Recent sales leave 30 units still on the market in Oceanique

Jonathan ChancellorDecember 8, 2020

Western Australian property developer Port Bouvard Limited has now achieved settled sales totalling $72 million for its Oceanique apartments.

The total follows four recent settlements worth a total of $10.2 million.

Since Oceanique settlements began in July 2010, the group has reduced debt on its $101 million Oceanique facility to its current balance of $34.8 million.

Earlier this month Oceanique was announced as winner of a 2011 Perth Housing Industry Award for apartment project of the year.

The remaining 30 unsold apartments continue to be marketed.

Port Bouvard continues to pursue seven unsettled off-the-plan contracts.

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Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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