BRISBANE WATERFRONT DEVELOPMENT SET TO ATTRACT INTERNATIONAL INVESTORS

Portside Wharf

Following the enormous success of local sales, Multiplex Living’s Promenade Hamilton Apartments at the vibrant $1.3 billion Portside Wharf precinct in Hamilton, Brisbane are set to attract international investment with an intensive sales campaign targeting Asia launching in Singapore on September 18.

Multiplex Living Director Sales & Marketing Tim Willing said 52 (over 30%) of the apartments had been sold over the first three days, highlighting the current demand for waterfront living in Brisbane.

“These sales show the market is taking advantage of a fantastic product, and recognising the value in a meticulously designed and positioned waterfront development,” Mr Willing said.

Mr Willing said buyers were identifying the limited supply of product on offer, particularly when the price is under $800,000 (AUD).

According to Head of Research at Resolution Research and Marketing, Peter Bell, the waterfront apartment market in Hamilton has been at the forefront of a growth in median apartment prices in Brisbane over the past five years and looks set to magnify further in the future.

“Market evidence from 2008 clearly indicates apartments have become the property type of choice in the Hamilton market, with more apartments having sold during this period than houses,” Mr Bell said.

“With the exception of Brookfield Multiplex’s master planned Portside Wharf development there have been no major introductions of waterfront apartment product into Hamilton since the final release of Brett’s Wharf in 2001,” he said.

Portside Wharf is a $1.3 billon master planned community featuring a unique and dynamic mix of restaurants, bars, boutique retailers, cinemas,  fashion stores, boutique retails outlets and specialty food stores.

Interior

Promenade Apartments will combine stylish, timeless architecture with all the hallmarks of contemporary urban living – superior design, liveability and attention to detail.

Designed by the renowned Cottee Parker Architects, the latest addition to the precinct will feature 156 luxurious residences over 12 levels, many with excellent river and district views.

A mix of one, two and three-bedroom apartments will be available for purchase, with prices ranging between $399,000 to $1.65 million (AUD).

Promenade Hamilton Apartments are located just six kilometres from Brisbane’s CBD and 10 kilometres from the international and domestic airports, the Apartments are due for completion in 2010.

Multiplex Living is the residential development division of Brookfield Multiplex Group, which is one of Australia’s premier developers, with award winning developments across Queensland, New South Wales, South Australia and Western Australia.

Multiplex Living will have a sales exhibition set up in Singapore at the following time and location.

Hilton Singapore – Singapore
September 19-21
581 Orchard Road
Singapore

For more information visit www.portsidewharf.com.au or www.multiplexliving.com.au