Why buyers have snapped up half the apartments in luxury Tugun development Lusso

The project has eight luxurious residences across five storeys.
Why buyers have snapped up half the apartments in luxury Tugun development Lusso
Lusso Tugun1
Jonathan ChancellorFebruary 22, 2021

The developer of the luxury Lusso project at Tugan has achieved sales of half the apartments.

The project has eight luxurious residences across five storeys.

The latest Gold Coast project has been designed by Plus Architects.

Construction is now scheduled to commence in June at the 32-34 O’Connor Street site.

Located directly opposite the beach, the marketing advises it was an opportunity to capitalise on recently proposed height limit changes set to retain Tugun’s desired laidback village lifestyle.

The initial offerings included three bedroom beach houses and four bedroom half floors and two level penthouses.

The three bedroom beach houses are priced from $2.25 million and the four bedroom half floor apartments from $2,425,000. The penthouses have sold out.

It will have a rooftop pool, lounge and BBQ area for all residents. There are also private pools for four of the eight apartments.

The marketing by James Meridith and Nicole Riley at Olindah Property Group suggests there will be “low body corporate levies.” They are anticipated to be between $122 and $133 a week.

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.

Editor's Picks

Half of apartments snapped up in Setia's Atlas Melbourne skyscraper
Sherpa expands Palm Beach footprint with Flourish Ovana plans
TOGA’s Wicks Place brings Harris Farm to Marrickville
Bradmill Quarter: Bringing community and amenity to life in Yarraville
Orchard Piper secures $20m record-breaking penthouse sale at One Toorak Place