Spyre secures $8.2m unconditional apartment sale at completed Arc Residences in Toowong

A buyer has dropped $8.2m on a luxury apartment in Toowong. A buyer has dropped $8.2 million on a luxury apartment in Brisbane, waiving the cooling-off period to make the deal immediately unconditional. The sale was in developer Spyre’s recently completed Arc Residences in Toowong, and adds to a 100 per cent settlement rate across the riverfront development. Spyre director Andrew Malouf says buyers will still move decisively when the right product becomes available. Spyre’s Arc Residences. “There is certainly caution in the broader market, but what we are seeing at Arc is that buyers will still move decisively when the right product becomes available,” Spyre director Andrew Malouf said. “Residence 601 going unconditional at $8.2 million over the weekend is a strong example of that. “At this end of the market, buyers are incredibly discerning, and what cuts through is architecture, design and a site that simply can’t be recreated. “These buyers know exactly what they are looking for and they aren’t willing to compromise.” MORE NEWS: ‘I was a smart arse’: Culture Kings’ co-founder regrets rejecting $30m ‘Ultra-rare’: $17.5m luxury penthouse unveiled ‘$1.6m by 2036’: Brisbane suburbs ...