Construction set to commence on $550 million Nova City project
Construction is set to commence early next month on the long-awaited Nova City apartment complex in Cairns’ city centre.
Aspial Corporation, based in Singapore, has announced that the $550 million project will being construction will commence with a five-month foundation (piling) works program that is set to transform the company’s 24,000 sqm development site located along Spence Street.
The piling works are set to lay the foundations for the construction of the first tower at the site and will begin in early April, following the award of this tender to local company LDI Constructions.
For the lead construction contract, three companies are tendering with a decision on this tender expected in coming weeks with works expected to commence on the first tower (Nova Light) to begin after pilings are complete.
Zak Thaker, World Class Global’s sales director said the civil and foundation works contract awarded to civil works company LDI Construction was a significant milestone in the project’s timeline.
“For investors in Nova City and for the community in general, this is exciting news representing a giant step towards Nova Light’s completion currently on schedule for mid-2020,” he said.
“We have been buoyed by our buyers enthusiasm for the project which has generated continuous interest since its launch in 2016.
“Sales are tracking well with only five, one bedroom apartments remaining and limited two and three bedroom apartments overlooking the CBD skyline and out to the Coral Sea.”
The project is set for completion in mid-2020.
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Source: Cairns Post, Tropic Now.
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