Prices for Royale apartments will start from $1.6 million for a 120-130 square metre apartment. “But forgetting the Olympic Games I think there will be a strong move to south-east Queensland, especially the Gold Coast.” “The Gold Coast is undervalued as a holiday destination compared with destinations near Sydney and Melbourne,” he said. Gold Coast luxury project sells out in six months as locals pile in Mr Devine said people who were are unable to go overseas could do a lot worse than spending three to four months of the year on the Gold Coast. “Royale Gold Coast will be positioned to meet the demand as there are very few brand-new absolute beachfront developments on the Gold Coast,” Mr Parsons said. “There will also be a Mai Tai bar overlooking the beach like you have at the Royal Hawaiian hotel,” Mr Devine said.įollowing the success of other Gold Coast projects, including the sold out Mondrian luxury development at Burleigh Heads, the Royale Gold Coast will look to tap into the growing demand for larger, luxury apartments.Īdrian Parsons, whose Total Property Group is marketing Royale Gold Coast, said there had been a high level of inquiry from prestige property buyers wanting private luxury residences and beach homes. “I began working on the project 12 months ago and it took me six months to find the right site,” he said.Ī key element he said was the incorporation of loggias – a recessed balcony – that will ensure residents can sit outdoors without being buffeted by the wind.Īmenities will include a concierge, wellness centre, a residents’ club with a cinema, library, executive lounge, bar, whiskey locker, a commercial kitchen for caterers and three separate swimming pools. He said the key was securing a site facing north-east (away from the coast’s south-east winds) and one with an existing permit in place so as to expedite the project. “I’ve always wanted to do something special on the Gold Coast,” Mr Devine told The Australian Financial Review. Redesigned as a high-end project by architects DKO, and to be called Royale Gold Coast, the project will offer 108 luxury apartments with an average price of $3 million. The project, centre, takes its inspiration from a Pandanus Palm tree.
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