Stellar 75% success rate in Australia 108 apartment offerings
Some 75% of apartments on offer in what will be Melbourne's highest tower, Australia 108 have sold within three weeks of its launch.
Property Observer glean three parties are expressing serious interest at around $25 million for the 800 square metre penthouse.
Andrew Leoncelli, the Melbourne director of CBRE, says interest in Australia 108 had been "running hot".
"The project has sold incredibly well," Leoncelli advised.
Among those apartments that remain are the more exclusive three bedrooms on the higher floors.
Of the three bedrooms already sold for $1.6 million to $12 million, many have gone to downsizers looking for a lock up and leave apartment close to their work.
Among the early purchasers was a family buying five apartments on the 79th level for more $9 million.
Another family has reserved the entire 91st floor and, if the sale goes through, intend turning it into a bespoke apartment.
"It's about super convenience and amazing facilities," says Leoncelli.
It was only earlier this year that Singapore's World Class Land, a subsidiary of Aspial Corporation, got the final go-ahead for Australia 108 which will have 1,105 apartments.
Architect Karl Fender of Fender Katsalidis Architects says Melbourne residents have developed a taste for high-density living.
Australia 108 and the 297-metre Eureka tower will "like the two gateposts to the city", Katsalidis says.