Cielo Group has lodged plans for its second project on the Gold Coast - a boutique apartment tower in the coastal suburb of Bilinga.
The ten-storey residential project is proposed to have 18 three-bedroom apartments and a single four-bedroom penthouse, with three apartments occupying each level of the building’s lower levels and two apartments on each level of its upper floors.
On the project’s ground floor will be a lobby, surf store, and beach wash-up station. Underneath, a two-level basement car park for up to 40 cars.
As for the apartment building’s facilities, they will mostly be located on its rooftop deck set to have a plunge pool, gymnasium, dining room, and other amenities.
The project site is located at 90-92 Pacific Parade, situated just in front of the beautiful North Kirra Beach. Currently, the 1,000 sqm beachfront location is occupied by two low-format homes on two allotments.
The Bilinga boutique apartment tower will be the second project for Cielo Group. The Brisbane-based developer is familiar with the area and already has plans for another project at 55 Golden Four Drive - just a five-minute stroll from this project.
The Pacific Parade project will likely be the developer’s last in the Gold Coast for the time being, considering the continually rising high-priced land values and construction costs.
Yet, the Gold Coast maintains its position as one of the fastest growing regions in the Queensland property market. A report conducted by KnightFrank positions the coastal metropolis as Australia’s best performing city in global cities’ prime residential price growth.
The surge in price growth is due to a variety of factors - one of them being the increased demand for apartment residences in the Gold Coast. Cielo Group is evidently aware of this demand and shrewdly catering to it.
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