Gold Coast luxury tower Spirit is selling fast with $32m in deals

NEW sales figures reveal a $1.2 billion supertower set to become the southern hemisphere’s tallest is the hot new address on the Gold Coast, with millions of dollars’ worth of sales already made. And there’s a big reason why.

LAUNCH sales of the newest luxury tower on the Gold Coast are off to a sprint worth $3m a day, injecting confidence into the apartment sales market.

Spirit, which will climb to a whopping 89 storeys a block back from the beach in central Surfers Paradise, has recorded deals of $32m since its launch on July 6.

Looking classy. Artist impressions of Forise's $1.2 billion Spirit tower. Picture: Supplied by Forise

The initial sales have mainly come from interstate and overseas buyers keen to be among the first to secure a residence in the landmark project, a Spirit statement reveals.

Ray White Projects director Julian Sutherland, overseeing the sales, told the Bulletin: “Interstate buyers are naturally comparing these residences with what is available in their home markets and the sales we’ve experienced clearly reflect the value proposition that Spirit offers.”

PENTHOUSE OF $1.2 BILLION SPIRIT TO COST $41M

Ray White Surfers Paradise Group CEO Andrew Bell said he had to put on additional staff after a “crazy busy” first week of inquiries.

Check out that view though. Artist impressions of Forise's $1.2 billion Spirit tower. Picture: Supplied by Forise

“We expected the keen interest, when something new becomes available everyone wants it,” Mr Bell said.

“Right now we have a very steady market across the board of both brand new and second hand.

REVEALED: THE COST TO LIVE ON THE GOLD COAST

“There’s been a number of new buildings that have come online stirring up the market giving buyers some choice and increasing interest. Each year we get more and more people from Sydney and Melbourne who move here, are used to living in apartments.”

Have you seen anything like this? Luxury unrivalled anywhere in Australia: the world’s best residential towers is the promise for the Gold Coast’s new super tower, Spirit, which was officially launched to the market this month.

The Star site’s third tower at 53 storeys, starting construction next month, racked up $185 million in its first 14 weeks on the market, with 321 of its 423 units sold by January.

The $1.2 billion mixed-used Spirit development will join nearby 77-storey Q1 as one of the highest on the Gold Coast skyline at completion in 2021.

Mr Sutherland said early strong sales data indicated pent-up demand for luxury apartment living on the beachfront in the heart of the Gold Coast’s leisure and dining precinct.

“The early market response to Spirit has been quite strong and we’re pleased to see buyers recognising the premium position of these residences in the Australian market,” Mr Sutherland said.

“That’s not surprising for a luxury residential development that really has no peer in the domestic market,” he said.

“Apart from the prime location, buyers have also been captivated by the size of Spirit apartments and the scale of living space they offer.

“One-bedroom apartments, for example, are the size of an average two-bedroom apartment, but with all lifestyle inclusions that are unsurpassed.”

Spirit. Supplied

Unique features for occupants include butlers for individual apartments on request plus personalised grocery shopping and flower deliveries.

Extra pay-per-use services include car washing and detailing, babysitting, newspaper delivery plus pet vacation care and grooming.

The site precinct will have an infinity pool, restaurants, cocktail lounge bar, banquet room and wine cellar along with a 24-hour concierge service.

Apartment prices start at $1.166m for one bedrooms, averaging 107 sqm.

Three bedroom, three bathroom residences range from 220sq m to 295 sqm roughly equivalent to a four-bedroom, two-storey family home. The starting price for these is $2.141m.

The Bulletin last month revealed Spirit’s piece-de-resistance is a two-storey penthouse with 2000sq m in floor space and 628sq m of balconies with four bedrooms, five bathrooms and four carparks for $41m.

Imagine living here! Artist impressions of Forise's $1.2 billion Spirit tower. Picture: Supplied by Forise

It comprises 479 apartments and is being developed by Australian-based Foriseland with backing from China’s Fu Hua Group. The site is bounded by Hanlan Street, Northcliffe Terrace and Trickett Street.

SPIRIT SALES

— $32 million in week one sales

— One bedroom units from $1.166m

— Three/four-bedroom units from $2.141m

— 479 apartments for sale in total