Port still the rage
THE Juniper Group says the demand for high-end property is still strong in Far North Queensland, based on sales in swanky Port Douglas.
Juniper Group just opened the $60 million mixed-use development Coconut Grove resort and has reported 25 apartment sales off the plan, along with record sale prices for the resort.
Group managing director Shaun Juniper said buyers were finalising the purchase of luxury apartments at the resort with the Macrossan St resort so far attracting more than $36 million in residential sales.
This included the landmark sale of a unit for $1.85 million.
The sale is believed to be the highest price paid for a Macrossan St apartment.
Another 11 Coconut Grove apartments sold off the plan for more than $1.5 million.
As well as the apartments, Coconut Grove includes a $14 million retail area with 16 tenancies totalling 1278sq m on the ground floor, plus 142sq m for alfresco dining.
Mr Juniper said Port Douglas's reputation for luxury resorts, dining and retail in one of Australia's most idyllic spots was attractive.
"Coconut Grove will complement the existing mix of retail and will be a destination for outstanding dining in a continuation of the exceptional shopping already present in the vibrant heart of Port Douglas,'' he said.
Mr Juniper said Coconut Grove's sales results were based on the property developer's philosophy of building resorts in classy locations.
"Juniper Group has earned a reputation for developing some of coastal Queensland's most stunning boutique resorts and Coconut Grove continues that tradition.
"The settlement of Coconut Grove's residential apartments is another success story for our company," he said.
Share this article
The Juniper Group has reported strong sales at Coconut Grove at Port Douglas.
Market ready to rebound
QUEENSLAND'S property market has "bottomed out'' and is ready to rebound, Real Estate Institute of Queensland chairman Peter McGrath says.
more
Strong demand in Port
THE Juniper Group says the demand for high-end property is still strong in Far North Queensland, based on sales in swanky Port Douglas.
more
CEC nominated for award
CAIRNS building company CEC Constructions has been nominated as a finalist in the 'Earth Awards' for Excellence in Civil Construction. more
CEC clears the decks
LESS than a year after it was launched with much fanfare, the CEC Group has sold the site of its proposed gated community 'The Boulevarde'.
more
Big players head to Cairns for property congress
Former state premiers, major industrialists and researchers will flock to Cairns next week for the Property Council of Australia Congress 08.
more





