Lol omg S$1k psf for melbourne new launch 1bedder
There was no lack of interest at the sales launch of Australia 108, touted to be Melbourne's tallest building, yesterday.
When completed in 2019, the freehold, 1,105-unit project in Southbank, near Crown Casino, will stand tall at 319m. This is just 3m shy of the aviation limit for Southbank, said developer World Class Land, a subsidiary of Singapore-listed Aspial Corp.
The developer said 125 out of 193 released units were sold at prices from A$410,000 (S$463,000) to A$580,000 for one-bedders, which start from around 456.4 sq ft, and A$520,000 to A$899,000 for two-bedders, which start from 622.2 sq ft. Buyers were a mixture of Singaporeans and foreigners. Construction is expected to begin next year.
Australia 108's prices are comparable with Hiap Hoe's Marina Tower Melbourne in the Docklands, launched in July, consultants said.
At yesterday's launch, units on nine floors between levels 11 and 67, or the "Sky Residences", were released. These are the smaller units, of studio, one-bedroom, one-bedroom and study, and two-bedroom configurations.
The higher levels 72 to 97, or "Cloud Residences", offer larger units, including a 8,661 sq ft super penthouse on the 100th storey which is said to offer 360-degree views for a "top of the world sensation". These are expected to be launched in one to two weeks' time.
One buyer of a one-bedroom unit yesterday said Australia 108 was his first investment property.
"It's in the heart of the city and will be easy to rent out. It's also close to the Melbourne Cricket Ground and I'm interested in the sport," said a 42-year-old engineering firm director who wanted to be known as Nathan.
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