Surfers Paradise, September 2026 — International developer SPG Land has confirmed $100 million in sales for Paradiso Place, marking a significant milestone for one of the Gold Coast’s largest mixed-use masterplanned developments currently under construction in the North Surfers precinct.
The $1.5 billion triple-tower development is underway on a full-block site spanning 1.15 hectares from Surfers Paradise Boulevard through to Ferny Avenue, with the scale of construction activity drawing strong buyer interest to the transformational project.
Paradiso Place will deliver hundreds of residences across three towers, complemented by a retail and lifestyle precinct designed to reshape the Gold Coast’s residential development expectations. The first tower is expected to reach completion by late 2029.
The resort-style podium pool forms a centrepiece of the development’s extensive wellness and leisure offering, surrounded by tropical landscaping and spaces designed for relaxation and social connection.
Paradiso Place Development Attracts Diverse Buyer Base
According to SPG Land Sales Director Brad McMahon, the project has attracted a new wave of buyers drawn to the certainty of construction progress and the developer’s established global track record in delivering major developments.
The sales performance reflects strong demand across multiple buyer segments, with local downsizers, Brisbane investors, and interstate purchasers all contributing to the $100 million milestone.
“We are seeing a convergence of local downsizers seeking a vibrant village lifestyle, alongside interstate buyers who want the ultimate lock-and-leave coastal home.”
Mr McMahon said local downsizers have emerged as some of the project’s strongest buyers, drawn to the integrated village concept rather than simply smaller accommodation.
“What’s stood out to us is just how many of these downsizers are local – people who’ve lived in the region for twenty, thirty years and aren’t looking to leave the area, just to live in it differently. It’s reinforced the concept we designed around from the outset: giving long-term locals a way to stay in the area they love, without compromising on lifestyle”
The trend of local downsizer demand has reinforced the project’s design direction, providing a space where residents can live, work, dine, socialise and unwind within an integrated beachside environment just 100 metres from the beach.
Construction Progress Drives Investment Confidence
SPG Land Marketing Director Stephen Wang said the combination of on-site construction activity and the developer’s in-house construction capability through SPG Built has provided buyers with tangible evidence of project delivery.
Brisbane-based investors have been attracted to the long-term value opportunity and scarcity of a development of this scale currently under construction, complemented by the Gold Coast’s investment fundamentals including rental returns and low vacancy rates.
“Buyers are drawn to more than just the address – it’s the combination of an unmatched lifestyle precinct and the certainty of seeing construction progress on-site. With SPG Built delivering the build, that confidence is well placed. Being just steps from Surfers Paradise Beach, with easy access to Budds Beach, Macintosh Island, Main Beach, The Spit and the Southport Seaway, this location offers a lifestyle that’s genuinely hard to match”
Interstate investors have also emerged as a major buyer group, drawn by investment fundamentals and the appeal of a low-maintenance property in Australia’s premium lifestyle market.
Many interstate purchasers are seeking properties they can acquire with confidence without compromising on lifestyle, whether as long-term investments, future retirement bases, or properties to occupy for varying periods throughout the year.
The Level 16 residents’ lounge combines sophisticated interior design with expansive ocean views, creating a refined space for entertaining, relaxing and enjoying the coastal lifestyle.
Triple-Tower Masterplanned Project Transforms North Surfers
The Paradiso Place development represents a significant intervention in the North Surfers precinct, with the 1.15-hectare full-block site enabling a comprehensively planned mixed-use project combining residential, retail and lifestyle components.
The development is designed by architectural practices Rothelowman and Studio Carter, with planning services provided by Urbis. The design team has shaped the vision for the ambitious three-tower masterplanned precinct, combining contemporary residential architecture with wellness, retail and dining offerings.
The resort-style development offers residents a 5-star amenity package including wellness facilities and a retail and dining precinct located 100 metres from the beach.
Apartment prices at Paradiso Place start from $905,000, with the first tower scheduled for completion by late 2029.
Paradiso Place’s vibrant retail arcade is designed to create a pedestrian-friendly village atmosphere, blending dining, retail and landscaped spaces at the heart of the masterplanned precinct.
The project’s scale and mixed-use configuration position it as one of the Gold Coast’s most substantial current residential developments, with the integrated retail and lifestyle precinct designed to create a self-contained village environment within the broader North Surfers transformation.
SPG Land’s delivery of the project through its in-house construction arm SPG Built provides vertical integration across the development and construction phases, with the $100 million sales milestone achieved while construction activity continues on site.
Read the original article on Australian Development Review.
