The three-storey project, known as Paramount Apartments, will be located on the corner of Beeliar Drive and Spearwood Avenue.
Construction is expected to begin later this month.
There are three apartments remaining for sale in the first two stages of the development, with the third stage of sales expected to begin within a fortnight.
“Beeliar has enjoyed strong growth in recent years, and many buyers are seeking high quality apartment accommodation,” he said.
“We look forward to working with Terranovis to bring Paramount Apartments to life and add this outstanding contract to our portfolio of distinguished apartment projects, including Richmond Quarter in East Fremantle and North One and Viridian China Green in Subiaco, which are currently under construction.”