Gold Coast: Indian millionaires and cashed-up expats are Jewel developer’s latest focus

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first_imgLucas Wilson (R) Jewel Sales and Marketing Director and Patrick Pancur Managing Director, Projects & Development of Sotheby’s International Realty pictured at the Jewel site. Photo: Steve HollandINDIAN millionaires are the latest target in an international sales push by the developers of the $1 billion dollar Jewel project in Surfers Paradise.China’s Dalian Wanda group, which is developing the Surfers Paradise project in a joint venture with Ridong Group, has moved its attention offshore in a bid to secure wealthy expat buyers.The developers engaged Sotheby’s International Realty to market the apartments overseas.Jewel sales and marketing director Lucas Wilson said Indian buyers were in their sights.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:41Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:41 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.check out developments virtually!00:41 Related videos 00:41check out developments virtually!01:60Sneak peak inside Hawksburn Place Residences02:02Sneak peak: FV building03:05The Converted: Boot Factory01:30Dream Home: North Sydney00:45Dream Architecture: Mandalay House“We found that there are more millionaires in India per capita than anywhere else in the world,” he said.“What is really interesting is the buyers we have had are from Spain, France and Saudi Arabia but the forecasted interest is from India.”“China was touted as a heavy buyer market but we have only seen them snap up the more affordable units in tower one, and they have only had an 8 per cent buying impact. It is quite obvious they will use those apartments as investments.He said despite the overwhelming attention from overseas buyers it would be mostly Australians looking for a slice of paradise.“Out of the 511 units I would be very surprised if 65 per cent didn’t sell to the domestic Australian market,” Mr Wilson said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North9 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoLucas Wilson (R) Jewel Sales and Marketing Director pictured at the Jewel site. Photo: Steve HollandSotheby’s Managing Director Patrick Pancur said the international sales pitch to sell the Jewel project into markets including New Zealand, India, Japan, Taiwan and the Middle East, came off the back of data-based research.“New Zealand is the first stop because of its neighbouring location and we have received a very high amount of interest from New Zealand owner occupiers,” he said.“The New Zealand economy is also doing well and these buyers won’t need FIRB approval, which adds to the interest we are getting from them.“There is such a huge shift in the market from downsizes and investors to owner occupiers and people who want to buy a luxury property to keep.The development is well into construction ahead of its expected completion in 2019.At the Corner Wharf St, and Old Burleigh Rd, Jewel’s three-tower project is slowly emerging from the sand with five cranes working on the site.Buyers will fork out $675,000 for one bedroom apartments and prices for two-bedroom apartments start from $1.434 million.last_img read more

Protesters hopeful on ticket prices

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first_img Press Association Football Supporters Federation (FSF) chief executive Kevin Miles attended the meeting with Scudamore along with representatives of fans’ groups from Liverpool, Manchester United, Tottenham and Arsenal. Miles said: “I’d like to say we’ve won an immediate reduction in all Premier League ticket prices – that’s not the case but we have been able to express, in the meeting and in terms of the numbers outside, the strength of feeling on the issue of ticket prices. “We got a response that was ‘willing to listen’. They shared some of our concerns and agreed to ongoing dialogue to try to come up with some solutions. We regard this as the start of a process rather than the end.” The Premier League continues to grow in wealth with a new three-year £5.5billion global television rights deal coming into effect from the start of the 2013-14 season. Calculations revealed by the FSF show that the increased revenue would be enough to cut the price of every ticket at every game by £51.30. The Premier League has previously said it encourages “stretch pricing”, where a range of prices are offered to ensure those with lower budgets are catered for. A statement read: “The Premier League today met with a group of supporters who took part in the demonstration outside our offices. It was a positive meeting in which we listened to the group and answered their questions. “In the meeting we explained that keeping attendances high is our top priority and that encouraging the attendance of locally-based supporters and incentivising away attendance are key parts of that. “While it is for individual clubs to set their ticket prices, we agreed with the group that we would further encourage stretch pricing at our clubs in order to make Premier League football available to a wide range of supporters. We recognise the commitment of attending fans and look forward to further discussing the matters raised with the Football Supporters’ Federation.” A group of fans believe they have made positive progress in their campaign for lower Premier League ticket prices following a protest in London.center_img Supporters from across the country gathered to demonstrate outside Premier League headquarters on Wednesday afternoon while a delegation met with the competition’s chief executive Richard Scudamore inside. Disgruntlement over the rising cost of attending matches, particularly away matches, has grown in recent years and notably commanded attention after Manchester City’s visit to Arsenal in January. City returned around one third of the 3,000 tickets they were allocated for the game after fans baulked at the £62 price. last_img read more