The $220 million
Victoria Towers over 50s project at Southport chalked up close to $30 million in sales in 2014.
Recent deals, which include a premium three-bedroom apartment that sold for $760,000, bring total sales in the tower to more than $66 million.
Victoria Towers sales manager Jackie Taylor-Fox said it was the final months of the year that saw sales trend upwards thanks to developer incentives and the opening of the onsite aged care facility, Nobel Life.
Ms Taylor-Fox said the incentive, where the developer pays residents’ body corporate fees for the first two years of ownership, had galvanised the local market.
“The body corporate incentive has proved a winner with buyers and allows them to save upwards of $12,000 over the two year period,” she said.
“With our onsite aged care facility Nobel Life in full swing and the completion of the light rail we are confident of a strong start to sales in 2015.
“January is traditionally a strong selling month and the last quarter of 2014 has provided a strong platform for the New Year.”
Ms Taylor-Fox said local buyers were attracted to the low-maintenance lifestyle of the vertical over 50s community.
“Residents find they can embrace the recreational and socially active aspect of life moving here” she said.
“With the light rail up and running, buyers have access to the some of the best dining, retail and lifestyle amenities on the Gold Coast.
“The light rail service runs right past the building, essentially eliminating the need for a car.”
Victoria Towers’ recreational facilities include an open-air bowling green, library, barbecues and dining terrace, lap pool, sauna, steam room and spa.
Each apartment at Victoria Towers has a 24/7 connection to emergency support, while on-site management ensures the premises are maintained and operated to a high standard.
A range of one, two and three-bedroom apartments are available from 79 square metres to 155 square metres and are priced from $330,000.