Prestigious properties selling fast

Melbourne-based Hirsch & Faigen is edging closer to a sellout of its $350m debut Gold Coast portfolio, with two projects nearing completion and construction of a third well under way.

With its first project, the $75m Hemingway Palm Beach, securing buyers for all apartments, and its follow-up, the $75m Emerson Kirra being just a penthouse away from a sellout, Hirsch & Faigen is poised to close off a hugely successful Gold Coast foray with three projects wrapped up in just over two years.

The company’s latest project – the $200m Yves Mermaid Beach (pictured) – is 90 per cent sold, with the company confident the remaining apartments will sell in coming months.

All three developments are under construction by Hutchinson Builders, with Hemingway and Emerson both topped out and nearing completion.

Yves Mermaid Beach, Hirsch & Faigen’s largest development to date, is currently taking shape with construction reaching the ground floor level following the recent completion of the basement carpark.

Yves Mermaid Beach, which comprises a total of 146 luxury apartments over 25 levels, has just seven residences left comprising five two-bedroom apartments and two penthouses.

“Yves is still generating strong interest from a broad range of buyers looking for the lifestyle afforded by this exclusive pocket of Mermaid Beach, just a stroll away from Pacific Fair and the Broadbeach entertainment precinct,” said sales Director for Hirsch & Faigen, Matt George.

“We’ve witnessed strong sales from southerners who are seeking generous living spaces where they can be host to visiting family. Whereas, on the other end of the scale, we’ve been inundated by sales from local buyers who are looking to downsize.”

Apartments at Yves are priced from $1.05m to $1.3m, with the penthouses priced from $5m to $6.5m.