Thursday, July 24, 2008

Beachfront Condo In Australia From A$1,100 psf

Source : The Business Times, July 24, 2008

A BEACHFRONT home on the Western Australian coast, just a 15-minute drive from Perth, can be yours at prices starting at around A$1.5 million (S$2 million) to A$1.6 million for the smallest units.

This works out to be between A$1,100 and A$1,200 per square foot (psf).

Called The Leighton, the 45-unit apartment development by Multiplex Living is located at the former Leighton Marshalling Yards.

It is marketed by Jerrytan Residential. Managing director Jerry Tan said that so far, about 20 units have been sold.

In Singapore, four units have been sold with two bought by Singaporeans.

Mr Tan believed that the property market in Perth still promises 'capital upside'. 'Talk of the mining boom will last for some time,' he said.

Still, Mr Tan believed that The Leighton is more likely to attract owner-occupiers.

As with all high-end developments, The Leighton will come with luxury finishes like travertine floors and designer fittings. But it is the view of the Indian Ocean that will be the main selling point.

If a seaview is not for you, Knight Frank is marketing a prime lakefront property set against a mountain range in Queenstown New Zealand.

Called The Rees, the development comprises 89 luxury apartments and 23 lakefront private residences on a lake-edge site, located midway between Queenstown's airport and the central business district.

The prices for these homes range between $853 psf and $1,147 psf. The development will comprise two, three and four-bedroom apartments and three and five-bedroom lakefront residences. The homes will come fully furnished with appliances and fittings.

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