Development profile / Gold Coast / Apartments

Palmera Residences

An apartment development in Surfers Paradise by Central Equity, currently under construction.

Location: Surfers Paradise, Gold Coast
Residence: 3–4 bedrooms
Status: Under Construction

Before you decide

What is worth verifying before you buy.

This profile is built from public sources: council development-application records, the developer's own disclosures and, where available, the project's official website. Council records describe the approved use as: MATERIAL CHANGE OF USE CODE MCU2700851 PN70891/01/DA2 DISPLAY HOME - 18 Garfield Terrace, SURFERS PARADISE QLD 4217. Additional detail on record — views: Ocean; amenities: Pool, gym, yoga studio, sauna; expected completion: Estimated Completion: Not confirmed. Building Height: 178 metres. Floors: 52.. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Central Equity's track record: 85+ projects; past projects include Monarch, Parkhill, FOCUS MELBOURNE, PARKBROOK. Confirm current financial standing before committing.

Review council DA MCU/2007/2700851 (Approved) and any conditions of consent.

Compare the $2,950,000 starting price against recent comparable sales in Surfers Paradise.

Verified project data

Development details on record.

Address: 18 Garfield Terrace, Surfers Paradise QLD 4217
Developer: Central Equity
Builder: Multiplex
Construction stage: Under Construction
Expected completion: Estimated Completion: Not confirmed. Building Height: 178 metres. Floors: 52.
Council DA status: Approved (MCU/2007/2700851)
Apartment types: 3BR: Unknown sqm, 4BR: Unknown sqm
Floor plan sizes: 3BR: Unknown sqm, 4BR: Unknown sqm
Parking / garage: Separate strata car space (2 car)
Starting price: From $2,950,000
Number of residences: 347
Views: Ocean
Key amenities: Pool, gym, yoga studio, sauna
Buyer incentives: None disclosed
Developer founded: 1987
Developer head office: Southbank, VIC
Developer market segment: Mid-market / Premium

Central Equity's notable past projects: Monarch (Deanside); Parkhill (West Melbourne); Focus Melbourne (Southbank); Parkbrook (Wyndham Vale)

Developer reputation (public sources): Allegations of lift issues and questionable building practices (Birdeye, Reddit, Skyscrapercity - specific URLs not directly verifiable or accessible) Source ↗︎

Visit the official project website ↗︎

Selling agent: BEN – 0407 646 803, GEORGIA – 0433 952 422

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Price and value assessment

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Contract, negotiation and next steps

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