MRCB's 26 Vista, Surfers Paradise apartments over 50% sold as sales reach $170 million
Buyer interest continues for MRCB International’s Gold Coast project 26 Vista, as it attains another record-breaking quarter surpassing $170 million in total sales.
Since launching to market in early 2023, the success of 26 Vista in Surfers Paradise is credited to the large demand from interstate buyers, which has positioned the project as the top choice for buyers looking to purchase in Queensland.
Despite the current market fluctuations, strong interest in the purchasing of luxury apartments on the Gold Coast continues to remain, especially topped with the recent surge in local downsizer inquiries since MRCB secured funding from Malaysian financial institution MBSB Bank in June 2023.
Urban Activation's CEO and lead sales agent Matt George said buyers from Brisbane, Melbourne and Sydney continue to show keen interest in 26 Vista.
"We anticipate the increase in downsizers to progress,” George said.
26 Vista also pioneers as the future of sustainability on the Gold Coast, fast securing itself as the ‘Greenest Tower on the Gold Coast’, exclusively offering EV car sharing with Outbound, setting a new standard for residential buildings on the Gold Coast.
Buyers have been drawn to the lifestyle on offer at 26 Vista, with its lush private rooftop gardens and sky-high residents' lounges, providing 360-degree views of South East Queensland, along with offering a hotel-styled wellness precinct featuring a state-of-the-art gym, outdoor yoga space, outdoor pool and spa, sauna and a steam room.
MRCB International CEO, Ravi Krishnan, is delighted by the influx of interest in 26 Vista, stating it's a true testament to the commitment that MRCB shows in each of their projects.
“We are committed to setting new benchmarks in residential developments, making the choice to introduce the groundbreaking vision of 26 Vista to the Gold Coast Skyline," Krishnan said.
"In designing 26 Vista, our aim was to mirror the dedication we bring to all our projects, carefully crafting a sustainable yet prestigious living experience for both current and future residents of Surfers Paradise. We firmly believe that 26 Vista is poised to emerge as the greenest tower on the Gold Coast skyline, whilst upholding a heavy focus on luxury and top-tier finishes."
Urban Activation predicts 2024 will maintain the strong momentum of 2023.
Matt George forecasts $200 million in sales for the next quarter of 2024. The current buyer demographic for the Gold Coast remaining financially stable, as well as the forecasted interest rate reductions in late 2024, coupled with continued undersupply of premium apartments on the Gold Coast are all anticipated to drive sales momentum with massive demand.
"Buyers are recognising the unparalleled value in the beachside location and the unprecedented level of finishes that 26 Vista brings to the Gold
Coast," George said.
"As we get closer to breaking ground on site, we've seen increased enquiries, for our range of three and four-bedroom apartments which all capture panoramic views over the Gold Coast."
Construction for 26 Vista is set for late 2024, with a builder to be named in the coming months.
