Sales Figures Exceed $100 Million Figure
FKP's groundbreaking $210 million The Milton apartment tower has passed the $100 million sales milestone, with 60 per cent of apartments now sold off the plan.
In total, 170 one and two-bedroom apartments have been purchased by buyers wanting to get on board with the first major integrated Transit- Oriented Development (TOD) to be released under the new Southeast Queensland Regional Plan.
On completion, the 30-level development will feature 298 one and two bedroom apartments priced from $495,000.
The apartments will be spacious and contemporary and boast luxurious high quality fixtures and fittings as well as generous balconies taking in city, river and urban scenery.
A resort-style leisure deck will include recreational residential facilities including a pool and barbecue area as well as access to a rooftop observation deck while a street-level retail precinct will also be available.
FKP's head of Queensland developments Gary Kordic said The Milton was setting the pace for apartment development in Brisbane, with buyers appreciating its inner city location and cutting-edge design.
"Achieving $100 million in sales is a fantastic milestone which reinforces The Milton's position as one of Brisbane's most popular off-the-plan developments," Mr Kordic said. "The TOD concept is new to Brisbane and takes convenience and liveability to a new level.
"Residents will have unparalleled access to public transport in the heart of laid-back Milton with front door access to Milton railway station and close proximity to major roads.
"The CBD is just two train stops away and some of Brisbane's top precincts and sights are in easy reach."
Mr Kordic said the quality of the design and location of The Milton was also second to none in Brisbane.
"Milton is a contemporary urban hub earmarked for a major rejuvenation and buyers are seeing the value in getting in at the ground level," he said
Construction is scheduled to begin late this year with completion expected in 2014.