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Lasail sails past $40M sales

The Property Tribune

July 28, 2021

  • 65% of the projects first release have been sold
  • Second stage is expected to be fast tracked
  • Developer currently has $2B worth of projects in the pipeline

A development with direct access to Moreton Bay, north of Brisbane, has achieved over $40 million in sales, despite being launched just three months ago.

Developed by Traders in Purple, 65% of the first release within Lasail has already been snapped up. Due to the success of this first stage, the second stage of the $120 million project is likely to be fast-tracked.

Located within a master-planned community of Newport, the development will include two six-storey buildings and a marina surrounded by landscaped gardens, communal pools and boardwalks along the water.

“Our vision has been to maximise the unique waterfront position for all owners and that has meant taking great care and consideration to ensure that every single apartment has a water frontage with spectacular views,” said Traders in Purple Development Director Queensland, Brett Lentz.

RotheLowman Architects has designed the apartments, which have an open plan concept, with house-like dual living areas along with spacious alfresco entertainment terraces. Additionally, all master bedrooms feature a water outlook plus a walk-in wardrobe and ensuite. Form Architects have created the site’s gardens and recreation areas

Residents also have the opportunity to purchase a mooring within the adjoining marina.

“It is very rare to be able to offer brand new luxury apartments with their own marina berth in such a sought-after location,” added Mr Lentz.

The Moreton Bay region is one of the most idyllic spots in Australia, so these unique waterfront apartments in this beautiful area are very special.”

Although the developers originally designed the project with downsizers in mind, significant interest has stemmed from post-pandemic buyers from Sydney and Melbourne.

Traders in Purple currently has $2 billion worth of projects in the pipeline, specialising in coastal developments, urban renewal and heritage sites across Queensland, New South Wales and Tasmania.

Construction is expected to generate around 300 jobs.

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