Orama on Chevron Island hits 80 per cent sold as construction continues

Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama
Orama on Chevron Island hits 80 per cent sold as construction continues
Joel Robinson May 20, 2024SALES UPDATE

Aniko Group has sold over 80 per cent of the apartments at their under-construction Chevron Island apartment development, Orama.

Only 21 apartments remain in the 21-level building. Priced from $1.25 million, there are a mix of two-bedroom, two-bathroom plus study configurations, as well as three-bedroom sky homes on the upper levels that are topped off by two luxury penthouses. 

Positioned in the thriving Chevron Island precinct, Orama offers discerning buyers well-priced luxury in a rapidly growing market. Under the leadership of George Mastrocostas, Aniko Group’s robust sales campaign has swiftly moved apartments, leaving scarce inventory remaining as downsizers flood the limited opportunities in the Gold Coast market. 

Mastrocostas said the sales success of Orama reaffirms that downsizers are the primary market driving the Gold Coast’s appetite for premium living experiences.

“These remaining apartments represent a rare opportunity for buyers to secure their slice of premium living in this coveted location”. 

Orama's rooftop amenity level includes a pool, spa, gym, yoga and Pilates room, residents' lounge with indoor and outdoor dining options, barbecue facilities, and a fully equipped business centre.

Peter Malady, sales and marketing director of Aniko Group, said their strategic pricing and emphasis on luxury amenities have resonated particularly well with local downsizers, who don’t just seek a residence, but a lifestyle tailored to their needs and desires.

"Orama epitomises our dedication to creating spaces where luxury seamlessly intertwines with everyday living, through meticulous attention to detail and a deep understanding of our buyers' preferences”. 

Aniko Group’s in-house construction team, having completed their latest Hope Island development, are on track for a late 2025 completion date of Orama.

Aniko is currently awaiting approval for the $2 billion The Landmark at Mermaid Beach, their four-tower masterplan that will bring just shy of 1000 apartments to the tight Gold Coast unit market.

Joel Robinson

Joel Robinson is the Editor in Chief at Urban.com.au, managing Urban's editorial team and creating the largest news cycle for the off the plan property market in the country. Joel has been writing about residential real estate for nearly a decade, following a degree in Business Management with a major in Journalism at Leeds Beckett University in England. He specializes in off the plan apartments, and has a particular interest in the development application process for new projects.

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