Homecorp launches construction on $360m luxury tower in Surfers Paradise

Render of the $360m Lýon Residences. Construction has kicked off on a $360m tower in Surfers Paradise, as the suburb claims a third of all new Gold Coast apartment sales. Australian developer Homecorp is behind Lýon Residences, a 32-level project set to include 178 luxury two and three-bedroom apartments, each priced from $1.6m. Render of the $360m Lýon Residences. Homecorp CEO and founder Ron Bakir. Photo: Regi Varghese Set to bring one of the city’s most comprehensive residential wellness offerings Budds Beach, the project has attracted significant pre-launch interest ahead of its official market release in the coming months. It comes as Surfers Paradise recorded the highest number of off-the-plan apartment sales on the Gold Coast from April to June, according to the latest Urbis Gold Coast Essentials Apartment report. MORE NEWS: The $300 reno: Mum creates dream art studio Alarm as market tips highest rate in western world for Australia New $3.2m units overtake suburb’s median house price Render of the $360m Lýon Residences. The Gold Coast Central region, including Surfers Paradise, also outpaced its quarter one result despite broader market headwinds, with Surfers Paradise alone...