New Top End Mooloolaba Apartment Building

Signature 87 by Juniper. Prices said to range from $5.98 million to $6.995 million. So the top end can't be too bad if Juniper releases this. Completion due late 2010. According to the AFR, David Kortlang from Juniper said investment in Mooloolaba and ocean front properties remainded strong. But the AFR said only 36 new units (from an inventory of 818 new units) sold on the Sunshine Coast in the six months to November 2008.

Building Height 11 levels (including retail)
Apartment Areas Typical Apartment 465 m²
- Internal 333 m²
- Terrace 132 m²
Number of units 10 (one per floor only)
Security Exclusive level access with private lift lobby on level, CCTV, proximity sensors, panic button and secure car park entry
echnology Full home automation including C-Bus lighting,
Kitchen Finishes Miele appliances, Professional gourmet kitchen with scullery (butlers’ kitchen), Home automation control centre
Lounge Room 50” concealable television
Bedrooms 4 Bedrooms, 42” concealable television in Master
Bathrooms 4 Bathrooms + powder room
Media Room 80” fixed television panel, Projector, Surround Sound, Touch screen control
Pool Private pool terrace with exclusive lap pool (per unit)

Raptis and Surfers Paradise

There are rumors that Raptis, who is developing the Hilton hotel and apartment complex at Surfers Paradise, is in significant trouble. I wonder if the Gold Coast Hilton will get off the ground?

http://www.news.com.au/heraldsun/story/0,21985,24252689-664,00.html

http://www.news.com.au/heraldsun/story/0,21985,24247597-664,00.html

The Gold Coast apartment market is not doing well at present. New apartment are not selling, as existing owners are cutting prices, and rental returns are not good.

"Mr Juniper said Soul would breathe new life into Surfers Paradise. "It's the transformation of the Gold Coast; a brand new Surfers Paradise is being delivered right now," he said. "To have the Hilton being built next door is fantastic. It reassures everyone that Surfers Paradise is still moving ahead in these times at the moment. "They have achieved fantastic sales. We have achieved fantastic sales and it just shows the strength of the Gold Coast market."

He said unlike the Hilton, where sales had been to predominantly offshore interests, Soul had attracted mostly local buyers.

http://www.goldcoast.com.au/article/2008/08/13/14912_gold-coast-business.html