Sold

<html><body>
<p>Melbourne property developer, Beulah, has achieved 100% settlement success on its $50 million South Melbourne development, Habitus Townhomes, with the majority of the townhomes settling at the peak of the Melbourne lockdown.</p>

<p>The <a href="https://www.urban.com.au/buildings/habitus-south-melbourne-10-16-boundary-street-south-melbourne">five-storey townhouse project at 10 Boundary Street</a>, which had the support of the CBA and the Lieberman family's Monark Property Partners, comprises 25 townhomes priced from $1.35 million.</p>

<p>Melbourne’s strict lockdown resulted in a suite of new sales tactics, ranging from virtual viewings throughout the lockdown period to settlement discussions over Zoom.</p>

<p>Beulah Managing Director, Jiaheng Chan, said the settlement success is a testament to the quality of the development and the design’s appeal.</p>

<p>“Reaching 100% settlement is an achievement in itself, let alone during a state-wide lockdown where in person consultations were off the table," she said.</p>

<p>Habitus is marketed as "a step up from apartment living and the future for Melbourne’s burgeoning apartment market." </p>

<p>The townhomes are designed as a vertical living unit with each floor dedicated to a different function.</p>

<p>A majority of the five-storey homes feature a home-office and garage level on the ground floor, a living space on the next level, with the remaining two floors encompassing a bathroom, bedrooms and an additional living space. Each home is topped off with a private rooftop terrace with a functional entertaining space (including an integrated BBQ) boasting views of the CBD skyline.</p>

<p>South Melbourne is also set to be the home of <a href="https://www.urban.com.au/new-apartments/riconic-melbourne-253-273-normanby-road-south-melbourne">R. Iconic</a>, the high-rise tower at 253-273 Normanby Road which is set to be completed at the end of 2022.</p>

<p>Urban <a href="https://www.urban.com.au/news/urbans-tour-of-the-riconic-display-suite">recently toured the display suite</a> of the 456 apartment development which has prices starting from $507,000.</p>
</body></html>

Melbourne property developer, Beulah, has achieved 100% settlement success on its $50 million South Melbourne development, Habitus Townhomes.

urban.com.au

100% settlement success achieved for Beulah's South Melbourne Habitus Townhomes

<html><body>
<div class="cq-article-content-paras section">
<p>Sales at Galileo Group's $200 million residential project Arlington Grove, which launched on Saturday, met expectations. </p>
<p><span>Off the plan buyers purchased 80 of Arlington Grove's 246 apartments at Dulwich Hill.</span></p>
</div>
<div class="cq-article-content-media section">
<p>The most popular apartments were the one bedroom+study and the two bed apartments.</p>
<p>Of the buyers 65% were owner-occupiers as<span style="line-height: 1.3em;"> proximity to the railway and park were a big positive.</span></p>
<p><span style="line-height: 1.3em;"><img src="/images/2015/05/08/700_grove.jpg" alt="" width="598" height="363"></span></p>
<p> </p>
<p><span style="line-height: 1.3em;">Parking was also a major drawcard as all apartments come a car space. <span>Apartments typically had leafy district or city skyline view.</span></span></p>
<p><span style="line-height: 1.3em;">The interior design by was by Smart Design Studio</span><span style="line-height: 1.3em;">.</span></p>
<p><span style="line-height: 1.3em;">The mix of apartments is 105 one bedrooms, 131 two bedrooms and 10 three bedrooms.</span><span style="line-height: 1.3em;"> </span></p>
<div class="page" title="Page 2">
<div class="section">
<table style="height: 215px; width: 565px;">
<colgroup>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td>
<div class="layoutArea">
<div class="column">
<p>1 bedroom </p>
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
<p>Up to 68 sqm internal </p>
</div>
</div>
</td>
<td>
<img src="file:///page2image30136" alt="page2image30136" width="0.480000" height="0.480000"><div class="layoutArea">
<div class="column">
<p>From $600,000 </p>
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
<p>2 bedroom </p>
</div>
</div>
</td>
<td>
<img src="file:///page2image32784" alt="page2image32784" width="0.480000" height="0.480000"><div class="layoutArea">
<div class="column">
<p>Up to 105 sqm </p>
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
<p>From $800,000 </p>
</div>
</div>
</td>
</tr>
<tr>
<td>
<div class="layoutArea">
<div class="column">
<p>3 bedroom </p>
</div>
</div>
</td>
<td>
<div class="layoutArea">
<div class="column">
<p>Up to 165 sqm </p>
</div>
</div>
<img src="file:///page2image38504" alt="page2image38504" width="0.480000" height="0.480000">
</td>
<td>
<img src="file:///page2image38976" alt="page2image38976" width="0.480000" height="0.480000"><div class="layoutArea">
<div class="column">
<p>From $1,350,000 </p>
<p><span> </span></p>
</div>
</div>
</td>
</tr>
</tbody>
</table>
<p><span style="line-height: 1.3em;">Galileo chief executive and founder Neil Werrett advised Fairfax Media he sensed the drop in May RBA interest rate cut had "no effect on the market." </span></p>
</div>
</div>
<p><span>The $200+ million Arlington Grove residential development has 246 apartments over eight levels in four separate buildings close to the local New Canterbury Road retail strip.</span></p>
<p><span><img src="/images/2015/05/08/700_grove2.jpg" alt="" width="600" height="364"></span></p>
<p><span>The new Arlington Light Rail is only a minute’s walk away, connecting residents to the CBD in just 30 minutes. </span></p>
<p><span>Construction is expected to begin in mid 2015 and be completed in mid 2017.</span></p>
<p><span><a href="https://arlingtongrove.com.au/">www.arlingtongrove.com.au</a></span><span> or the display suite at 6-26 Grove Street, Dulwich Hill.</span></p>
</div>
<div class="cq-article-content-paras section">
<div class="page" title="Page 2"> </div>
</div>
</body></html>

jchancellor-FAypfDUnLy

High owner-occupier numbers as Arlington Grove, Dulwich Hill secures 80 off the plan sales

