Beulah International beats market downturn with 100% settlement rate on Ivanhoe development

Beulah International has beaten the market downturn with a 100% settlement rate on every single apartment in their now complete Hallmark development in Ivanhoe.

Funded locally by NAB, the project has now been fully repaid, with more than 80 per cent of bank debts paid before settlement day.

Beulah International Managing Director Jiaheng Chan said “we have consistently delivered no matter the state of the market, particularly the tough lending environment in recent times. 

“So too, construction is forging ahead on our Melbourne CBD project Paragon, making it one of the few new developments in the city to get off the ground amidst tighter construction lending," he added.

Located on Norman Street in Ivanhoe, the development was designed by Fender Katsalidis, with residents given the choice of one, two, three and four bedroom apartments.

They feature treetop views and private outdoor terraces with prices ranging from $700,000 - $1.5 million.

Hallmark was "targeted towards downsizers who did not want to compromise on lifestyle."

The apartments are located 10 kilometres from the city, and feature kitchens designed in collaboration with chef Adam D’Sylva.