- Shows the demand of quality owner-occupier apartments, the developer said
- Equates to $45 million in sales
- 65% sold in four weeks
More than half the apartments at new $75 million boutique residential apartment building PAMA Casuarina have been sold after a month on the market.
The building planned for Casuarina Beach has high appeal for property buyers who have secured 65% of the building’s apartments, accounting for $45 million in sales.
Demand and availability
Luxury apartment marketing agency TOTAL Property Group is managing the sales and said the continued strong demand for property in Northern NSW, the high quality of apartments, and the desirable location have contributed to the high sales results.
TOTAL Property Group managing director Adrian Parsons said a wide variety of buyers were taking up the opportunity to own an apartment at PAMA Casuarina due to the growing popularity of Casuarina Beach and the limited supply of quality owner-occupier apartments available between Byron Bay and Kingscliff.
He said local purchasers were the first to secure their new apartments at PAMA Casuarina with nine selling to buyers living within 10 kilometres of the development site in the heart of Casuarina Beach.
“Local buyers were the first to purchase as they are fully aware there is a limited opportunity to own a luxury apartment in Northern NSW,” Mr Parsons said.
“Most are planning to downsize from their larger houses to live in PAMA Casuarina for a low maintenance lifestyle and exclusive access to resort-style amenities at this popular beachside location.
“A significant proportion of PAMA Casuarina buyers are from the Gold Coast and Brisbane, and apartments have also been selling to southern buyers with a four-bedder snapped up by a Sydney family for a holiday home.”
Mr Parsons added, “Rising demand for property in Northern NSW and the limited stock available has presented a unique investment opportunity to the market and buyers have acted quickly to avoid missing out.”
5 Grand Parade
PAMA Casuarina, which sits at 5 Grand Parade, is being developed by Holm Developments and De Martini Fletcher in a joint venture.
Holm Developments director Godfrey Esmonde said the development team identified the 4083sqm site in the heart of Casuarina Beach as a unique opportunity to deliver a signature collection of premium apartments designed specifically for the owner-occupier.
“PAMA Casuarina has been designed to appeal to a wide range of demographics from downsizers and families to relocators and holiday home purchasers seeking an easy going lifestyle, whether it be permanently or for weekends and holidays.”
The building has been designed by local resident, architect Danny Juric of award-winning Plus Architecture.
There will be two, three, and four bedroom apartments across the building’s four storeys and priced from $1.065 million.