THE $8 million purchase of residential tower The Oracle’s luxe two-level penthouse by a Chinese national has rewritten real estate history for both apartment and house prices in Broadbeach.
It also registers as the Gold Coast’s highest residential sale of the year.
The deal included a swift 14-day settlement set for September 10. The sale follows a rebrand by KM Sales & Marketing, which launched on the Gold Coast last year.
KM Sales & Marketing also brokered the record-breaking, $25 million off-the-plan sale of the penthouse in Australia 108 - the southern hemisphere’s tallest residential tower in Southbank, Victoria.
Jayde Pezet, a director with KM Sales & Marketing, said the penthouse sales in The Oracle and Australia 108 to Chinese buyers came from the company’s extensive international networks and market knowledge.