$40m Buying Spree in $650m Monarch Place

Monarch Place by Azzura Investment’s Limited has seen strong interest with more than $40 million in sales achieved since its launch to market. The $650 million Monarch Place is the second stage of Gold Coast development icon Robert Badalotti’s $3.8 billion Imperial Square in the city’s CBD.

Sales to date have featured a diverse mix of one-, two-, and three-bedroom apartments starting from $724,000. The majority of interest has come from owner-occupiers and second homeowners, highlighting the project's broad appeal and the high demand for luxury living in Southport.

"Monarch Place marks a pivotal phase in our vision for Imperial Square and we are not surprised at the level of inquiry and current sales rates," said Robert Badalotti, founder and CEO of Azzura Investments Limited.

"Monarch Place sets a new standard in downsizing purchases, offering unparalleled facilities that are unlike any other development ever produced and we are thrilled with the enthusiastic response from buyers, reflecting the demand for a comprehensive living experience in Southport."

Residents of Monarch Place will have access to the Monarch Imperial Club, which includes a gym, sauna, indoor pool, beauty parlour, entertainment rooms, cinema, golf simulator, art studio, library, workshop, bar, and restaurant. A 1,500-square-meter childcare facility will also be available on-site.

Azzura Investment’s Limited has been built on passion and dedication for more than three decades. The development company is driven to make a difference by helping to shape the landscape of Australia.

Construction for Monarch Place will begin in the coming months.