SUNLAND'S ABIAN TOWER FAST-TRACKED
Written on the 13 May 2014
PROPERTY developer Sunland Group (ASX:SDG) has announced $160 million in pre-sales for its residential tower Abian, due to start construction next month.
The 40-storey tower will have 147 luxury two, three and four bedroom apartments, villas and penthouses with prices starting from $1.38 million.Managing director Sahba Abedian (pictured) says the project was fast-tracked, after 80 per cent of units were pre-sold.
“Abian is redefining the luxury residential market in Brisbane and is unmatched in terms of its location, architectural design and amenity.“The strong level of buyer demand indicates a healthy appetite in the market for design-driven, luxury product, with 116 of the 147 residences now under contract,” he says.
The in-house division Sunland Construction will commence early works in late June, with the project expected to be completed mid-2017.Abedian says the Brisbane market is a key focus of the Gold Coast-based company’s growth strategy, with another residential tower planned for Toowong.
Abian is located at the entrance of the Botanic Gardens in the CBD and will include a concierge, swimming pool, gym and car parking.