Perth's Elizabeth Quay secures $100 million in first day sales

Perth's Elizabeth Quay secures $100 million in first day sales
Perth's Elizabeth Quay secures $100 million in first day sales

The first day of apartment sales at The Towers at Eli­zabeth Quay on Saturday secured $100 million plus in sale with about 80 apartments sold.

PRD Nationwide director Angus Murray, marketing agent for the units, said it was the most successful launch he had seen in his career - mostly been to locals, with a lot of baby boomers.

Murray hopes at least 200 of the 279 apartments sell in the coming weeks, reaping $300 million.

Real Estate Institute of WA president Hayden Groves told the local paper it was believed to be the greatest amount of money taken on the first day of sales at a Perth apartment development.

Industry sources said it could also be the first time a one-bedroom apartment in Perth had sold for more than $1 million.

Prices range from $600,000 for a one-bedroom apartment, to $12 million for the three-level penthouse.

Prices included a 54 sqm one-bedroom apartment at $783,000, about $14,500 per square metre, which is more than the $9000 Perth median.

Developer Far East Consortium is also building a 204-room Ritz-Carlton hotel.

New artist impressions of the Elizabeth Quay residential towers.

 

More than 4000 people had registered their interest in the apartments in the early days of the project being announced.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Perth Residential Development

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