South East Queensland development Mon Komo sells nearly $11 million in first half of 2014
The $150 million Mon Komo development in South East Queensland from Kyko Group has totalled $10.848 million in sales for the first half of 2014.
The multi-tower Mon Komo complex on the waterfront, on the Redcliffe Peninsula, sold 19 residential and short stay apartments in the past six months – a balance of owner occupiers and investors – between both towers. Of the buyers, 75% were from South East Queensland or Brisbane.
TOTAL Property Group managing director and Mono Komo marketing manager, Adrian Parsons, said that Redcliffe has been an evolving area, and the new development at 99 Marine Parade is becoming a local landmark.
“It has become a vibrant beachside suburb, ideally positioned close to Brisbane city, Brisbane Airport and Moreton Bay Region, while still encapsulating the relaxed, bayside lifestyle it is well-known for.
“It is also being dubbed one of Queensland’s top property hotspots and boom suburbs by respected property analysts – spurring interest in the local market,” he said.
It appears it’s a slow burn for the development, in February noting that they’d sold $11 million, or 17 of the apartments, over three months.
Prices in Mon Komo’s residential tower start from $325,000, and include one-bedrooms from 82 square metres up to three-bedroom plus study penthouses of 247 square metres. Short stay apartments are available from $275,000, from one-bedroom 58 square metre properties to 170 square metre configurations.
