Construction is about to begin on a 33-floor luxury development in the Gold Coast, where each unit is at least a full floor of the building.
Arden by NBFI Invest will sit at 152 Surf Pde, Broadbeach, offering 25 boutique residences with a premium view over the beachside locale.
Having launched in early March, the building has already seen 20 per cent of its homes sold, with the next batch expected to go to market when building begins in May.
Arden in Broadbeach, a development by NBFI Invest, is set to begin construction by the end of May.
The tower will offer 25 boutique residences for those seeking luxury living in one of the Gold Coast’s most sought-after locations.
NBFI Invest Executive Chairman Peter Wright said this was the company’s first development in South-East Queensland, which had already seen strong demand from Sydney buyers.
“The early response to the project has been extremely encouraging and reinforces our confidence in the strength of the luxury residential market on the Gold Coast,” he said.
“Today, it is a very robust market … it now has well-established infrastructure and very strong hospitality.”
20 per cent of homes have already been bought, with the next batch expected to go on the market with the start of construction.
NBFI Invest has seen heavy levels of interest from Sydney buyers, with downsizers and entrepreneurs interested in tapping into the Gold Coast’s lifestyle.
The $150 million project sits right next to Broadbeach Park, just a short walk away from the coast itself.
Each apartment is at least 251 sqm in size, ranging from full-floor homes to double-story penthouse and subpenthouse suites.
So far, four Sydneysiders and one Queenslander have made the jump to grab a property on the lower floors, where home price begin at an eye-watering $4m.
Prices begin at $4m per full-floor property, with the double-storey penthouse currently valued at around $12.975m.
Meanwhile, the penthouse – a double-storey property with a rooftop retreat – is currently under negotiation, currently estimated to be worth around $12.975m.
Construction is being handled by Paynter Dixon, with marketing team Highland in charge of sales.
Early sales indicated apartments had found appeal with luxury downsizers across NSW, Victoria and Queensland, along with entrepreneurs seeking to capitalise on the Gold Coast’s lifestyle.
Construction is currently anticipated to finish in May of 2028.
Highland CEO David Highland said the home’s five purchases occurred within just a week of their first launch, and the team was seeing high demand to get into the Broadbeach market.
“Demand from Sydney buyers has been particularly strong,” he said, “with many looking for a residence that combines the lifestyle of the Gold Coast with the level of quality and scale they’re accustomed to in premium Sydney developments.”
With a two-year timeline laid out for the project, residents can expect to move in to Arden Broadbeach in May of 2028.
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