MELBOURNE, October 22 — Malaysian property developer UEM Sunrise has launched Conservatory, its second Australian development in two days, at an event here Thursday.
The groundbreaking ceremony of UEM Sunrise’s A$770 million (US41 = RM3.09) 92-storey tower in Melbourne’s central business district Wednesday was performed with a news that all 941 units have been sold.
The A$320 million 42-storey Conservatory development has been met with keen market interest, with more than 65% of apartments sold as part of an exclusive pre-sale campaign.
Located on Mackenzie Street with panoramic views over Carlton Gardens, Conservatory will deliver 446 one, two and three-bedroom apartments and penthouses, and its construction is expected to begin in the first half of 2016.
One of the development’s most stunning features will be a rooftop garden area, complete with outdoor lounges, spa pools and stunning views across Melbourne.
“We are extremely pleased to have received such a high level of interest from local and international buyers in both the owner-occupier and investor markets looking to benefit from luxury-living and first-class amenities in the world’s most liveable city,” UEM Sunrise Managing Director/Chief Executive Officer Anwar Syahrin Abdul Ajib said.
He said Conservatory’s amenity triumphs other developments, with expansive communal recreation and entertaining areas layered in three levels as the tower ascends.
Prof Philip Cox of Cox Architecture, who designed the property, said the landmark tower would offer a sanctuary for its occupants – a place to grow, relax and share special moments.
“Conservatory embraces the true spirit of garden living in the city,” he said.
One-bedroom units start from A$447,000.