This article is from the Australian Property Journal archive
BROOKFIELD Residential Properties has settled more than $64 million of sales in Promenade Hamilton Apartments, the fourth stage of the Portside Wharf masterplanned community in Brisbane.
Brookfield Residential Properties project director Lee Butterworth said 100 sales have settled of the 125 apartments sold at completion in Promenade.
“The settlement rate has been extremely strong in the current market and, in addition, we have made more than $6 million in new sales since Promenade was completed, which is a fantastic endorsement of the quality of what has been delivered,” he added.
Butterworth said the building had appealed to buyers who are getting in at the beginning of the urban renewal of Hamilton, whilst living in an established precinct.
“This area is set to undergo unprecedented growth in the coming years and will eventually be home to some 15,000 residents. Buyers want to get in at the start of that rejuvenation so they can take full advantage, however, they also want to be part of a development with an established reputation and amenities at the doorstep.
“Portside Wharf ticks all those boxes,” he concluded.
Property Review
