Overwhelming Response to Release of Island Quays Apartments: 20

The RGD Property Group’s decision to release the Island Quays residential apartment project on Kawana Island in the week leading up to Christmas has paid fantastic dividends with sales commitments received for 18 of the 48 apartments.

RGD Director Tony Long said the 18 pre-sales represented nearly $10 million in sales.

“This is an outstanding result considering how flat the property market has been over the past 12 months. However it does reinforce the market’s approval of the quality and absolute value of our apartments on Kawana Island,” he said.

Designed by leading Sunshine Coast architect Frank Raadschelders, Island Quays presents an outstanding opportunity to purchase within Kawana Island’s exclusive waterfront precinct for just $430,000.

Island Quays will consists of 48 two and three bedroom waterfront and parkland facing apartments at an average size of 160m2.

Mr Long said Island Quays was a rare chance to live on Kawana Island’s waterfront at a very affordable price.

“Although they will be slightly smaller than the St Kitts apartments, they certainly won’t be pokey. We’ve also maintained high standard of fittings and finishes as well as the latest kitchen appliances from Kleenmaid.

“All apartments will have secure underground double garages and additional storage space. Residents can also access their own communal pool, spa and a full size tennis court in a magnificently landscaped setting,” he said.

Mr Long said settlement for the Island Quays was expected in mid 2007 and an initial deposit of 10% was required to secure an apartment.

The release of Island Quays represents the RGD Property Group’s third apartment offering at Kawana Island following the successful release of St Kitts and Terraces on Grand.