Spyre Group blitzes Gold Coast market with four week sell-out
Brisbane-based developer Spyre Group has stunned the market with the sell-out of its latest luxurious beachfront project, Cala Dei at Greenmount – just four weeks since it’s online launch.
The flock of fast sales includes the purchase of the entire penthouse level by a local family for $7.1 million, signing just days after Spyre received their development approval from council.
It is considered one of the fastest selling projects ever on the Gold Coast and marks a monumental fourth consecutive sell-out for the company’s Gold Coast portfolio.
“It’s definitely solidified our commitment to the Gold Coast, and due to the nature of Cala Dei’s sell out we have proceeded to acquire a further 2 beachfront sites that we intend to launch in the second half of this year,” said Spyre Group Director Andrew Malouf.
The exclusive collection of 2- & 3-bedroom residences sold for an average of $1.9 million, with a whopping 11 sales recording a purchase price over $2.5 million, proving the hunger for high-end living in pristine positioning is as fierce as ever.
The penthouse is the second highest price ever fetched for an apartment south of Mermaid Beach.
“We were confident that the project would be well received by the market, but a 4 week sell out certainly isn’t something we expected, it was a very pleasant surprise,” said Mr Malouf.
Unrivalled beachfront locations paired with luxurious boutique residences have become the pillars on which Spyre Group has built its Gold Coast empire, carrying the winning formular across its stunning ensemble of developments that have each sold out with impressive ferocity.
The coveted apartment offering captured the hearts of both local and interstate buyers, with 55% of sales attributed to South East Queensland locals, 42% to interstate buyers and a single international purchase from Singapore.
The boutique tower will be erected on the site of the well-known Komune Resort at Coolangatta, which Spyre Group purchased in an off-market deal.