SETTLEMENT SNAPSHOT
VALUATIONS
Anticipated to begin shortly, end March!
PURCHASER INSPECTIONS
Anticipated to begin at the end March
OCCUPANCY CERTIFICATE
To be issued
TITLES
To be issued
CALL FOR SETTLEMENT
Anticipated for Q1 2022
LATEST SETTLEMENT UPDATES
MARCH 16 2022 | THE STAR RESIDENCES UPDATE
We are now in the final stages of both apartment and building completion and close to announcing commencement dates for bank valuations, which are still anticipated for end of this month.
Despite the recent extreme weather events, we are pleased to announce there was no flooding at the Star Gold Coast nor any damage in The Star Residences building or apartments.
Again, we will announce bank valuation commencement dates as soon as we are able. These will be followed closely by purchaser pre settlement inspection dates. Please continue to push bank applications through in the meantime. Your bank applications, if obtaining finance, must be under way by now in order to settle on time.
Construction Update
Below, in Construction Photos, are some updated photos showing fit out detail of the pool area, with the wonderful completed, hand painted mural from local artist Loretta Lizzio, and associated recreational areas.
You can learn more about Lizzio and her inspiration for the beautiful artwork here.
FEBRUARY 2022 | THE STAR RESIDENCES UPDATE
Works have been going very well at The Star Residences and most components of the building are in the final stages of completion.
Valuation Inspections
Valuation inspections will commence in March 2022 to allow for finishing touches to be completed in the Recreational Deck area (pool, spa, sauna, BBQ area and more), to showcase to valuers the impressive amenities that The Star Residences has to offer residents and tenants. In the meantime, continue to push your finance applications through to ensure on time settlements.
Purchaser Pre-settlement Inspections
Purchaser pre-settlement inspections will commence in March too. Look out for emails closer to this time with dates and times for inspections.
Construction Update
Updated photos can be viewed in Construction Photos below, showing building completion and some great shots of the pool and surrounding area.
Strength in Gold Coast Property Market
The Gold Coast property market goes from strength to strength with demand from both local and international buyers. Read the following story for further insight.
https://www.realestate.com.au/news/kiwis-drive-spike-in-demand-for-coast-property/
WHAT'S ON AT THE STAR
RESPECT – THE ARETHA FRANKLIN STORY
The electrifying show RESPECT journeys through Aretha Franklin’s courageous life of love, tragedy and triumph, while showcasing her greatest hits over the last 50 years!
When: Saturday 26 February
Tickets: $78.75
https://www.star.com.au/goldcoast/whats-on/entertainment/the-aretha-franklin-story
ROSÉ YOUR WAY
When: From 2pm every Saturday and Sunday
Price: $69 | $79.35 Public Holiday Price
Grab your passport and get ready to Rosé Your Way around The Star Gold Coast. Raise a glass (or four) this summer as a combination of iconic venues are joining together to offer guests the perfect rosé soiree.
The Star invites you to enjoy a delicious glass of rosé paired with an irresistible snack as you make your way around the venues in your own time and order.
If you’d like to live moments away from some of the Gold Coast’s best bars and restaurants, register via the link in our bio.
DECEMBER | THE STAR RESIDENCES HOLIDAY EDITION
Welcome to the December, and final, edition of The Star Residences blog for 2021
Construction Update
We finish off the year applauding the tremendous construction progress of The Star Residences. The apartments are therefore on track to complete and settle the development in early 2022. This means, if you haven’t already commenced your finance application, should you be obtaining finance to settle your apartment, you must do so immediately. Delaying this start means you run the risk of not settling on time, and the developer reserves its right to impose penalty interest on late settlements.
(See below for wonderful time lapse videos of the construction progress.)
Bank Valuation Inspections
We will announce the commencement of bank valuation inspections in January so please look out for this all-important email from Property Settlement Solutions. These inspections are for your banks’ valuers only; you will get your opportunity to inspect your apartment shortly thereafter and before settlement.
If you still require finance assistance, please contact:
BC Invest
Charles Lim
Australia Office
Phone: +61 431 886 033
WhatsApp: +61 431 886 033
WeChat: CL-BCInvest
Email: salessupport@bcinvest.co
China Office
Toll free: 400 880 8271
Direct Line: 010-83226619
WeChat: +86 1370 132 2275
Email: salessupport@bcinvest.co
NEW OPENINGS AT THE STAR
Dorsett Hotel
The Star Gold Coast has welcomed Australia’s first Dorsett hotel to the Gold Coast on the day of a special milestone. Construction of the Hotel, located within the tower and under the residential apartments, reached practical completion, with its doors opened on Boxing Day 2021.
Dorsett Gold Coast General Manager Michael Foster said, “Today (marks an exciting milestone as we move a step closer to welcoming guests, as) we announce that the Dorsett Gold Coast will officially open on Boxing Day. Here on the Coast, we’re thrilled to be the very first Dorsett Hotel in Australia and offer a new, young, vibrant brand to our city”. Dorsett Hospitality International already has a total of 55 properties in 25 major cities across the world and has identified the Gold Coast as the perfect location for its first Australian hotel.
