Villea, Palm Beach apartment development, secures 50% of sales in first month
The Palm Beach apartments market is showing no signs of slowing down.
Within the first month of its marketing, the Villea apartment development by the Sydney-based Abadeen Group, has locked away buyers for half of the apartments in the Mawarra Street block of 69.
CBRE's Director of Residential Projects, Nicholas Clydsdale, says there's been a real mix of buyers in the development, Abadeen's first outside of Sydney.
“Apartments under $750,000 have had a strong uptake from first home buyers, while units over $850,000 have been snapped up from owner occupiers who love the protected Northern views to Burleigh Headland,” Clydsdale said.
“I think the rapid sales success we’ve had stems from the considerable value buyers recognise in Villea, with a high-end design and central positioning that offers an extremely reasonable entry point into the Palm Beach market without having to compromise on quality.”
Just 32 two and three-bedroom apartments now remain in the eight-level, BDA Architecture-designed building, which are priced from $675,000.
“Given the rate with which the first apartments vanished from the market, we expect the final allocation will be completely sold out within the coming weeks,” Clydsdale suggested.
Villea sits ideally off the Gold Coast Highway, just 400 metres from the Palm Beach shoreline and 800 metres from the popular swimming spot Tallebudgera Creek. Villea will have picturesque views across the coastline, Burleigh Headland and the hinterland.
Residents of Villea will have access to a resort-style pool, fully equipped gym, recreational BBQ area and boutique retail strip on the street-level.
“65% of purchases so far have come from Queensland locals, but a considerable 35% of buyers are Sydney residents, which is a rather impressive testament to Abadeen’s reputation which has pursued them into the Gold Coast marketplace,” Clydsdale added.
“I think whether you’re familiar with the Gold Coast or not, there’s no denying Palm Beach is the precinct with it all, and Villea is sat right at its core.”
Abadeen is an experienced developer that has completed more than $1.3 billion in residential and commercial projects over the past 20 years, predominantly in NSW.
