Sales hit a high note for $100 million Opera

THE $100 MILLION luxury Opera apartment project at South Brisbane is on song with buyers after pre-sales reached the 60 per cent mark.Strong interest from owner-occupier and investor buyers has delivered more than 110 sales worth $60 million in the three months since the 16-level tower’s unveiling late last year.Marketing agent Andrew Scriven, of Colliers International’s Brisbane office, said the response to the project was reflective of the city’s apartment market to which owner occupiers were returning to high quality projects.Mr Scriven said Opera was aimed at buyers wanting to be close to South Bank, the CBD, Brisbane Convention and Exhibition Centre and West End.“The response to date is terrific and demonstrates the pent-up demand for high quality apartments close to the CBD and other inner city destinations,” he said.“As anticipated, local end user buyers have figured strongly in pre-launch sales and inquiry.“Local and interstate investors are attracted by the strong rental market in South Brisbane and high quality tenant pool.“We attribute this to the South Bank precinct’s popularity with discerning owner occupiers seeking a quality apartment that delivers on lifestyle and convenience.“Sales to date have absorbed a lot of the higher priced stock and we anticipate the remainder of apartments to be popular not only with end users, but investors as well.”Mr Scriven said many buyers were drawn to the area because of its well-known status as an established precinct close to the city.“Buyer feedback has revealed a keenness to purchase new product in well established locations with like-minded buyers,” he said.“South Bank has been very popular for more than a decade and the flight to Opera represents an eagerness to put a hold on one of the very few projects targeting permanent residents.”Opera is located within the sought-after Brisbane State High School catchment and will feature a stunning street-level entrance leading to ground-floor retail and office space topped by 180 one, two and three-bedroom residences priced from $385,000.Residents on the upper levels of Opera will enjoy unobstructed picturesque views of the city, Musgrave Park and west to Mt Coot-tha.Opera residents will have onsite leisure facilities including a roof-top pool and entertainment area, all overlooking the Brisbane skyline, providing the ultimate vantage point for the annual Riverfire display and New Year’s Eve fireworks.Melbourne-based developer the Kaias family, in association with local development managers Marquette Properties, have assembled a strong Brisbane design team to create classic, timeless urban residences that meet the needs of the local market.Prominent Brisbane architects Paul Fairweather and Anthony Jemmott have worked in concert with Trish Szonert, of MMO Interiors, to design the striking building which will begin to rise at 47 Cordelia Street later this year.