129 Apartments Sell Out in Four Hours: Sydney

Tuesday, June 3rd, 2014
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A new apartment development in Sydney’s Bondi Junction may have broken the record for the most rapid sales time on launch day.

All 129 apartments in the new Aqua development, situated in the upmarket Sydney suburb of Bondi Junction, sold out within just four hours of hitting the market.

The apartments sold for an average price of around $1 million, netting Colliers International in excess of $130 million in sales by just after midday when the last contract for an apartment unit was inked. The development had earlier received more than 2000 registrations of interest.

In addition to the choice location of the development, just 6 kilometres to the east of the CBD in the Eastern Suburbs as well as a suburb away from Bondi Beach, the appeal of the apartments was enhanced considerably by the stunning views they enjoy of either the ocean or Sydney’s most iconic landmarks.

While apartments facing the north-east provide views of coastal Sydney, those which face the north-west put the Sydney Harbour Bridge, the Opera House as well as the CBD skyline well within the visual purview of occupants.

KANNFINCH and DC8 Studio were responsible for the innovative external design of the apartments, which feature a pair of towers conjoined by a garden podium as well as rooftop greenery.

The interiors of the apartments also featured an elegant maritime-inspired design courtesy of the critically acclaimed Koichi Takada Architects, with kitchen islands in the shape of either surfboards or waves, and timber floors in either white or grey-wash redolent of sea debris or Australian beaches.

Prices for apartments at Aqua varied considerably, ranging from $585,000 for a one bedroom unit at the bottom end of the scale, to $2,165,000 for a three-bedroom apartment on the top floor, overlooking the Sydney CBD and its associated landmarks.

Aqua is the third and more successful collaboration between Leighton Properties and and Qualitas, with Gavin Tonnet, Leighton Properties’ national head of residential, imputing the rapid sale to a “focus on inner-ring urban renewal sites in prime locations, close to transport links, retail and places of work.”

Tonnet pointed to the similar success enjoyed by the company’s Erko development in Erskineville, where 41 of the East at Erko apartments sold out in just 75 minutes on the day of their release.


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