Price cut on developer release in Glenelg

Posted on 13/10/2008  

Urban Construct’s latest release, the $110 million Latitude complex, will offer apartments up to 25% cheaper than its last Glenelg project. The developer denies a market glut has caused the reduction, saying the apartments are not beachfront and a lower site price has been passed on to buyers. The complex offers 171 units starting from the low $300,000s up to $1 million-plus penthouses. With 1,500 expressions of interest in the project, buyers will pay $2,000 each to take part in a ballot.

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