$50 million weekend sales rush on Brisbane terrace homes

A weekend sales blitz has seen the sale of 30 terrace homes at Urban Construct’s $75 million luxury Manhattan Terraces project at West End.The project launched on August 22 and has already sold 75 per cent of the terrace homes available in the first stage.Urban Construct managing Director Todd Brown said the homes’ freehold status and proximity to Brisbane CBD had driven sales to date.“The sales result is an indication of strong demand for high quality and centrally located terrace homes in Brisbane,” Mr Brown said.“Seeing such a result on the weekend of launch tells us there is huge pent up demand for premium, end-user focused product close to the CBD.“Owner occupiers have figured strongly in early sales which demonstrates the product and location mix is hitting the mark for them.“The sales success reinforces our decision to opt for quality over quantity in delivering high end terrace homes rather than apartments, which the site was originally zoned for.”Place Estate Agents CEO Damian Hackett, who is marketing Manhattan Terraces, said the design and layout of Manhattan Terraces appealed to discerning buyers.“A lot of thought has gone into making these homes stand out from the crowd, and in a market congested with investor-focused product that approach is really resonating with people,” he said.“From superior fittings to unique design elements and luxuriously appointed kitchens, buyers can see this will be something special.”Luxury terrace homes are priced from $799,000 - $1,040,000. The Empire terrace home with four bedrooms and five bathrooms is priced at $1.75 million.The community will feature pocket parks with many terrace homes having access to their own rooftop retreats or private courtyards.Manhattan Terraces features individually designed residences by a team of three local architects, Marc & Co, TVS architects and Jeremy Ferrier Landscape Architect who all have extensive experience in the West End market.Each terrace will utilise its alfresco windows and spacious balconies allowing great natural light to enhance the timeless designs.The terraces will be situated in the Brisbane State High School catchment and will be close to a range of amenities and public transport routes.Established in 1998, Urban Construct has completed over $2.5 billion worth of award winning projects and is currently developing the final stages of the $1 billion masterplan at Emerald Lakes on the Gold Coast.The Manhattan Terraces sales centre is located at 24 Bailey St, West End, and will be open seven days a week.