Cabana proves a big hit

The development has made a red-hot debut, selling more than 65 per cent of its stock.

The absolute beachfront development Cabana Palm Beach has totted up $52 million in sales in less than two weeks. Since its launch on December 26, 23 of the project's 34 apartments, starting at $1.99m, sold to local, Brisbane and interstate buyers.

Andrew Erwin of NPA Projects, who is marketing Cabana, says it is one of the most successful project debuts the Gold Coast has seen in recent years.

"The buyer interest is phenomenal but not unexpected. We had 60 groups through our on-site display on Boxing Day, when the project was officially launched, and we have been busy ever since," Mr Erwin said.

The building is situated metres from the sand dunes, with its three-bedroom residences all featuring an open plan living area and balcony taking in the coastal views.

Developed by Ignite Projects, which is also behind The Monaco Main Beach – the first building in the southern hemisphere to have a car lift with direct entry to a private sky garage – managing director Josh Foote said he anticipated Cabana would sell out in the coming weeks.