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ARDEN Group is looking to the suburbs, with the launch of the $200 million Jade apartment development in Albion.
Neighbouring Ascot, Clayfield and Hamilton, the first stage of the master planned community will include 150 apartments over two six-level buildings.
Arden Group director Steven Walsh says Albion is one of the fastest growing lifestyle areas in the city.
“Jade’s convenient location less than 10 minutes from Brisbane’s CBD and airport as well as its close proximity to Brisbane’s best urban restaurants and lifestyle precincts makes it an excellent choice for owner resident buyers,” Walsh says.
“High quality, affordable apartment product in Albion is hard to come by due to the suburb’s highly constrained land supplies and we’re anticipating a lot of interest in this particular development.”
Apartments range from 60sqm up to 160sqm for three bedrooms, and will be available for sale off the plan between $392,000 and $990,000.
“Apartments of this size are experiencing the highest demand in a decade, particularly for young professionals looking for convenience and empty nesters looking to downsize and remain within easy reach of the city.
“Combined with the development’s competitive price points and more buyers being drawn to property in the area, we’re expecting a strong level of enquiry,” he says.
The final development will comprise of four separate buildings and five landscaped areas for residents.
Construction is expected to be completed in late 2015.
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