This article is from the Australian Property Journal archive
DEVINE Development Group has acquired on an absolute beachfront site on the Gold Coast for $45 million with plans to deliver a $340 million luxury residential tower which will boast an average apartment price of $3 million.
The Royale Gold Coast will be developed on a north-east facing block at prestigious Northcliffe Terrace, and offer 108 luxury two, three and four bedroom beachfront apartments, sky homes and penthouses across 38 levels, priced from $1.59 million.
Apartments will have an average price of $3 million.
The development will include a concierge, wellness centre, gym and treatment rooms, a residents’ club with a cinema, library, executive lounge, bar, whiskey locker, a commercial kitchen for caterers and three separate swimming pools.
Devine has appointed architectural firm DKO Architecture, and Melbourne-based interior architecture design studio Mim Design.
Devine Development Group CEO David Devine said his team had been looking for an ultra-premium site for some time and was pleased to now be presenting Royale Gold Coast to the market.
“The vision for Royale Gold Coast is a landmark building of high distinction, with premium residential apartments that will redefine luxury absolute beachfront living.”
Total Property Group has been appointed to manage sales. The group’s Adrian Parsons said there had been a high level of enquiry from prestige property buyers wanting private luxury residences and beach homes.
“Royale Gold Coast will be positioned to meet the demand as there are very few brand-new absolute beachfront developments on the Gold Coast,” Parsons said.
“The prestige apartment market in southeast Queensland, and in particular the Gold Coast, is buzzing with buyers from Sydney, Melbourne and Brisbane looking for lifestyle opportunities to either relocate or enjoy as a holiday home on the spectacular Gold Coast.
The Gold Coast bucked the national trend seen in the major capital cities with a 238% surge in major development site sales purchased in 2020.
“There has been a big shift in the market with people now having the flexibility to work remotely, giving them the freedom to choose where they live,” Parsons said.
“As the Gold Coast property market continues to be strong, there is also high demand from local buyers who are selling their houses and opting for the convenience of private residential apartments with high quality resort amenities that are often experienced within leading hotels.”
