Sovereign Shores luxury Gold Coast development hits halfway sales milestone

Luxury waterfront development Sovereign Shores. Downsizers and interstate buyers have snapped up 16 luxury villas in $105m waterfront development Sovereign Shores on the Gold Coast. Buyers paid between $3.7m and $4.9m to secure a home in the gated waterfront community in Paradise Point with half of the 32 residences sold in the project by developer Metacap. The development looks out towards popular Sovereign Islands. Luxury waterfront development Sovereign Shores. The sales reflected continued demand for premium waterfront low-maintenance property on the northern Gold Coast. Construction is progressing with seven villas now complete and six apartments nearing completion. The construction is on schedule with completion expected within the next 18 to 24 months. Metacap sales director Steve Condon said the combination of visible construction progress and sustained buyer demand had created strong momentum for the project. MORE NEWS: Aussie ‘survival estate’ with cattle farm sells Flight Centre tower deal takes off for $255m Pet crisis: Shock 86pc lost to cost of living crunch The project looks out towards the Sovereign Islands. “Reaching the halfway sales mark is a significant mileston...