Gold Coast Bulletin

Tower Unit Sells For $10Million

A UNIT inside an under-construction Surfers Paradise tower has sold for more than $10m.

An international buyer snapped up the full-floor unit in the Sammut Group’s 37-storey Coast tower, reducing its available stock to just eight.

Sales of the 53-unit tower have averaged at more than $6m each since it was launched to the market in late 2021. Sammut Group CEO Allen Sammut said construction of the tower was on track for completion in early 2025. “This sale is an exceptional result so early in the new year,” he said. Highland CEO David Highland, the lead real estate agent on the project, said the buyer was an experienced investor who paid $10.75m for the four-bedroom unit.

“This is an outstanding result that is extremely encouraging for the Gold Coast market in general,” he said. “Buyers continue to respond to this rare combination of location, views and quality design. To see it coming out of the ground adds further confidence.

“This has been a very astute purchase by a very seasoned, knowledgeable property buyer who recognises the unique value of an apartment of this kind, in this location, within such an intimate setting.”
The tower is being built by Sammut Group in partnership with Alceon Group