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Asia Property Report - March 22 - News
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Australian developers Juniper Group and Grocon Pty Ltd have joined forces to build a $A850 million ($US685.82 million) high rise tower on the Gold
Coast.
The 77-storey residential and retail complex `Soul Surfers Paradise´ is believed to be the most valuable in the country.
The building´s penthouse sold for $A16.85 million ($US13.6 million) to a Brisbane couple in October.
A Juniper Group spokesman said apartment sales in Soul Surfers Paradise were approaching $A400 million ($US322.74 million). There had been 170 residences purchased with 120 still on offer.
The latest project is the first ever carried out by Grocon in Queensland.
Construction will start mid-year after demolition of another building called Raptis Plaza.
Excavation will begin immediately on the northern beachfront site. The project will be completed in 2011.
Juniper Group said the contract was the largest private construction deal awarded in Australia for a single-tower development.
Privately-owned Grocon, which will build the tower, is the name behind a number of high rise residential complexes, including the 92-level $A500 million ($US403.42 million) Eureka Tower at Melbourne´s Southbank, believed to be one of the tallest residential developments in the world, the Rialto
Towers in Melbourne, once the tallest in the southern hemisphere, and the 62-storey Cove Apartments in Sydney´s historic Rocks district.
Juniper Group has at least $A2 billion ($US1.61 billion) worth of projects and strategic landholdings currently under development or scheduled for future construction in key coastal tourist precincts on the eastern seaboard, including the Gold Coast, Sunshine Coast and North Queensland.
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Koh Samui’s famous luxury resort Baan Taling Ngam is reportedly up for sale.
Koh Samui resort remains an "attractive asset" in view of the current status of vacant possession with no international hotel chain, says industry expert....
MIPIM: Future of real estate
The economists Claude Smadja, Dr Marc Faber, famous for predicting the 1987 stock market crash, together with the astrophysicist Dr Benoit Famaey are among the eminent specialist...
Phuket gains a waterpark - Splash Jungle opens
West Sands, the luxury Residences, Resort and Water Park has splashed into 2010 by launching Phuket’s first state-of-the-art water park "The Splash Jungle" on January 29th,...
London property Printworks well received
High-end London project, Printworks, by developer First Base, has sold 19 units in Singapore over the weekend, says Savills....
Vacancy rates in the Bangkok office market rose 3.35% during 2009.
Rates rise during 2009 as firms cancelled expansion plans and froze recruitment for all but the most essential positions. Many embarked on efficiency drives to make better use of the space t...
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Apartment / Condominium - Malaysia |
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Villa - Hua Hin |
Price :
POA
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Quality thai villa with stunning mountain views only 900 meters from the beutiful Sam Roi Yot beach.
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