Open Corp Developers Allowing for Unique Changes to Satisfy Buyers

Developer, Open Corp, have recently announced news in regards to their Evolve apartments in Chermside (Brisbane) they ways in which they have decided to market to their occupiers.

KEY TAKEAWAYS:

• Open Corp was open to the idea of “custom-made” apartments, inevitably to boost sale and increase buyer satisfaction.
• Open Corp has created ‘flexibility’ for buyers which is more than often unheard of in property development.

Open Corp has worked with family offices, sophisticated wholesale and retail investor that deliver averaging returns of 20% or more per annum over the last 10 years. Open Corp delivers a broad range of projects from commercial offices, townhouses, apartments and land subdivision.

OpenCorp knocked neighbouring apartments together, upgraded kitchens, added car parks, and changed floors and other decor options. “If you get in early enough, anything is possible,” Mr Lewison said.

The flexibility was appreciated by would-be buyers. “It was overwhelmingly well received by owner-occupiers,” he said.

OpenCorp was open to the changes to boost sales and buyer satisfaction. “We had this view that the buildings that we build are where they’re going to make memories,” said Mr Lewison.
CBRE Residential marketing executive Eric David worked on the DeMartini Fletcher project Enclave in Brisbane’s west, and said there was record interest in the 60-home development.
He believes that’s because the developer worked to build an accommodating project, but was also willing to work with new buyers to meet their needs post-sale.

“If you’re a buyer just stay away from those types of apartments,” she said. Negotiations can be hard and developers can’t usually add the most desirable features: a balcony or a view.

“Most of the buyers I speak to don’t want to buy off the plan for that reason,” Ms Walker said.

“A lot of people like the idea of moving to the city or those areas but there aren’t any options available to them because they don’t want to live in a shoebox.

Previous achievements and highlights from Open Corp:

• Projects usually have a short to medium term tenure (2-4 years).
• 4-5 new opportunities per annum.
• Investments range from $100k to $10m.
• Investment returns range from 9% p.a to 125% p.a.

Open Corp holds an Australian Financial Services License. With the company holding an AFSL which allows Open Corp to launch and manage investments for Retail and Wholesale Investors. The Company, are supported by a team of over 40 property specialists who collectively have been involved in over $7 billion worth of property transactions also including property acquisitions of more than 7,000 homes and investment properties.