Construction of a new $60 million apartment development in Kiama is due to begin in December.
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'Ridgewaters Kiama', located at 2 Surfleet Place, Kiama is designed as a low-rise, two-storey apartment complex consisting of four buildings.
More than 100 expressions of interest have reportedly been registered for the new 60-apartment Ridgewaters Kiama development, ahead of an official off-the-plan sales launch by St Trinity Property Group next month.
St Trinity Property Group is the developer and project marketer for Ridgewaters Kiama.
It's not the group's first venture into Kiama, having also completed the 'Bathers Kiama' development.
Current projects include 'Crown Wollongong' and 'The Vantage' in Gladstone Avenue, Wollongong.
According to the developers, EOIs registered for Ridgewaters Kiama have been coming from parties in the Illawarra, Sutherland Shire, Sydney and Canberra markets.
Construction is due to begin in December 2020, with completion expected by March 2022.
Pricing is not finalised yet, however St Trinity has received "significant interest" around the $900,000 to $1 million mark.
Ridgewaters Kiama will include three-bedroom apartments, some with media spaces, designed to cater to the demand for flexible sea-change, owner-occupier residences accommodating a range of changing needs.
It will offer escarpment and water views.
"EOIs received confirmed potential buyers are a mix of professional couples hoping to continue working from home and needing flexible spaces, and downsizers, or empty nesters, seeking luxury finishes, low maintenance living and larger spaces," St Trinity Property Group managing director Nicholas El-Khoury told the Mercury.
"All of them recognise seaside havens such as Kiama as offering both the convenience of being close to major metropolitan areas and facilities with the desirable lifestyle of smaller coastal communities."
Other features include floor to ceiling glass doors designed to maximise natural light and offer access to spacious glass-framed balconies.
Oak timber flooring throughout living spaces is employed for a luxe finish.
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