Karam respond to changing homebuyers

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KARAM Group has applied to crunch down the number of units in its $96 million Maasra Apartments project in inner Brisbane’s Coorparoo, catering to buyer demand for larger apartments.

Designed by Brisbane firm HAL Architects, the eight-floor building will now feature 34 three-bedroom and 20 four-bedroom apartments within the total 102 apartments, as well as ground floor retail space and office space level one, and a secure 328-space car park.

Maasra’s two, three and four-bedroom apartments are available in a variety of floor plans and are priced from $435,000 to $1.7 million.

Construction will begin in the first half of this year on the site at the corner of St Leonards Street and Holdsworth Street.

Karam Group managing director, Anthony Karam said its sales team had been fielding a large number of inquiries from owner occupiers wanting more bedrooms, larger living areas and enough space to comfortably entertain friends, as well as generous parking facilities.

“We will deliver Maasra as it appears on the artist impressions, but on the inside more prime owner-occupier apartments with exceptional amenities.

“There was an opportunity prior to construction to combine a number of smaller units into large house-sized apartments and we felt it was the right step for Maasra, considering market demand.”

Coorparoo was recently named the second most livable Brisbane suburb by PricewaterhouseCoopers’ CityPulse SEQ report.

“Coorparoo has always been a leafy urban village just minutes from the city centre with all the conveniences and infrastructure within a thriving community,” Maasra said.

Australian Property Journal

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