$1.5b Paradiso Place hits the market, offering exceptional value for prospective purchasers

International development powerhouse SPG Land will release apartments starting from $825,000 and highly sought-after 2-bedroom apartments from $1,240,000, as it looks to drive sales in one of the city’s latest mega developments.

With two-bedroom residences starting from $1.24 million, the prices in the now under-construction Paradiso Place are approximately $400,000 below the weighted average, according to research from Urbis.

The announcement comes as new data from Urbis highlights the rapid escalation of apartment prices across the Gold Coast.

According to the research, the market closed 2025 with a weighted average sale price for off-the-plan two-bedroom two-bathroom apartments at $1.7 million, while the Southern Beaches Precinct reached $3.855 million, marking a peak for the region.

Urbis reported that throughout 2025, the quarterly average prices for two-bedroom two-bathroom apartments ranged from $1.2 million to $1.7 million during Q4.

Against this backdrop of record pricing, SPG Land has leveraged the scale of Paradiso Place to deliver a more accessible entry point into luxury living without compromising on quality, design or lifestyle, with one-bedroom apartments that start from $825000.

Paradiso Place is preparing to move into its formal sales campaign, with a limited early-release window now open to buyers ahead of the public launch.

Spanning a full city block (1.15 hectares) in Surfers Paradise, Paradiso Place will deliver 845 luxury residences across three towers rising 41, 40 and 44 levels, alongside a vibrant retail precinct with 2,840 square metres of leasable space.

“Paradiso Place represents a rare opportunity in today’s market, offering premium apartments at a price point that is significantly more competitive than anything else currently available,” said Brad McMahon, Sales Director at SPG Land.

“When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.”

“The scale of this project and the developer builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle.”

Each of the three towers will feature its own podium level, connected by an interconnected skybridge network to create a unique elevated “beachside village” for residents - blending privacy, community and resort-style living.

Residents will enjoy access to five-star hotel-style amenities, including private dining, lounge and entertainment spaces, ensuring that the project’s price advantage does not come at the expense of lifestyle.

Designed by Rothelowman, the residences feature contemporary architecture, premium finishes and expansive layouts, with most apartments offering ocean views.

Mr McMahon said the pricing strategy reflects a deliberate response to these evolving market conditions.

“What Paradiso Place offers is a unique balance - genuine value within a premium market,” Mr McMahon said.

“Buyers are not compromising on quality, design or amenity; they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs.”

Located just 100 metres from the beach and within close proximity to the Surfers Paradise North light rail station, Paradiso Place sits at the centre of one of the Gold Coast’s most desirable lifestyle destinations.

Construction at Paradiso Place continues to progress steadily, with eight of the project’s 112 foundation piles now successfully completed. Excavation has also commenced on the first diaphragm wall panel, with concrete poured on 15 June 2026, marking a key milestone in the early works phase.

As construction progresses, Paradiso Place is expected to attract strong interest from both owner-occupiers and investors seeking long-term value in a market defined by rising prices, strong demand and limited supply of new stock.