QUICKFIRE $40 MILLION BUYING SPREE AT S&S PROJECT’S FOURTH RAINBOW BAY DEVELOPMENT RADIA

Queensland developer S&S Projects has extended its successful run on the southern Gold Coast after notching up a rapid run of sales totalling $40 million for Radia, its latest development at Rainbow Bay, in the first week of its official launch.

The $200 million Radia is proving that four is a charm for S&S Projects which has undertaken three sell-out projects in the sought-after coastal precinct over the past three years.

Radia’s strong early sales performance comes on the heels of S&S Projects’ record-breaking run with Flow, Awaken and Esprit – three developments that have helped reposition Rainbow Bay as one of the Gold Coast’s premier luxury lifestyle destinations.

S&S Projects has secured nine apartment sales in the first week of Radia’s official launch at an average price of $4.4 million, driven by the strength of pre-launch inquiries from buyers who have been following the company’s success in the precinct.

Early buyers who have snapped up Radia apartments have paid between $2.1 million and $7.7 million – the latter comprising one of eight luxurious sub-penthouses.

More than half of the offering, or 20 apartments, provide spacious three-bedroom designs that are priced from $3.8 million and primed for owner-occupiers and downsizers.

The eight sub-penthouses, which comprise four and five-bedroom designs, are priced from $7.2 million, while two dual-level penthouses are priced from $13.5 million.

“While the strong take-up of apartments at Radia is certainly supported by the widely acknowledged shortage of apartment supply on the southern Gold Coast, it also reflects the immaculate record of S&S Projects for project delivery at Rainbow Bay over the past three years,” said Jayde Pezet, managing director of Pezet Matheson which has been appointed to market Radia.

“Radia will be the jewel in the crown of Paul Gedoun’s Rainbow Bay portfolio of projects and purchasers are buying because of certainty, quality and reputation.

“Radia buyers have seen the proof in the newly finished projects, and they are appreciating the attention to detail in the architecture, fixtures and fittings and the unparalleled amenity.”

Radia will rise 14 storeys on an elevated 1,335sqm site located at 271 Boundary Street on the corner of Petrie Street, adjacent to the Awaken project and close to the Point Danger lookout.

S&S Projects is anticipating construction of Radia to begin in early 2025.