Friday, March 13, 2009

Gold Coast Still Not Golden

Queensland development group Pikos Group has announced it will slash prices by 25 percent, or up to $600,000, on all beachfront apartments in its three Gold Coast projects so it can keep its staff and contractors employed and pursue further beachfront acquisition opportunities.

The Brisbane-based company, headed by Pedro Pikos, has responded to the property market slowdown by discounting prices on all remaining stock. Source

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