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Mirvac Plans New Apartment Building in $900m Development

Mirvac Plans New Apartment Building in $900m Development

Diversified property group Mirvac has released plans for its newest apartment project within its Tullamore precinct, the former 47-hectare Eastern Golf Course in Doncaster. The six-level $45 million building will comprise 102 residences and grand penthouses spanning 171sq m in size. The listed property group recently flagged a focus towards developing more mixed-use precincts across…

Chinese bail out of apartment projects!

Scores of east coast property development sites, some able to take 400-unit apartment towers, will hit the market within months as Chinese developers crippled by a lack of finance are forced to sell. The move comes as Chinese investors are pulling back from some of the world’s key commercial real estate markets, as Beijing continues…

Sydney’s Opal Tower: What We Know So Far

Sydney’s Opal Tower: What We Know So Far

The much-publicised Opal Tower saga now enters its fifth week of uncertainty with 105 of the buildings 392 apartments declared “unliveable” and structural repairs potentially required on every level. The newly-built 36-storey Sydney apartment building was evacuated on Christmas Eve after cracking in precast concrete panels was discovered on level 10, sparking fears that the…

Sydney’s Opal Tower: NSW orders probe after ‘cracking’, evacuation of residents

Sydney’s Opal Tower: NSW orders probe after ‘cracking’, evacuation of residents

The NSW planning department has started a probe into developer Ecove’s Opal Tower in Sydney Olympic Park, after residents of the 392-apartment tower were evacuated on Christmas Eve. Planning Minister Anthony Roberts said on Wednesday his department would “comprehensively investigate and report to me all steps taken” to ensure the building’s structural integrity. “The investigation…

Sunland Lodges Plans for $90m Gold Coast Tower

Sunland Lodges Plans for $90m Gold Coast Tower

Developer Sunland Group has lodged a new development application with the Gold Coast City Council for a 16-level boutique apartment project. The Labrador site has existing approval to deliver a 35-story tower with 217 apartments, although the Group’s revised proposal would deliver half that with its plans for a 16-story residential tower designed to capture…

Chinese developers are steering away from expensive inner city site purchases for apartment projects as they wait out the housing downturn and the uncertainty of next year’s federal election. At the height of the boom in and around 2013 to 2015, many Chinese developers including Greenland, Golden Horse, Country Garden, Aqualand and Dalian Wanda paid…