After a surge in recent spending — $40 million worth of property has sold since Easter — Brookfield Multiplex yesterday said it was confident in an upcoming sellout.
Since April, purchasers either secured or placed deposits on 27 apartments in the dual-tower project.
The sales included a mix of two- and three-bedroom apartments and averaged $1.5 million each.
Buyers came from Brisbane, Gold Coast, Sydney, Melbourne and internationally, including from India, Singapore, China and Dubai.
Brookfield Multiplex sales and marketing director, Tim Willing, said April was one of the strongest months for the development since its relaunch to the market last June.
He also said he was confident that properties would settle, given the recent statistics.
“It is something that we might have been concerned about if we weren’t doing so well,” said Mr Willing.
“Two of our last four sales have been at the top end of apartments currently available; both three-bedroom residences priced between $2 million and $3 million,” he said.
Mr Willing said the strong recent demand came after $31 million in sales secured earlier this year.
The first high rise, Boulevard Tower, is sold out with settlements expected in December 2010.
Three-quarters of apartments have sold in the second tower, Orchid Tower.
Settlement for that tower is December 2011.
“We are finding the larger three-bedroom residences are predominantly attracting the owner-occupier market, while our two-bedroom apartments are receiving strong interest from both owner-occupiers and investors,” he said.
Mr Willing said fast construction was driving demand.
Construction of the Boulevard Tower, which will feature 186 apartments, is on track for completion late this year.
Orchid Tower, which will comprise 224 residences and a 169-room Hilton hotel, is expected to be completed in the second half of 2011.