Sydney based property developer JQZ saw a buying frenzy on its first day of sales on November 5, with over 200 apartments sold in under the first two hours of its first sales release.
Local buyers paid average prices for the development, known as 'Prime', 0f $653,000 - $850,000 for one-bedroom and one bedroom and study apartments, $1.4 million for two-bedrooms and study, $1.38 million - $1.548 million for three-bedrooms, and $1.52 million - $2.58 million for two and three bedroom penthouses.
JQZ Founder and CEO Jian Qiu Zhang said the encouraging sales helped prove that the unique location of this project makes it an exceptional offering.
"It will literally be positioned right next door to the prestigious Macquarie Centre, so there’s also an amazing opportunity to offer the ultimate in shopping convenience for residents," he said.
"It’s also just minutes’ walk to the Macquarie University and Macquarie University Train Station. A bus stop will also be right on its doorstep.”
Ultimately, the development will feature 680 one, two, three and four-bedroom penthouse apartments across four towers, each 20 storeys high. Lane Cove National Park will be seen from the north-facing apartments and the Sydney CBD will be seen from the south-east facing dwellings.
CBRE Managing Director David Milton said buyers have recognised the unparalleled convenience this development will offer.
"With integrated living becoming more and more desirable in Sydney, this project couldn’t be more appealing in terms of its offering."“The ground floor is recessed to create a plaza area to activate the street front and provide an extension of the Macquarie Centre retail experience," he said.
"This will include restaurants, cafes and alfresco dining, a children’s water play area and public art. It will be a landscaped public domain area and provide an important extension of the shopping centre.
“The 4 towers will each sit on 4 storey podiums. There is a viewing platform which overlooks the central plaza, a landscaped reading/meditation space, 25 metre heated under-cover pool and adjoining spa and gym," he said.
The central garden, complete with bbq’s, will be unique to the rest of Macquarie Park. The penthouses will even have internal stairs to access their own private rooftop gardens.
"There are 19 penthouses in total.
"The 2000 square metre food and beverage retail plaza within Prime will essentially become a seamless extension of Macquarie Centre. This public domain will become an important value add to the Macquarie Centre shopping experience," Mr Milton said.
JQZ’s own in-house construction team is expected to commence building works in mid-2017 to ensure the high-quality construction standards the company demands are achieved and delivered on time.
