$15 Million Debut for FARO Amid Strong Demand for Luxury Coastal Living at Broadbeach

FARO, the opulent $80 million vertical village located in Broadbeach, has made an impressive impact by securing over $15 million in apartment sales within just one week of launching to the market. The project, a joint venture partnership between 5Point Projects and Bottega Group, has garnered significant interest from both local and interstate buyers.

Situated at 123 Old Burleigh Road, Broadbeach, FARO is set to rise 21 levels and features a meticulously designed layout, offering 11 full-floor sky home apartments, three two-level sub-penthouses, and an exquisite three-level penthouse. The development has already witnessed a surge in enquiries, reflecting the high demand for its luxurious beachside residences.

Each full-floor sky home apartment boasts three bedrooms, each with breathtaking ocean views, three bathrooms, and open-plan living areas leading to a spacious ocean-facing balcony. The penthouse and sub-penthouses, with five bedrooms and five bathrooms, include separate dining areas and home cinemas. The penthouse, spanning three levels, stands out with a private rooftop entertainment area featuring a swimming pool, sundeck, outdoor kitchen, dining area, and lounge, all accessible via a private internal lift.

Residents of FARO will enjoy premium on-site amenities on the first-floor recreation terrace, including a magnesium pool, private lounges, gymnasium, cabana, outdoor barbecue and entertaining area, sauna, lockers, a pet wash, and a surfboard wash. Additional conveniences include bike storage spaces, a mailroom with a parcel locker delivery system, three levels of basement parking, and an electric vehicle fast-charging station in the visitor's bay.

Director of Pezet Matheson, Todd Matheson, notes that both local and interstate buyers have been the driving force behind the high demand for FARO. The central location, accessibility to the beach and Broadbeach Centre, and the project's understated luxury finish have contributed to its widespread appeal.

5Point Projects has enlisted the award-winning architectural design firm, Plus Architecture, for FARO, ensuring a refined collection of premium residences that set a new benchmark for luxury coastal living in Broadbeach. Managing Director of 5Point Projects, Damian Dove, expresses satisfaction with FARO's trajectory and emphasizes the significance of providing excellence and certainty of delivery in the market. Construction has already commenced, further fueling the strong sales and enquiries for this exceptional project.