Almost 50% of the 103 apartments, ranging in price from $1.3 million to more than $5 million, have sold in advance for the Not For Profit’s village which CEO Sonya Smart said back in May 2022 will “push the envelope for retirement living”.
“St. Clare hit a major milestone this week, with over $100 million in sales, more than eighteen months prior to construction completion,” a VMCH spokeswoman told The Weekly SOURCE.
“This is an outstanding achievement, particularly in a premium retirement community where 60% of stock is priced at over $2 million,”
Prospective purchasers were advised of a scheduled price rise to occur on 1 July and it caused a wave of new reservations for apartments.
Recognising the inflationary environment, VMCH worked closely through the tender period with the contractors and ultimately with our building partner Hacer Group to formulate a fixed price contract sum and ensure a de-risked contract for the delivery of the $230m project, prior to public launch. St Clare's architect is Woods Bagot,
“Construction is currently running ahead of schedule. Suspended concrete has been poured on Ground Level over the basement, which marks the beginning of our concierge, café and gym.” the spokeswoman said
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