Monday, November 3, 2008

Trilogy or Soleil?

With Empire Square and Vision both gone, it seems that the only two large inner city high rise on the horizon are Trilogy Tower and Meriton's Soleil. Both are similar heights, in a similar location, and are apartments without balconies. Both will have hotel / serviced apartments. Both will complete about the same time. I hear that some people who were initially interested in Trilogy are now interested in Soleil. They are different products. Soleil is cheaper on a price per sqm basis, and probably a different level of quality.

Trilogy (Mirvac managed hotel apartments) (residential apartments not yet on sale so not part of this comparision)

  • 16 apartments per floor, over 12 levels. 192 apartments in total
  • 3 elevators
  • 1 and 2 bedroom configurations
  • sold furnished, if one signs up with Mirvac
  • 6% rental guarantee
  • on sale for more than 3 months
  • about 60 to 70 reported as sold
  • one bedroom size - 53 to 59 sqm, most without car parking
  • two bedroom size - 70 to 89 sqm, with 1 car park
Example pricing for 1 bedroom:
Level 35, East view - $530,000
Level 41, East view - $555,000
Level 41, River view - $570,000
2 bedrooms:
Level 35, river view
- $890,000
Level 37, corner apartment, NE river view - $945,000
Level 37,
corner apartment, SE river view - $940,000

Soleil - residential apartments

  • 5 to 7 apartments per floor. 188 apartments on sale, with others being held by developer
  • 3 elevators
  • 1, 2 and 3 bedroom configurations
  • sold unfurnished
  • rental guarantee
  • on sale for about 10 days
  • less than 10 sold
  • one bedroom size - 46 to 62 sqm, without car parking
  • two bedroom size - 71 to 83 sqm, with 1 car park
2 bedroom apartments
Level 31, city view over Adelaide Street: $509,000
Level 40, views over All Hallows: $615,000
Level 42, views towards The Valley: $610,000
Level 42: views of River Place, and maybe Storey Bridge: $672,000
Level 47: views over Skyline towards the river: $755,000

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