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Construction well underway on $120m Élevé Residences

Only a few apartments remain within Stanley Ho’s development in Carrara

Élevé Residences, set within Palm Meadows’ exclusive golfing enclave at Carrara on the Gold Coast is under construction.

Condev Construction is building the 63 apartment project that features 1, 2 and 3 bedroom residences which are due for completion in November 2017. Colliers International has been appointed to sell the remaining apartments.

Hong Kong billionaire Stanley Ho and his company Hungtat Worldwide, has owned the site for 20 years as part of the larger 380ha land holding which encompasses the iconic Palm Meadows Golf Course, designed by Australian golfer Graham Marsh.

“This is the first phase of a multi-stage development within the Palm Meadows golfing precinct,” said Tony Hickey of Hickey Management who is managing the development on behalf of Stanley Ho.

“The Ho family has shown huge commitment to the project and expressed interest in continuing to roll out the future stages considering the Gold Coast economy’s positive outlook with increasing tourism numbers and infrastructure spending. The Carrara (Metricon) Stadium which is within close proximity to the development will be a major focal point for the 2018 Commonwealth Games.”

“The remaining two bedroom apartments which are selling from $435,000 and three bedroom from $560,000 offer outstanding value in what is a strong investment market driven by low rental vacancy,” said Tony Hymus of Colliers International who is marketing the project.

“Owner occupiers are also showing keen interest due to the central location and the lifestyle attributes of Élevé. In the space of a few weeks we have achieved 7 sales, which are at various stages of the contract process. We only have a few apartments left to sell.

Élevé Residences

“We have a very special offer for the last remaining apartments valued at over $11,000. Each purchaser gets free window furnishings for their apartment and 12 months’ body corporate levies paid by the developer.

“In addition, for the first 3 years after settlement each purchaser will receive a 4 day stay at Mercure Gold Coast Resort per year and 2 rounds of golf (for 2 people) per year. The Mercure is within the Palm Meadows precinct just a few hundred metres from Élevé.

“Élevé is exceptionally located in the green heart of the Gold Coast, bordering 1.3ha of rejuvenated parkland, yet it is only short drive away from the Gold Coast beaches, shopping and lifestyle amenities.

“Each Élevé apartment bears the mark of Archidiom Design, and features open-plan interior living spaces with big balconies to maximise the elevated views over the Gold Coast. The first-class resort amenities include landscaped outdoor entertainment space and swimming pool,” Mr Hymus said.

The full size display apartment can be viewed at Palm Meadows Golf Club, Palm Meadows Drive in Carrara. Call 1800 692 403 or visit www.eleve-residences.com.au for more information.

 

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