Developer almosts recoups purchase costs with just two $7m sales

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:10Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:10 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), 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.Close Modal DialogThis 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 Rate1xFullscreenDream homes for city dwellers01:11The final penthouse at The Oxlade has sold for $7 million – less than three years after the developer behind the project snapped up four vacant lots for $17.35 million. A render of the penthouse at The Oxlade. Supplied.It was bought by a local buyer, with the luxury development by the Seymour Group expected to be completed by the end of 2021.MORE NEWS: Developer Kevin Seymour (centre) with grandsons Trent Seymour and Ben Seymour at the site of their new display suite for ‘The Oxlade’ on Oxlade Drive, New Farm, Sunday, May 12, 2019 (AAP Image/Richard Walker)A second penthouse, sold previously, is also believed to have achieved the same price, and only “a few two and three bedders”, all with river views, remain available for purchase.The cheapest apartment within the development sold for $1.4 million. The Oxlade at New Farm. Photos: SuppliedPlace Bulimba marketing agent Sarah Hackett said the majority of buyers at The Oxlade had been keen to customise their own luxury apartment, with some even amalgamating two units.It means the original plans for 39 units have now been scaled down to 31 units.“We’ve had a huge level of enquiry to amalgamate the two-bedroom apartments intofour-bedroom apartments, where the buyer is willing to pay double, giving them 16-metre frontage with sweeping city views,” Mrs Hackett said. The Oxlade in New Farm, Brisbane; Kitchen Living Courtyard render: 39 ultra-luxury residences; Architect: Bureau^Proberts. Agent Sarah Hackett. Picture: SuppliedThe amalgamation means the luxury apartments have four bedrooms, three bathroomsand four side-by-side car spaces.Mrs Hackett the recent sales of both penthouses within The Oxlade had “set a new benchmark for New Farm penthouse living”. The Oxlade features 6-star hotel facilities, a concierge, a roof-top infinity edge pool and a 14-seat cellar with a chef’s kitchen attached for dinner parties.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago The Oxlade in New Farm. Picture: SuppliedSeymour Group’s Kevin Seymour, a Queensland richlister, said they had wanted to create something “unique”, and allow buyers to customise their dream residence.“We are developing something truly special with The Oxlade, somewhere residents canbe proud of and have the chance to immerse themselves in all we have to offer,” he said. Earlier this year, the Seymour family snapped up another prized parcel in New Farm at 39 Griffith St. The Oxlade at New Farm. Photos: SuppliedIt sold under the hammer to Ben Seymour, Kevin Seymour’s nephew, for $7.75 million in March, equalling the city’s highest ever residential auction price set at St Lucia in 2009.That was until Mrs Hackett sold 95-99 McConnell St at Bulimba for $8.4 million last month.The Seymour Group are also expected to develop the Griffith Street site, with Kevin Seymour telling the Courier Mail in June that the market was “hungry for luxury”.last_img read more

Sports Issues

first_img2014 Commonwealth Games: the value will be the sameI, Afi, may be described as a prophet of doom or an unpatriotic citizen of Ghana in my quest to be frank and sincere with my motherland. I dare say the 2014 Commonwealth Games in Glasgow, Scotland, at which Ghana will definitely participate, will be no different from previous ones when it comes to performance and winning of medals. Infact – the value will be the same! Infact, we may not win more than five medals or nothing at all because we have over the years, not made any frantic efforts at winning any medal when it comes to preparation of athletes for the competition. For countries which have won medals, it has not been just a matter of days, but years of preparation and I don’t know whether mother Ghana has embarked on any such preparations to merit a medal at the Games. Why am I saying so? For the whole of 2013, not a single pesewa had gone to any of the Associations to organize local competitions or participate in international events, whilst other countries prepare their athletes for a period of four years. All the associations that have organized local competitions and participated in international events have done so at the benevolence of their chairmen or presidents or other philanthropists or corporate organizations, whilst those who have not been able to organize anything are the unfortunate orphans. With this, how does government or the nation expect any medal from any of the athletes going for the Commonwealth Games? For those, who may care to know, it is not possible to win medals at international games with just one or two competitions as preparations. Athletes who have won medals at international competitions such as the Commonwealth Games have before the games, competed in several competitions to improve their timing, fitness level and competitiveness. What about the case of Ghana? we have limited competitions for almost every event, and yet, we want to win medals at the Commonwealth Games as hoped by the Minister of Youth and Sports during the inauguration of a 25-member committee to plan Ghana’s participation. A little research conducted by advanced countries show that, athletes who win medals at the Olympic Games and other international events are prepared over a period of four years with special attention given to training schedules, dieting, personal management and all. It is based on this that I find no justification in the expectation of the Ghana Olympic Committee (GOC), the National Sports Authority (NSA) and the Ministry of Youth and Sports (MOYS) that we win more medals at the games. I know deep down the hearts of the GOC and NSA that, they are aware we may be coming home either empty-handed or with very minimal number of medals. So if the Ministry of Youth and Sports and the National Sports Authority (NSA) think Ghana can make any significant impact at the games, then it is definitely a mirage. Ghana is not in a position to make a major breakthrough at the Games because we did not, and have not prepared for the event. I have taken great pain to study the medal trend of Ghana at the Commonwealth Games and it is obvious we may be heading for the worse competition ever.From the records, Ghana’s best performance at the games had been 1962, 1966 and 1974 where we ended the competition with a total of nine medals each, then 1970, where we had seven medals. These modest successes could be attributed to the fact that, they were the golden moments in Ghana Sports, but on the contrary, we have seen a constant decline since 1978, with five medals as the best so far. In our last participation, which was Delhi 2010, we only managed four medals, with the disabled team contributing two out of the four. What is even more disheartening is that, our disabled athletes have since the Paralympic Games in London, become training horses without competition, and so how would they be in a competitive state to deliver? Our mainstream athletes have been engaging in some competitions but for obvious reasons,may not be enough to put them in the right frame for medals. I am not ruling Ghana out of the competition but I strongly believe our impact will be insignificant. Yes we may win some few medals in Athletics, Weightlifting and Disability Sports, but it will be the same story of; “what happened?” “What did we do wrong?” After which we shall go to bed for another four years. I urge Ghanaians to manage their expectations. We have to accept the fact that, we are going as a commonwealth nation and next, for political reasons, other than participating to win medals. I rest my case!  Afi Xorlali will be back next week!last_img read more