Cielo Group lodges plans for Bilinga boutique apartment tower

Market Insights
2 years ago
2 minutes

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.

View of North Kirra Beach from close-by-suburb Coolangatta. Image source.

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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