The first residential project in the new Maroochydore CBD precinct, Market Lane Residences, has sold an overwhelming 85 per cent of apartment sales within the first tower since its early September launch.
Habitat Development Group director Cleighton Clark said he was confident that the first tower would now be sold out prior to Christmas.
“We’ve been surprised by the number of local buyers who appear to have gone to lot of effort to educate themselves on the local property market and the benefits of owning property within the emerging new Maroochydore CBD ,” Clark said.
“We’re delivering a highly affordable, quality product to the market—the size of the apartments and their inclusions have really impressed buyers who have ranged from professional singles and couples to retirees and even some first homeowners who are taking advantage of the generous government grants which are currently on offer at the moment.
The $83 million project is located at the Mundoo Boulevard entrance to the new CBD.
“The popularity of Market Lane Residences supports our view that the new Maroochydore CBD is an exciting precinct and has a very positive future from both a residential and commercial point of view,” Clark said.
Clark said tower one included 65 two- and three-bedroom apartments including five penthouses of which three have already sold.
“Due to the launch success of Tower 1, we’re pushing ahead with the launch of Tower 2 ahead of schedule in late-November.
“It’s full steam ahead onsite and with a height of 65 metres, we have one of the tallest cranes on the Coast operating on site and our construction team are working towards completing the first tower in January 2022.”
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