Kokoda Property Group’s Teneriffe Banks Achieves $285 Million in Its First-Day of Sales, Setting a New Record in Queensland

Award-winning luxury developer Kokoda Property Group’s flagship Brisbane development, Teneriffe Banks has achieved $285 million in sales from private appointments on its first day on market, representing the strongest single day of apartment sales in Queensland.

Over half of the residences have already been sold since Teneriffe Banks’ The Interloom and The Skyform buildings hit the market on October 30. The highly anticipated expressions of interest phase, which began in August, resulted in 5,000 registrations and 600 appointments secured on release day, booking out for three consecutive weeks.

The sales to date reflect the strong market confidence in Kokoda Property Group’s vision for Teneriffe Banks, and the overwhelming appeal and demand from discerning buyers seeking unparalleled lifestyle and luxury on the Brisbane River.

The $1.5-billion mixed-use global destination is set to redefine urban living in Brisbane, comprising five unique buildings; The Interloom, The Ferry Building, The Store Houses, The Skyform and Brisbane’s first 5-star luxury Kimpton Hotel.

Design-led by Kokoda Property, and in collaboration with Studio McCue, Cottee Parker Architects and Carr, Teneriffe Banks offers over 200 residences ranging from luxury apartments to modern penthouse residences and grand, woolstore inspired lofts, Teneriffe Banks is poised to become Brisbane’s premier riverfront address.

Kokoda Property Founder and Managing Director, Mark Stevens, said he is humbled by the overwhelming response to Teneriffe Banks.

“We are proud to set a new benchmark in Brisbane. The sales and level of interest in such a short period reinforces our belief that Teneriffe is ready for a development of this scale and sophistication, and speaks to the city’s growing demand for luxury and innovation in urban living.

“We are excited to bring our collective vision to life, creating a global destination for people to live, work, play and rejuvenate,” said Mark.

The Interloom building is a sculptural blend of modern living and natural beauty, showcasing subtropical modernism through an innovative use of materials and design. Located on the Brisbane River, The Interloom connects the urban landscape with the waterfront, featuring up to 404 sqm luxury residences with soaring 3.8 metre ceilings and panoramic views.

Perched above the soon-to-be-released Store House Lofts, The Skyform building effortlessly enhances Brisbane’s skyline, embodying the essence of waterfront living by seamlessly bridging the ground and sky. The spacious homes offer up to 334 sqm of luxury living with 4 metre ceilings and panoramic views of the Brisbane River and city skyline. With expansive glazing that mirrors the skyscape, complemented by warm materials and vertical greenery, The Skyform presents a vibrant reinterpretation of contemporary living, envisioning the future of urban life in Brisbane.

Residents of Teneriffe Banks will enjoy resort-style amenities, with each building including private dining rooms, personal wellness spaces, mineral baths, infinity pools, and exclusive access to the Canopy Club, one of the largest private members’ clubs in Queensland.

To meet demand, the remaining collections are set to hit the market soon, with The Ferry Building to be released next week.

The Ferry Building artfully merges Teneriffe’s historic woolstores with contemporary apartment design, creating a unique blend of heritage and modernity. Its smaller scale presence allows it to complement the surrounding architecture while providing residents with a stylish, functional living space that respects the area’s rich history. Each Ferry Building home incorporates a large, private courtyard as an extension of the living space, with higher floors offering generous 3.8m ceilings and vast terraces to entertain from.

Please visit www.teneriffebanks.com.au to register your interest and book an appointment.