CAMBRIDGE RESIDENCES LAUNCHES SECOND STAGE

CAMBRIDGE Residences has released its second stage of apartments in Robina, after the first instalment was snapped up in less than 12 months.

Investors and owner-occupiers secured the first stage of 179 apartments at the $162 million development on Laver Drive.

SPG Holding and Shino Development Group have notched $65 million in sales since its launch to the market in December 2014.

Stage two features 213 one, two and three-bedroom apartments starting from $347,000 and ranging in size from approximately 75sqm to 150sqm.

McGrath Projects director Steven Chen is marketing the project and says the developers brought forward the next stage following sales momentum.

"Selling out stage one in less than 12 months was a great result and demonstrated buyers' appetite for what is being delivered at Cambridge Residences," Chen says.

"The project is appealing to a range of buyer groups who are attracted to the lifestyle benefits of being in the heart of the Gold Coast and the astute investment opportunity that exists."

Eastview Australia managing director Graham Goldman, who is developing and project managing the site, says the sales surge reflects demand in the suburb.

He says the affordable price combined with high-quality features proved hard to resist for buyers.

"Cambridge Residences is just 300m from Robina Town Centre and a few minutes' drive to schools, Bond University, beaches and the hospital - the position is ideal," Goldman says.

"From the open plan living and natural timber flooring to the spacious kitchens and panoramic views to the golf course, Cambridge Residences represents a highly liveable option."

The development will ultimately comprise 413 apartments across four towers.