The supply of apartments in Perth’s western suburbs will increase rapidly this year, with TRG Properties, Georgiou Living and Blackburne Property Group set to launch new projects during the next three months.
Luxury apartment projects have been a risky business in Perth and not many developers are willing to venture there; but there are a few exceptions.
Development activity in the Perth apartment market has risen to its highest level since the GFC, with national players getting more active in WA.
AFG Property is set to proceed with construction of its $87 million Richmond Quarter apartment development in East Fremantle after appointing Pindan this week as the builder.
© Business News 2018. You may share content using the tools provided but do not copy and redistribute.