{"id":81169,"date":"2018-02-27T09:55:12","date_gmt":"2018-02-27T02:55:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/world-class-globals-melbourne-project-nearly-sold-out\/"},"modified":"2018-02-27T10:07:12","modified_gmt":"2018-02-27T03:07:12","slug":"world-class-globals-melbourne-project-nearly-sold-out","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/world-class-globals-melbourne-project-nearly-sold-out\/","title":{"rendered":"World Class Global\u2019s Melbourne project nearly sold out"},"content":{"rendered":"


\nArtist\u2019s impression of the AVANT residential project in Melbourne.
\nSingapore-listed developer World Class Global (WCG) has sold more than 96 percent of the 456 units at its 56-storey AVANT residential project in Melbourne, recording total sales of AU$252.7 million (S$261.96 million).
\nAccording an SGX filing on Tuesday (27 February), the company informed buyers last Friday that it is set to hand over 203 completed apartments on the first 30 levels of the building under the first phase of the project. Subject to actual settlements, it expects to recognise up to AU$104.8 million in revenue from this.
\n\u201cAVANT\u2019s first phase handover is an important and significant milestone for our group as it also marks the very first handover among WCG\u2019s portfolio of five property projects across Australia, spanning Melbourne, Brisbane and Cairns,\u201d said WCG\u2019s Executive Director and Chief Executive Officer Ng Sheng Tiong.
\nThis will be followed by the delivery of the remaining 238 units sold under the second phase, which is anticipated to be ready over the next six months. From this, the developer expects to post revenue of up to AU$147.9 million (S$153.32 million).
\nAVANT is situated at 60 A\u2019Beckett Street in the heart of Melbourne\u2019s central business district (CBD), within proximity to RMIT University and Queen Victoria Market. Designed by Australian architecture firm Elenberg Fraser, the building\u2019s exterior features tinted glass and a distinct weave-like pattern.
\nAs of 27 February, WCG has raked in overall sales of around AU$1.1 billion (S$1.14 billion) from previously launched projects, namely Nova City in Cairns as well as Melbourne\u2019s AVANT and Australia 108. The firm\u2019s other two residential developments in the country are yet to be released.
\nLook out for listings of new projects in Australia, or check out other overseas property investment opportunities.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…World Class Global\u2019s Melbourne project nearly sold out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the AVANT residential project in Melbourne. Singapore-listed developer World Class Global (WCG)...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-81169","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-l7b","jetpack-related-posts":[{"id":101031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aspials-property-business-revenue-nearly-quadruples\/","url_meta":{"origin":81169,"position":0},"title":"Aspial\u2019s property business revenue nearly quadruples","date":"November 8, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the City Gate project in Singapore. Aspial Corporation\u2019s revenue for the first three quarters of 2018 more than doubled to $771.68 million compared to $354.93 million in the same period a year ago, revealed an SGX filing on Wednesday (7 Nov). The robust growth was driven\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-luxury-property-buyers-really-want-to-live-in-melbourne\/","url_meta":{"origin":81169,"position":1},"title":"Global luxury property buyers really want to live in Melbourne","date":"January 1, 2016","format":false,"excerpt":"\r Some sellers are actually setting limits for foreign buyers Shadow Play, located in Southbank, Melbourne Melbourne truly lives up to its reputation. 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The Victorian government has approved a spate of new hotels across Melbourne in the last two years, including the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brunei-prince-turns-profit-from-sale-of-melbourne-university-building\/","url_meta":{"origin":81169,"position":5},"title":"Brunei prince turns profit from sale of Melbourne university building","date":"December 30, 2016","format":false,"excerpt":"\r Fierce competition for this property Yarra River in Melbourne at sunset looking towards Southbank. Cornelius Darrell Sunarjo\/Shutterstock KLW Holdings, a Singapore-listed company chaired by Brunei Prince Abdul Qawi, has sold seven-storey university building in Melbourne for AUD34.2 million (USD24.7 million) to the Poulakis family of Harrolds fortune. 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