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Lofty trend a site for soar eyes

By Mackenzie Scott - Weekend Australian - Page 32

Luxury developers are bringing more penthouses to the market in a bid to appeal to cashed-up local and expatriate owner-occupiers.
 
AMP Capital and Billbergia’s Skytower launched 43 apartments on to the Brisbane market this week in its new The Horizon Collection, which sit atop its 90-storey tower in the heart of the Brisbane CBD.

Priced between $1.2m and $7.9m for the top-level penthouses, the 43 units occupy the top nine floors of the skyscraper.
 
Place Advisory director Lachlan Walker said off-the-plan sales were significantly below the long-term average but he was optimistic. “We have been through a pretty tough 12 months so it sort of suggests that we have gone through the worst and that the market is looking at an improvement over the next year,” Mr Walker said.
 

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