One Park Lane is set to become a true landmark – an iconic building that will alter the Gold Coast skyline forever. Before we dive into this week’s updates, we want to take a moment to extend a massive thank you to all of our buyers who are already a part of this journey. Your support and belief in this project are helping us bring this extraordinary vision to life. In years to come as the Gold Coast becomes known globally as the home of One Park Lane, you can be proud to say you were part of this extraordinary development.
With our eyes firmly set on the future, it has been an incredibly busy and exciting time behind the scenes as we lay the final groundwork for our next major milestones, and the momentum in our office is palpable.
We know our community of future residents and investors is eagerly awaiting the announcement of our appointed builder. Securing a partner who shares our uncompromising vision for quality, luxury, and timely delivery has been a top priority. While strict confidentiality agreements mean we have to keep the name under wraps just a little bit longer, we are absolutely thrilled about this partnership and cannot wait to share the official news with you very soon!
Construction Funding and Market Momentum
In very exciting news, our construction funding timelines have been confirmed. With this milestone secured & our titles about to be registered, our team is now actively preparing to take One Park Lane to its General Release. That means that unconditional contracts are currently slated for the 2nd half of June.
As part of this preparation, we have been conducting a comprehensive review of the current Gold Coast property market – specifically looking at recent sales data across Broadbeach and Main Beach. What we found strongly reinforces what we already knew: One Park Lane offers unparalleled value in today’s market.
How Our Value Compares
During our pre-sales effort, we have carefully analyzed our pricing in the first two quadrants of the building (Levels 5 through 39). Currently, the average price of our remaining stock sits around $17,000/m².
When we step back and look at the broader market, the contrast is stark:
- Entry-Level Competitors: Lower-floor apartments with no views in parts of Broadbeach and Main Beach are currently selling at upwards of $20,000/m².
- Comparable Elevations: Other developments are reaching $26,000/m² and above for apartments on floors 20 and higher.
- The Market Average: The vast majority of our direct competition is now sitting well over $22,000/m².
What this means for you: As is standard industry practice, our prices will naturally rise upon General Release. However, given where the rest of the market currently sits, we are highly confident that this iconic landmark project will continue to deliver exceptional, unbeatable value to our buyers right up until we reach the final close-out stage.
A Look at Slender Towers
If you’ve been watching the Gold Coast skyline evolve, you’ll know One Park Lane isn’t the only development adopting a sleek, slender profile. It’s a design style popping up in a few premium spots along the coast.
We recently stopped by another example of a slender tower down in Broadbeach which is nearing completion, with owners set to hand over in late July.
Thank you for your continued support and interest. Stay tuned – we have some major announcements just around the corner!
