Gold Coast development: Surfers Paradise tower chalks up $40m in sales over a month

A proposed Surfers Paradise tower has chalked up an astonishing number of sales in the midst of the COVID-19 pandemic.

A PROPOSED Surfers Paradise tower has chalked up more than $40 million in sales in the midst of the COVID-19 pandemic.

Units inside the Cannes Surfers Paradise project have been rapidly snapped up ahead of construction beginning on the riverfront project.

Of the 96 units in the Marquee Development Partners tower, 50 were sold from February into March, with price tags ranging from $564,900 to $2.3 million.

An artist’s impression of the new 15-storey tower planned for Cannes Ave, Surfers Paradise. Picture: Supplied

Construction is expected to begin mid-year, with the first residents to move in by late 2021.

Among those who have bought units is Doris White, the mother of the project’s sales manager, Azura Griffen.

Ms White said she had chosen to move as part of an effort to downsize.

“I can picture myself reading by the pool and having a glass of wine at the sunset bar watching the boats pass, then enjoying a night on the rooftop under the stars,” she said.

A view from the tower.

“I’ve lived in Robina for about 12 years and previously lived in Brisbane and Sydney, so a move to the Broadbeach-Surfers area will be a nice change of pace. It’s an area that has really come up in recent years with the development of Home of The Arts and new restaurants and cafes popping up.”

Ms Griffen, a 20-year veteran of the real estate industry, said she had ben surprised by the speed of the sales.

Inside one of the units.

MORE NEWS

Police step up coronavirus patrols on beaches

Tweed council demands NSW border is shut to Queensland

Crisis meeting as Versace hotel owners face going bust

“The majority of purchasers have been from Brisbane and the Gold Coast, acting quickly to be part of this truly unique community,” she said.

“Our sales have continued in recent weeks with people moving ahead with confidence due to the project’s quality and unique location.”

It is the second Coast tower to record a major sales boost in recent months.

In February more than $50 million worth of units were sold in a single weekend at the Spye Group’s proposed Burleigh Heads tower Natura, achieving a clearance rate of nearly 80 per cent.

Both towers are part of a growing trend of unit towers aimed at downsizers.