MALAYSIAN developer JSK Properties has awarded Watpac with a $47 million contract to deliver the slender Union Tower apartments development in Melbourne’s CBD.
Located on Little Lonsdale St, the new 35-storey development will offer 165 apartments. The project also features a six-storey podium that will provide amenities including shared and private work spaces, gymnasium, bike storeroom, common workshop facilities and a retail precinct – on a confined 400 sqm site.
The development is JSK Properties’ first Australian development.
“We are extremely pleased to be building this high quality residential tower for JSK Properties in a prominent part of Melbourne and look forward to a strong working relationship with our newest client,” Watpac managing director, Martin Monro said.
JSK managing director, Johnny Wong, said to-date, 98% of Union Tower units have been sold.
“Over the years, satisfied customers, investors, many of them being repeat purchasers of our properties have time and again, continued to acquire our properties which have been built upon our bedrock mission and vision – to produce and deliver properties that are value for money with current and practical lifestyle designs,” Wong said.
Completion of Union Tower is scheduled for September 2018.
Australian Property Journal
