Sammut Group starts construction of $200m COAST tower after a Surfers Paradise buyer frenzy

 Sydney developer Sammut Group has broken ground on its debut Gold Coast project, the $200 million COAST tower, with a message for the market that demand is still running hot in Australia’s premier lifestyle market.

Construction giant Multiplex has kicked off construction of the six-star development in Surfers Paradise after a sales blitz that saw buyers pay an average of $5.25 million for apartments during the launch last year.

The developer says just a ‘handful’ of the 53 apartments are available for sale after racking up $110 million in sales in the first three weeks of the launch representing more than half of the available apartments.

Read More: https://www.businessnewsaustralia.com/articles/sammut-group-starts-construction-of--200m-coast-tower-after-a-surfers-paradise-buyer-frenzy.html



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