Carey Real Estate (Sabah) Sdn Bhd will be showcasing 2 projects from Melbourne, Australia this weekend; 26 & 27 May at PH Property Gallery here in Imago Shopping Mall, Kota Kinabalu. Its project director Mr Damien Ooi will be hosting a project presentation seminar at 12pm and 3pm on both days.

Melbourne, a city that bagged the title of "The World's Most Liveable City” 7 years in a row requires no further introduction. According to Development Victoria, a body set up by the local government to prepare and oversee the state's sustainable growth into the future, Melbourne is set to become Australia's biggest city by 2030 and Victoria's population is expected to hit 10 million by 2050. The 2 projects showcased during this weekend are The Docklands Residences and Normanby.

The Docklands Residences The Docklands commands an ideal position within Melbourne's vibrant waterfront. Conveniently located above the entertainment and retail precinct, the Docklands district is within easy reach of the CBD via the city's free tram network and other means of public transport.

Within the same building of The Docklands Residences houses the first purpose-built Marriott hotel in Australia in more than 20 years. Designed by award-winning DKO Architecture, Marriott hotel will be a part of the mixed-use development which includes The Docklands Residences, restaurants, a rooftop infinity pool and bar, executive facilities and state of the art function spaces. All units come fully fitted with high-end Gaggenau appliances and a built-in wine fridge in selected units. A 1 bed 1 bath unit here starts from AUD$640,000.

Normanby From the same developer and architect comes an electrifying new project - The Normanby. Located on Fishermans Bend, the latest and largest urban renewal precinct, Normanby is only 900m from Melbourne City Centre.

Within the same precinct, a new large-scale campus for The University of Melbourne and South Melbourne Primary School will both be a short distance away from the project. It is also within a short walking distance to South Wharf Precinct, Crown Casino, South Melbourne Market and a tram station near your doorstep.

All units come fully fitted, with car park for selected larger units. Price for a 1 bed 1 bath apartment starts at AUD$451,000.

Financing Buyers and investors will be pleased to know that Malaysian banks can now finance selected Australian properties up to 70%. During the event this weekend, bankers will be on site to provide advice on financing option and planning.

Things to Note The State of Victoria no longer offers special concession rate for stamp duty on house purchase. As such, buyers are expected to pay a 5.5% stamp duty and an additional foreigner levy of 7%. On top of that, there is also a Foreign Consent Application Fee which is paid to the Foreign Investor Review Board. Buyers are advised to check with their agents for detail of the cost of purchase. The Melbourne properties will only be showcased over this weekend at PH Property Gallery on 2nd Floor Imago Shopping Mall, Kota Kinabalu. For further information, please contact Carey Real Estate at 016 343 6666.