Luxury apartments in Canberra snapped up off the plan
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Luxury apartments and townhouses in Canberra’s waterfront Bridge Point development are being snapped up quickly, with 28 of the 35 dwellings sold off the plan less than two months after they came on the market in late April 2011.
The Kingston development, which is being marketed by Colliers International, comprises seven two-storey townhouses, three whole-floor penthouses and 35 one-, two- and three-bedroom apartments, all with views over Lake Burley Griffith. One-bedroom apartments start at $525,000, and the larger dwellings are all over the $1 million mark.
“Bridge Point is arguably the most prestigious residential address in Canberra and buyers will live on Canberra’s only residential island with private uninterrupted views that will never be built out,” says Colliers International director of residential project marketing Derek Whitcombe.
Colliers says that 98% of buyers are native Canberrans.
Although the ACT Government earmarked the site for 107 units, developer Doma Group decided on a more exclusive project. The building was designed by Colin Stewart Architects, which is also redeveloping the Kingston foreshore. When completed, the foreshore will include a boat harbour and jetty, boardwalk, restaurants and public spaces.
“Whilst there are many luxury apartments for sale in Canberra, there really is no development quite like Bridge Point,” Whitcombe says.
