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

Johnson backs Graham to end goal drought

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first_imgSunderland winger Adam Johnson has backed January signing Danny Graham to come good in the club’s hour of need. The 27-year-old frontman – a £5million transfer window acquisition from Swansea – will carry the burden of firing the Black Cats to Barclays Premier League safety after it was revealed that leading scorer Steven Fletcher will miss the final eight games of the campaign with ankle ligament damage. Graham is yet to add to the seven goals this term with which he arrived. But Johnson is convinced he is ready to make his mark, and he told Sky Sports News: “It’s important someone gets the goals with Fletch missing because we haven’t scored that many or created many chances. When we get them, it’s important to put them away. I think Danny is a couple of games away from getting a good run.” He added: “Fletch has proved himself this season. Without his goals, we would be in a lot worse position. He’s going to be a big miss for us. “I think it’s important for the whole team to step up now and put the performances in we know we are capable of.” Misfortune struck for Fletcher on international duty when he was carried off the field on a stretcher just minutes into Scotland’s 2-1 World Cup qualifier defeat by Wales on Friday. But if his premature departure was a blow to international boss Gordon Strachan, it was a bigger setback for club counterpart Martin O’Neill, with his side battling to avoid being dragged into the fight for Premier League survival. Fletcher’s 11 goals for the club he joined for £12million from Wolves during the summer have proved invaluable, and his absence robs O’Neill of his most potent weapon just when he needs him most, with leaders Manchester United due on Wearside on Saturday and clashes with Chelsea and Everton to come either side of a derby trip to Newcastle. Johnson said: “It’s been so frustrating because we have got some really good players. We haven’t had the results and have struggled massively at times. “All the lads are really frustrated, but we have got to keep working hard and hopefully it will come.” center_img Press Associationlast_img read more

McIlroy in the mix

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first_imgRory McIlroy catapulted himself into contention at the Deutsche Bank Championship with a flawless seven-under 64 that leaves him just two shots off the lead. The in-form world number one was in sublime touch and seven birdies in his penultimate round carried him into a tie for third on 10 under overall, with American Russell Henley leading the way. Having won three of his last four tournaments, at the Open Championship, the WGC-Bridgestone Invitational and the US PGA Championship in recent weeks, McIlroy will now fancy his chances of adding to his haul on Monday in this second of four FedEx Cup play-off events. Speaking after his round, he said on Sky Sports 4: “I converted some more of the chances that I gave myself today. I was pretty frustrated coming off the golf course in the last couple of days because I felt like I left a lot of shots out there. “Even today, I felt like I might have left a couple out there, especially on the last. But I’m happy with how I converted those chances and I’m going to need to do the same tomorrow if I’m going to win.” McIlroy made an excellent start with birdies at two and three before driving a 132-yard approach to nine feet at the seventh, with a nerveless putt moving him to three under for his round. Two more excellent up and downs at the 13th and 15th left him with simple putts, while he was inches away from acing the 16th, consoling himself by tapping in for his seventh birdie of the day. He passed up a chance to close his round with a flourish after finding the rough with his approach on his final hole, but he saved managed to save par and now sits alongside American Chris Kirk and Australia’s Jason Day, who was on 12 under after a birdie at the 13th but back-to-back bogeys dropped him back. Henley tops the standings following a six-under round that contained seven birdies and just a solitary blemish at the par-four sixth. The 25-year-old is now finely placed, on 12 under for the tournament, to claim the third PGA Tour title of his career, and the second this year following his success at the Honda Classic in March, when McIlroy was among the runners-up. Billy Horschel is one shot adrift of his United States compatriot after finishing his round with three successive birdies to card a fine 67. Scotland’s Russell Knox is seven shots off the lead after failing to advance his five-under score for the tournament, Ian Poulter is three shots behind after matching Knox’s Sunday score, while fellow Englishman Luke Donald is on four-over after his second successive 74 in Boston. center_img Press Associationlast_img read more