Changes to Broadbeach’s Naia tower tipped to attract owner occupiers

first_img MORE NEWS: Beachfront home or five-star resort More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago MORE NEWS: Skyhome marks top sale The developer of Naia Broadbeach wants to change the tower’s design to attract more owner occupiers.CHANGING market conditions have pushed a developer to alter the design of its proposed $88 million Broadbeach apartment project.The head of Eastview Australia, which is acting for developer Jun Xin Oceanscape, said the changes to Naia will make it more appealing to buyers, particularly owner occupiers.“The developer has considered the best options for the project to ensure that Naia proceeds to the construction phase and we have undertaken a workshop to investigate a model that will ensure the success of the project,” Eastview Australia’s managing director Graham Goldman said. “One of the key initiatives is to have a point of difference for the buyers, to improve and expand on the current facilities of the building for the residents to attract a greater share of the owner-occupier market.”The management rights to Naia have been acquired by Tourism Holdings Pty Ltd, which is led by one of the Gold Coast’s most experienced property managers, Bryan Frawley. The company’s existing portfolio includes high-profile Surfers Paradise towers Q1 and Rhapsody.“We are working closely with Mr Frawley’s group to ensure that we create a residential building that will be well received by the market,” Mr Goldman said. Changing market conditions have prompted the developer’s decision to alter the design.center_img Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:46Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:46 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenChoosing an apartment to invest in01:47 Naia’s current design includes 97 contemporary apartments at 48 Alexandra Ave with ocean views and expansive outdoor areas including a rooftop residents’ lounge with swimming pool. While the project had already secured more than $20 million in sales, tighter lending conditions have led to a drop in the investor market nationally.However, strong interstate migration meant the Gold Coast owner occupier market was holding up well. Before construction proceeds, the developer needs to obtain Gold Coast Council support for the proposed changes. Sales of Naia apartments have been put on hold until then.last_img


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