
244 words
15 Aug 2015
Courier Mail
COUMAI
English
OVERWHELMING buyer demand has prompted developers to fast-track the final stage of the $232 million Coorparoo Square project.
Joint-venture developers Australand and Honeycombes Property Group have secured more than $117 million in sales, with over 90 per cent of stage one apartments now sold.
The next stage, to be released in October, will include a mix of one and two-bedroom apartments plus a limited number of penthouses.
Australand Queensland residential general manager Cameron Leggatt said strong interest from local owner-occupiers had absorbed much of the higher-priced stock in the initial offering.
“The remaining stock in the initial release is some of the most affordably priced apartments in the project, with two-bedroom, two-bathroom apartments starting from $535,000 and three-bedroom, two-bathroom layouts from $740,000,” he said.
Honeycombes Property Group managing director Peter Honeycombe said there was already pent-up demand for the project’s final stage.
“Due to this overwhelming demand and inquiry we are bringing on the next state of Coorparoo Square several months ahead of our original schedule,” he said.
“There is a high volume of people who have already expressed their interest in the final stage – and this will be their last opportunity to purchase at Coorparoo Square.The final release will include 115 apartments. On completion, Coorparoo Square will comprise of 360 apartments, a 6000sq m retail precinct and a 10-theatre Dendy Cinema complex.
News Ltd.
(05-07-2015, 10:43 PM)greengiraffe Wrote: http://bmag.com.au/your-brisbane/suburb-...tural-hub/
http://www.australand.com.au/Projects/Co...roo-Square
http://www.honeycombesproperty.com.au/De...?tabid=143
Newbies lead way
221 words
4 Jul 2015
Courier Mail
COUMAI
English
© 2015 News Limited. All rights reserved.
FIRST-HOME buyers have led the charge for apartments in the $232 million Coorparoo Square project, which has chalked up $100 million worth of sales in about five weeks.
Developer Peter Honeycombe, of joint developer Honeycombes Property Group, said almost 20 per cent of inquiries were from first-home buyers.
“The inner-Brisbane apartment market is a competitive space, so the high volume of owner-occupier and particularly first-home buyer activity is very positive,” he said.
Joint developer Cameron Leggatt from Australand Queensland said the local market had responded well, with particular interest from Coorparoo and neighbouring suburbs including Carina, Carindale and Camp Hill.
First-home buyer Aaron Pullen spent several months searching for a new apartment.
“I came across Coorparoo Square and it met my needs in terms of proximity to the CBD and had the bonus of excellent public transport links and lifestyle amenities,” he said.
The development – to be built on the 1.2ha site of Brisbane’s first Myer department store – includes three towers with more than 360 apartments, 6000sq m of retail space, a pool, gym and 10-screen Dendy Cinemas .
Prices start at $402,000 for one-bedroom, one-bathroom apartments.Qualifying first-home buyers can purchase with a 5 per cent deposit, instead of the standard 10 per cent.
News Ltd.
Document COUMAI0020150703eb7400055
