One of the Gold Coast’s most innovative and sustainable towers, 26 Vista, is heading to Kuala Lumpur this weekend, where purchasers can own a slice of the RM900m residential offering via exclusively reserved stock.
The launch event will be held at Le Meridien Kuala Lumpur on August 11 to 13. The Malaysian Roadshow comes after a strong sales launch in Australia that has seen the project average RM60m in sales each month, since its launch to market in late February.
The impressive results come as Gold Coast’s property market goes from strength to strength; the Gold Coast experienced the second
largest population growth among major Australian cities at 2.2 per cent, largely led by “metro-movers” from Sydney and Melbourne
who are seeking a change in lifestyle.
This population growth has provoked a robust labour market on the Gold Coast with employment growing by almost 8.3 per cent since
March 2020.
According to CBRE, there will be chronic undersupply within the region over the next few years, with supply not keeping up with demand. In 2022, 1,860 units were delivered over 17 projects on the Gold Coast, whereas the population increased approximately 14,060 in FY22.
Vacancy rates also remain tight at 0.9 per cent as of March 2023, causing rents to grow as much as 40 per cent within a three-year window, making it an ideal choice for investors.
Recent council population data forecasts that by 2041, the Surfers Paradise population will have nearly doubled and it is estimated that
of that, close to 85,900 people will live in high-rise towers.
“Australia’s strong economic performance and population offer a proposition for investors seeking stable returns and long-term growth, making it a strong choice for savvy investors,” spoke Chong Shu Ling, Senior Sales Negotiator leading the International Residential division of JLL Property Services.
MRCB International CEO Ravi Krishnan said the group is thrilled to be making a mark on Australia’s fastest-growing city.
“We noticed the growth in interstate and international migration to the Gold Coast and the high demand within the region. This, coupled with the forecasted lack of dwelling supply, drove our decision to invest in Surfers Paradise. The fact that the site that we purchased was in an enviable location influenced the decision.
“Inevitably, the Gold Coast will continue to grow as a region. The trend for footloose industries to locate themselves in areas with
beautiful weather, tourism opportunities, and solid employment, has meant we couldn’t afford to miss this opportunity to invest in the
Gold Coast,” he said.
Reaching 51 storeys high and designed by local architecture firm, DBI Design, 26 Vista offers a range of apartments from one, two
and three-bedroom floorplans, each offering views over the ocean, towards the river, hinterland and beyond.
Residents will have access to a plethora of amenities, including an internal ‘wellbeing’ precinct featuring a spa, gym, outdoor yoga
space, pool, sauna and steam room and a residents lounge, all amenities that are incredibly unique and not often seen across Malaysia property.
For residents located on or above level 33 like Gavin, the highest residential sky pool in the Gold Coast awaits on Level 51, presenting views that stretch out across the ocean.
Last month, MRCB International announced it had secured funding from MBSB Bank with the financial backing signifying MRCB
International’s commitment to delivering 26 Vista. The project is due to be completed in 2026.
