Azzura approach sell out of Imperial Square's Regal Residences. Southport apartments
The $2.3 billion Imperial Square by Azzura, in the heart of Gold Coast's Southport area, is nearing a sell out of its first stage.
Imperial Square has drawn in an influx of eager buyers and investors from both local and interstate markets.
Comprising 143 apartments, Regal Residences delivers a mix of one, two and three-bedroom apartments, as well as two four-bedroom penthouses to the larger Imperial Square masterplan, which will see three buildings erected across the site at 59-73 Meron Street.
Since the release of Stage 1, which saw more than 30 per cent (53) of the residences sold by the end of the first quarter of 2021, resulting in $34 million in sales, the demand for the high-end apartments has continued to surge.
A combination of factors has fuelled the surge in demand, with the Gold Coast experiencing a wave of interstate migration and a resurgent property market. The Imperial Square complex itself has achieved high buyer interest with its ambitious vision and offering of a plethora of amenities and luxuries.
A suite of resort-inspired amenity is on offer in the Regal Residences, including the Resident's Lounge, a gym, foyer, bar, as well as a rooftop infinity pool and seating area providing views of the coastal landscape.
There's only a small selection of one and two-bedroom apartments remaining in the first stage release, with prices starting from $420,000.
The success of Regal Residences is not an isolated case in the Gold Coast's property market. According to recent CoreLogic data, Gold Coast units have consistently displayed strength in 2023. Last month alone, unit values rose by 1.5 per cent, the highest monthly gain across all capital cities in Australia, while the rolling quarterly gains of 3.9 per cent are the strongest nationwide.
Read more: City Beat July 2023: Gold Coast unit market the strongest in the country
The robust performance in the Gold Coast's property sector is a testament to the region's appeal, drawing both local and interstate buyers looking for a coastal lifestyle amid the flourishing development and vibrant community.
