To meet the demand for retirement villages in Brisbane’s southwest, developer Aura Holdings is moving forward with the construction of Kingsford Terrace Corinda’s fifth stage building, dubbed as ‘Lingrove.’
According to Aura Holdings, they received keen interest from retirees after launching its fourth-stage building ‘Francis’ that they decided to move forward on the construction of both buildings in June 2021.
Lingrove is one of six buildings planned for Kingsford Terrace Corinda, which will have a total of 250 independent living apartments. Stages 1 and 2 were completed in 2016 and 2018 whilst Stage 3 was completed in December 2020. The original plan was to develop the village in subsequent stages over the next two to three years.
Lingrove will offer 30 apartments in one-bedroom, two-bedroom with study, or three-bedroom options, whilst Francis will provide 18 two and three-bedroom apartments. The pet-friendly village offers residents facilities including a heated indoor pool, café, gym, hairdresser, a stunning cellar to store and enjoy wine, a billiards room, library, dining and functions room and consulting areas for allied health professionals.
Aura Holdings’ director Mark Taylor said since the start of 2021, the demand for independent-living apartments at Kingsford Terrace has been at a record high.
“In the past two months alone, we have sold 16 apartments – it seems everyone wants to retire to Kingsford Terrace! We believe this unprecedented demand is the result of the excellent reputation the village has established in the local area,” he said.
“So many of our buyers are word-of-mouth referrals from our happy residents. Our community of retirees has flourished and as their friends and family visit and experience the lifestyle too, word is out about Kingsford Terrace,’’ Mr Taylor added.
The construction of Francis and Lingrove buildings is expected to be completed by the second half of 2022, weather and construction conditions permitting. The apartments that remain for sale range from $590,000 to $980,000.