The latest Australian luxury development to be marketed to Singaporean overseas buyers and investors has been revealed by real estate firm Knight Frank.
Royal Como in Melbourne is the first Australian project by renowned international developer C&L International Holdings. The development is located in the heart of the South Yarra are at 663 Chapel Street.
The residential 21-levels will consist of 112 spacious one-, two- and three-bedroom apartments, as well as a stately four-bedroom penthouse over an impressive 418 sqm – 326 sqm internal and 92 sqm external.
The façade will feature reflective silver glass combined with an angled motif, which provides the building with a sense of movement, inspired by the ripples and colour of the water at dusk on the iconic Yarra River.
John Scaramuzzino, Corporate Director at Bruce Henderson Architects said: “Royal Como represents a harmonious synthesis of architecture and interior design. Through the establishment of a singular and cohesive vision we have realized a design outcome which is consistent, compelling and of the highest standard.”
Lucy Marczyk, Interior Designer of Nexus Designs, added: “Our design aimed to create simple and sophisticated interiors with a strong sense of place. Royal Como captures the essence of the modern Australian lifestyle. We wanted to celebrate Australian design though unique and inimitable colour schemes, materials, fittings and design. The apartments have an art-gallery feel to highlight and showcase the inhabitant’s precious and cherished art collections and objects. This is expressed in gallery style track lighting in the ceiling, which has great flexibility to up-light, down-light and spot light.”
Echo He, Director of C&L International Holdings, concluded: “One of our aims for the project was to create a sense of place for Australian design, like that of New York and Europe. We were also very keen to support Australian designers, brands and suppliers.”
Linda Chern, Director of International Project Marketing, Knight Frank Singapore, said:“With the monthly rent for South Yarra units up 18 percent, and capital and growth up 20.23 percent over the last five years, versus 15.22 percent for Melbourne metropolitan areas.
“Royal Como promises to be an exceedingly attractive proposition, not only for owner occupiers looking for luxury and ease of lifestyle, but also for savvy investors looking for strong returns as the average yield for South Yarra apartments is 4.37 percent.”
The Singapore property exhibition for Royal Como will take place on Saturday, March 28, and Sunday, March 29, at Four Seasons Hotel, Windows West Room, 20th Floor, between 11am and 7pm.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