<html><body>
<p>Listed in October 2012, retired lawyer Malcolm McLean and his artist wife, Jean, have finally sold their beachfront home at Whale Beach.</p>
<p>It was sold price undisclosed but presumably falling short of those initial ambitious price hopes of more than $10 million through Glenn Lee, of Raine &amp; Horne Palm Beach.</p>
<p>The Whale Beach Road property is two doors from the beachfront retreat of businessman and environmental activist Geoff Cousins, which sold just before the 2012 listing for a suburb record price of $13 million.</p>
<p>Cousins's property, named the Wedge after a nearby surf break, was snapped up within 10 days of hitting the market through Glenn Lee to then billionaire John Grill </p>
<p>Architect John Crawford designed the McLean residence, a modern, New England-inspired, five-bedroom house with sweeping beach views.</p>
<p>The McLeans' home sits on a 1567-square-metre block.</p>
</body></html>

New England-style Whale Beach trophy home sale finally comes

<html><body>
<div>
<p>The Westin Sydney hotel has been sold to a joint venture between Singaporean developer Far East Land and the Hong Kong-listed Sino Land Company for $445 million.</p>
</div>
<p>The Far East Organisation has purchased more than $1 billion of Australian real estate since the beginning of last year.</p>
<p>The GIC-owned Westin Sydney, at 1 Martin Place, is a five-star hotel with 414 rooms.</p>
<p>JLL and Colliers International were marketing the hotel which GIC purchased at $160 million in 2002.</p>
<p>Singapore’s Government Investment Corporation had <span style="line-height: 1.3em;">reported hopes of more than $400 million for the five star hotel.</span></p>
</body></html>

At $1 million a room, Westin Sydney sells

<html><body>
<div class="cq-article-content-paras section">
<p>North Queensland hotel, the Pullman Cairns International, has been sold for $75.08 million.<span style="line-height: 1.3em;"><br></span></p>
<p>Robert Magid's TMG Developments and its partner, the Singapore-based Ascendas Hospitality Trust, sold the hotel to the Melbourne-based Shakespeare Property Group, which is headed by private investor Yong Quek.</p>
<p>The landmark Accor-managed 321 room property overlooks Cairns Harbour.</p>
<p>It hosted the G20 finance ministers and Central Bank governors last year.</p>
</div>
<div class="cq-article-content-media section"><span style="line-height: 1.3em;">The sale includes the adjoining Village Lane Retail Centre and an underground commercial car park.</span></div>
<div class="cq-article-content-paras section">
<h2>T<span style="font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 1.3em;">he sale equates to a rate of $223,000 a key and a yield of around 8%.</span>
</h2>
<h2><span style="font-family: Tahoma, Helvetica, Arial, sans-serif; font-size: 12px; line-height: 1.3em;">Magid told the <em>Australian Financial Review</em> the sale gave the opportunity both build a "bit of a war chest" and to focus on his three "strongly trading" boutique properties – the Pier One Sydney Harbour, the Harbour Rocks Hotel and, in Melbourne, the Hotel Lindrum.</span></h2>
</div>
</body></html>

Pullman Cairns sold by Robert Magid

<html><body>
<p><span>Goodman Group's head of equities Nick Kurtis has sold his Mosman residence at around its $9.5 million price tag.</span></p>
<p><span>The contemporary home was on the market for about four weeks through John Melville and Michael Coombs at McGrath Estate Agents.</span></p>
<p><span>It was a 2012 Corben Architects designed home. The <em>Australian Financial Review</em> says Kurtis is to build another new home. </span></p>
<p><span>Nick Kurtis joined Goodman in 2000.</span></p>
<p>The contemporary home at <a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/house-mosman-nsw-2088/262691" target="_blank">37 Redan Street </a>on the Balmoral slopes was built on its 610 sqm block bought for $4.9 million in 2007.</p>
</body></html>

Goodman's Nick Kurtis sells Mosman home

<html><body>
<p>The Outer South West region of Sydney had a preliminary clearance rate of 100% from 22 total auctions, according to CoreLogic RP Data's Property Market Indicator Summary.</p>
<p>In the Eastern Suburbs, 105 properties went to auction -  a clearance rate of 80.5%.</p>
<p><span style="line-height: 1.3em;"> </span></p>
<p><a href="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.16.28%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.16.28%20AM.png" alt=""></p>
<p><a href="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.17.50%20AM.png" target="_blank">Click to enlarge</a></p>
<p><img src="/images/2015/08/17/Screen%20Shot%202015-08-17%20at%2011.17.50%20AM.png" alt=""></p>
</body></html>

Sold

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sold

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News