In defiance of a lack lustre Brisbane apartment market, Stage 1 of Arena South Brisbane has effectively sold out at launch. On March 23, commencing at 8:00am Brisbane time, Building 1, worth over $50 million, was released to the market and 81 out of 94 apartments were snapped up as fast as contracts could be exchanged.
The overwhelming response to the release of Building 1 has prompted developer, Galileo, to bring forward the launch of Building 2 to the new release date of 4 May, previously not expected until mid-year.
CBRE Project Marketing commenced a preregistration campaign in February this year and fielded over 1500 purchaser enquiries and conducted over 300 buyer appointments in lead up to the launch.
CBRE Project Marketing Managing Director, Paul Barratt, said “we have not seen such genuine market interest in a new off the plan project in almost 10 years”.
To contact Arena, call 1800 753 988