Saturday, February 15, 2020

Lotus Tower

Chinese developer R&F Property has finished building Lotus Tower at Kangaroo Point in Brisbane.   It was built without any pre-sales.  Unusually, the sales campaign was launched when the building was complete, and it is reported about 30 apartments have been sold.

This is not a river front building.  There are not many facilities within walking distance.

The complex has street side townhouses and 188 apartments over 20 levels.

I have not been inside the complex yet.  R&F is the same developer who built Brisbane 1 Towers at South Brisbane.  This development has three towers (one primarily for short term and hotel rentals).  In my view, the apartments there are small and expensive, of average quality, and have mainly been sold to Chinese investors.  Many appear to be still available for sale.

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