Orama’s $100 Million Splash: Sales Surge Makes Waves at Chevron Island

In a remarkable sales spree, Aniko Group's Orama project on Chevron Island has secured over $100 million in sales, propelling the total project value to $135 million and initiating the commencement of construction. Aniko Group, led by George Mastrocostas, has decided to redirect its construction team from Hope Island to kickstart the development of the Orama project.

Orama, positioned as the latest addition to Aniko Group's portfolio, which exceeds $2 billion, has resonated particularly well with local downsizers and empty nesters. The project will feature a total of 102 residences, offering a diverse range of options, including two-bedroom apartments priced from $995,000 to $1.45 million and three-bedroom skyhomes starting at $1.995 million. These residences promise panoramic views of the central Gold Coast skyline.

Peter Malady, Sales Director of Aniko Group, attributes Orama's success to its appeal in today's off-plan property market. The project stands out as an attractive proposition for buyers, especially those seeking a maintenance-free lifestyle in a village community. The majority of purchases are from local downsizers, with a significant number coming from Chevron Island and the surrounding five-kilometer radius. Another notable buyer demographic includes holidaymakers from Sydney and Melbourne looking for lock-up-and-leave residences.

Orama has been designed to offer an unparalleled living experience, focusing on luxury and top-notch amenities. The project boasts a 550sqm rooftop recreation area featuring a gymnasium, pool, spa, residents lounge, and various other facilities. Aniko Group Managing Director George Mastrocostas expresses confidence in the project's success, stating that Orama has delivered a product that the local area has responded to positively.

Aniko Group has been a key player in transforming the Gold Coast skyhome landscape, solidifying its position as one of South-East Queensland's leading developers of innovative and luxury residences. With the construction set to commence, Orama is poised to become a prominent landmark in Chevron Island, catering to the discerning preferences of its diverse buyer base.