Sell Out of $40 Million Palm Beach Project - Siarn

Gold Coast developer Cru Collective has tapped into strong demand for luxury living along the Palm Beach foreshore with a sellout of its $40 million Siarn Palm Beach North project nine months prior to its forecast completion.

90% of theluxury homes were sold direct by Cru, with several of the final sales duringthe height of COVID-19 restrictions.

Three of thefinal sales secured in recent months were achieved sight unseen. Each of thesebuyers paid more than $2.5 million to secure a foothold in Siarn, located at460 The Esplanade, where spacious high-end apartments ranged from $2.08 millionto $2.98 million.

“We had asignificant increase of inquiry over the past six months, especially frominterstate and overseas buyers seeking a luxury lifestyle property in a strongmarket.

“Make nomistakes, these are savvy buyers and while location is critical the product iskey. We worked closely with all of our consultants to ensure the function andquality was second to none”, said Cru Collective Managing Director ChrisBolger.

“As a signaturedevelopment for our company we’re pleased that the market has responded so wellto our vision.”

“During COVID-19there have been challenges, not least for our sales team. They had to ensurebuyers who couldn’t visit the site had all the information and support theyneeded before making the decision to buy into Siarn.”

One overseasbuyer living in Florida USA, conducted the transaction via WhatsApp, supportedby several mobile phone meetings, whilst another family from Victoria securedthe very last property remotely, during complete lockdown.

Cru Collectiveis an award-winning developer with more than a decade of experience inresidential and commercial project across south-east Queensland.

Siarn is part ofa $150 million development pipeline being delivered by the company and followsthe success of its most recent projects, an award winning terrace estate inCurrumbin, and the recent Acqua Beachside Residences Palm Beach.

Siarn has appealedto sophisticated lifestyle buyers and owner-occupiers. With a spacious designfootprint of two apartments per floor, creating sky homes that span 230sqmeach, the apartments were secured by a mix of successful business owners, semi-retired,socially active end-users and local downsizers looking for a beachfrontlifestyle.

“We had a strongresponse from the local market very early on with a high uptake of buyers from south-eastQueensland planning to split their time between Palm Beach and Brisbane,” saidMr Bolger.

“Many of ourbuyers already have properties, or once owned properties, either on TheEsplanade or at Jefferson Lane. They were keen to upgrade to a brand-newapartment in an area they know and love.”

Siarn has beendesigned by award winning architects BDA, drawing inspiration form the idyllicPalm Beach surrounds dominated by ocean waves, sand and headland rockformations.

The interiors,by luxury specialists Palm Interiors, have been crafted to deliver the ultimatebeach home boasting stunning features throughout.

The gourmetkitchen is fitted with high-end Gaggenau appliances and a huge butler’s pantry,with many of the homes also showcasing designer walk-in climate-controlled winecellars.

The master suiteis a luxurious personal oasis, with a sophisticated design featuring a largeprivate balcony, walk-in robe and generous bath offering expansive water views.

Siarn has set anew standard for living in north Palm Beach with its large three-bedroom apartmentseach with ensuited bathrooms, powder room for guests and oversized balconies thataccentuate the free-flowing design of interior spaces and enhance theuninterrupted ocean views.

Siarn’slevel-one podium provides an expansive indoor and outdoor lifestyle retreat forresidents featuring an ocean-front pool, pedestrian beach access, private outdoorshower, fully equipped indoor fitness centre and infra-red sauna.

Residents alsohave access to an alfresco kitchen, lounge and dining zones.

Construction ofSiarn Palm Beach North is currently under way by Cru Collective’s dedicated buildingarm, Cru Construct.

The project isdue for completion in March 2021.