This article is from the Australian Property Journal archive
MULPHA’S Sanctuary Cove masterplanned community on the Gold Coast has seen an influx of over 800 enquiries for the first stage of its Harbour One development.
The first stage of Harbour One will be comprised of 15 apartments and townhouses, out of a project total of 47. The development will span four levels, with two-, three- and four-bedroom floorplans on offer.
“The incredible response we have received for these new residences has required us to think outside the box with Harbour One so that we can ensure an equal opportunity for all potential purchasers,” said John Hughes, general manager of sales and development for Sanctuary Cove.
The design of the project will aim to integrate into the surrounding marine village, connecting to the boat harbour and its retail, dining and entertainment offerings.
Sanctuary Cove is currently the largest masterplanned community in the country and includes two golf courses, a marina, a five-star resort and a country club which features a fitness centre, tennis courts and a pool.
The Marine Village, within the community, also features retail, cafes, restaurants, bars and business services.
The development also offers exemptions from Foreign Investment Review Board restrictions, which enables international investors to purchase vacant land without assessment.
In January, Mulpha announced the release of 15 private luxury villas in the group’s Hayman Estates by the Great Barrier Reef, bringing the estate to a total of 21 residences.
This is the latest Gold Coast apartment project to reap the rewards of surging demand in the region, with Spyre Group’s three luxury apartments the $79 million Elysian, $77 million Natura and $25 million MAYA achieving a sell-out.
While the third stage of Keylin and Kinstone Group’s $650 million Serenity 4212 Gold Coast community was fast tracked after also experiencing an overflow in enquiries.
“Harbour One is a unique offering and we are delighted with the positive reaction we have received during the process thus far,” added Hughes.
With construction by Tomkins scheduled to commence in June of this year, completion of the project is currently scheduled for early 2023.
