Fortitude Valley "Utopia" is 50 Per Cent Sold

The $180 million Utopia tower in Fortitude Valley, launched to the market in late September, is more than 50 per cent sold.

Developers Sandt Developments said buyers had already snapped up 153 apartments in the 25 story project at 275 Wickham Street Street.

Sales manager Jeanette Jensen said the strong sales reflected the apartments' location and innovative features.

“The location is a strong selling point but Utopia is really set apart by its unique façade and apartment features,” she said.

“It is visually striking and has forward thinking features such as enclosable balconies and nano-coated glass technology which will reduce UV rays in apartments by 99 per cent.

“Buyers see the real value-add in this as it will provide necessary sun protection and will also reduce energy costs due to thermal insulation.”

Sandt Developments development manager Bill Wang said significant thought had gone into the design of common area spaces to create a sought after lifestyle address.

“With a recreation deck featuring an infinity pool, steam room, gym, sauna and reading room, Utopia offers relaxation befitting of its name,” he said.

“The rooftop garden offers a more social atmosphere with an open-air cinema, yoga lawn, open air kitchen, barbecue area, extensive planting and an alfresco dining area.”

Utopia is the first in a number of Brisbane projects by Sandt developments, headed by Bill Wang and backed by a consortium of foreign investors.

Utopia will comprise 300 high-end apartments and will commence construction in the coming months.

Utopia’s one-bedroom apartments are priced from $399,000 while the two-bedroom configurations are priced from $580,000.