Paula Shearer News Corp Australia Network
July 14, 2016
A LUXURY riverfront apartment project at Toowong has recorded $26 million worth of sales since its launch earlier this year.
A third of the 33 Banc apartments are now sold.
Developer John Li from Ideal Property said most buyers considered the move to be an upgrade from their family home – based on the location and resort-style resident facilities.
“A lot of people talk about downsizing from a house to an apartment, but the reality is that most of our buyers are moving into a Banc apartment that is comparable to their previous home in terms of size,” he said.
“They are actually elevating their lifestyle with better views and access to facilities.