Amalgamated Property Group (APG) and its project partner Base Developments are forging ahead with the $160 million luxury residential development, Amaya, at Broadbeach.
The 120-apartment tower is on track for completion in late 2024.
More than 40% of the apartments have already been sold, and the project has advanced to the construction stage with Gold Coast builder GCB Constructions.
“We are seeing a flight to quality in the market and the top priority for apartment buyers at present is certainty of delivery and product quality,” said Nicholas Clydsdale, Senior Director of CBRE Residential Projects.
“Both Amalgamated and Base have an enviable reputation for project delivery that underpins the success of the many projects they have undertaken on the Gold Coast and nationally.”
He added that their strong financial backbone allowed the project to move ahead without delay.
Amaya, which is situated just 300 meters from the beachfront, offers a premium residential address with generous floor plans catering to downsizers.
Designed by Gold Coast architecture firm DBI Design, the development features two- and three-bedroom residences with floor-to-ceiling windows and large balconies.
Current prices start from $935,000 for two-bedroom apartments, providing 100 to 101 sqm of living space, while three-bedroom layouts offer 148 to 151 sqm.
A new release of half-floor homes, boasting 252 sqm, is now available on level 27.
The development provides residents with exclusive access to two floors of state-of-the-art facilities, such as a gym, sauna, steam room, pool, spa, barbecue, and patio.
Amaya will be close to the beach, river, restaurants, and shops, with a G:link light-rail station just 150 meters away.
The development has attracted Gold Coast residents looking to downsize, as well as interstate families and couples.
“For many buyers, Amaya is an upgrade from their current home by offering three-bedroom homes with the combination of luxury interior design and spectacular views; it is ticking all the boxes and providing everything they’re looking for,” Clydsdale said.
APG has completed over $3.8 billion in residential and commercial developments since 2002, with recent projects including Ivy, Oaks, Kiara, The Griffin, and ANZAC Park East.