Last week it was announced Melbourne's tallest skyscraper was set to be released for sale domestically in February with the remainder of apartments expected to be snapped up after the project's successful launch in Asia. Developed by World Class Land Pte Ltd, a subsidiary of Singapore-based Aspial, Australia 108 is expected to carry an end value of $1 billion.
With the initial hype and comment over the public launch subsiding, now presents an opportune time to pour over the figures that define Melbourne's next landmark structure.
As foreshadowed by Urban Melbourne last year construction giant Brookfield Multiplex holds the upper hand with contractual negotiations between developer and builder reported as in progress last week. With commencement of works a few short months away Australia 108 is due for staged completion through to 2019.