MOSAIC SET TO INDULGE IN LUXURY PROPERTY MARKET

Written on the 6 May 2015

MOSAIC SET TO INDULGE IN LUXURY PROPERTY MARKET

MOSAIC Property Group continues to build its stronghold in Brisbane's residential market, with the launch of two new properties.

The boutique developer has commenced construction on Eco by Mosaic at Holland Park (pictured), with Apex on Donaldson in Greenslopes soon to follow suit.

Managing director Brook Monahan says the inner south location appeals to investors and owner occupiers with close proximity to key infrastructure.

"Greenslopes and Holland Park's population is forecast to increase by 1930 people per annum between 2011 and 2036, creating demand for over 1000 additional dwellings," Monahan says.

"More than $2.3 billion has been invested in the area over the past couple of years, including the redevelopment of Westfield Carindale and Garden City, opening of the Lady Cilento Children's Hospital and Nicholson Street Bikeway and Greenslopes Hospital expansion."

Eco by Mosaic will feature 36 apartments, while Apex on Donaldson will tap into the luxury market as a "higher end" 15-apartment development.

The projects are expected to complement a number of developments earmarked for the area, including Element on Latimer at Holland Park and Summit of View Mount Gravatt slated for completion later this year.

Monahan says Mosaic Property Group is committed to incorporating the local character of the area, to resonate with buyers.

"The record sell out of Element on Latimer and Apex on Donaldson indicates that owner occupiers and investors appreciate the time, energy and thoughtful design we put into developing luxury residences for people to live and entertain within," he says.

"We anticipate Eco by Mosaic at Holland Park and the upcoming launch of Norman Crescent at Norman Park will set new records following initial pre-sales enquiries and the record sell out of our other projects in the area."

Construction of Apex on Donaldson is expected to be completed in early 2016, with Eco by Mosaic expected to be finalised in middle of 2016.


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