Located within the Star Gold Coast’s world-class entertainment and leisure precinct, the Dorsett Gold Coast’s guests can experience world-class bars and restaurants, a theatre and conference and entertainment facilities.
Mark Hodge, General Manager Hotels & Residences at The Star Entertainment Group said “The Star is delighted to welcome Dorsett to the Gold Coast and are very excited that world recognised brand Dorsett has chosen the Gold Coast and us here at The Star GoldCoast to launch its first hotel in Australia.”
“We are looking confidently ahead to a long-awaited return to normal operations and will be working closely with Dorsett, as they get ready to welcome first guests to the hotel” says Mark.
Destination Gold Coast Consortium Project Director Jaime Cali said “Dorsett Gold Coast is located in the soon to be completed 53 storey hotel and apartment tower and construction has created 1,500 jobs, and we look forward to continuing to be a major employer on the Gold Coast when we open.”
Dorsett’s bold expansion will continue in the coming months and years with new-build Dorsett Hotels in Brisbane, Melbourne and Perth following the Gold Coast opening, showing confidence in the Australian tourism industry’s ability to recover from the challenges of the COVID-19 pandemic.
The Dorsett team has been welcoming guests to the Dorsett from Boxing Day.
Bookings are available now.
https://www.dorsetthotels.com/en/dorsett-gold-coast/index.html
Isoletto Pool Club and Isoletto Privé
The Star Gold Coast has unveiled a luxurious pool club and skyline party and events space on level six of the new $400 million, 53 storey hotel and apartments tower on Broadbeach Island.
In a sign of confidence in the state’s economic resurgence and an expected summer tourism blitz, The Star is supercharging the expansion of its leisure and entertainment destination with the launch of Isoletto Pool Club and Isoletto Privé events space.
Located on the luxe leisure deck with sweeping views of the Gold Coast shoreline and hinterland, Isoletto Pool Club will be exclusive to all hotel guests within The Star’s resort, including The Star Grand, The Darling and Dorsett Gold Coast, while Isoletto Privé will be available for private and corporate occasions, events and celebrations including weddings and a border-opening, end of 2021 New Year’s Eve party.
Isoletto Pool Club
Inspired by the sun-kissed lifestyle that surrounds the iconic beachside resort, with sweeping views of the Gold Coast skyline, the Isoletto Pool Club offers The Star’s hotel and The Star Residences’ guests the perfect oasis in the sky, a spot to take a relaxing dip, sip on a delicious cocktail, savour a snack as they lounge in a cabana and reminisce of island getaways past.
Exclusive to all hotel guests across The Star’s resort’s four accommodation offerings, Isoletto Pool Club features a stunning pool with an impressive 12m long viewing wall overlooking Broadbeach, plenty of elegant yet comfortable daybeds around the pool deck as well as ‘wet lounges’ built into the pool itself.
The restaurant and lounge with indoor and outdoor seating will serve up a range of appetising light dishes, while those looking to relax on the deck can order spritzes and cooling cocktails from the Isoletto Pool Club’s drinks menu straight to their cabana or daybed.
Plus Architecture, an award-winning local architecture and interior design practice, created the Pool Club to reflect the region’s sandy coastlines. Injected with the sun’s rays and purposefully curated to both relax and refresh visitors, the space’s palette is warm and calming, with subtle pops of bright lemon and tangerine providing a nod to the energetic nature of the Gold Coast lifestyle.
Isoletto Privé
Isoletto Privé, the leisure deck’s dedicated events space also designed by Plus Architecture, expands on The Star Gold Coast’s already extensive events offering to deliver a refined coastal venue for stunning weddings, corporate events and private celebrations.
Including a sprawling lawn, deck and terrace, the new event destinations allow guests to enjoy a seamless indoor or outdoor event, taking advantage of the exquisite subtropical Gold Coast weather and panoramic views of the Gold Coast seascape and hinterland.
The sunlit filled space can suit both casual canapes and cocktail parties or more premium corporate conferences. And with elegant designs, a sophisticated menu of local dishes, and access to high-end AV, the southern side of the leisure deck creates a blank canvas for people or businesses looking for a fresh take on their next grand event.
NOVEMBER | THE STAR RESIDENCES LETTING PROGRAM INTRODUCTION
As we progress towards settlement of your apartment in early 2022, if you purchased for investment purposes you may be turning your attention towards the letting and management options available to you.
We would like to take this opportunity to introduce you to The Star Residences Letting Program.
The Star Residences Letting Program provides flexible letting options, that can be tailored to suit the needs of most investors.
Please keep an eye on your emails throughout the week, as The Star Letting Owner Relations team start making introductory contact with purchasers and sharing the unique benefits of The Star Letting Program.
The Star Letting Owners team can answer any questions you may have including how their program can offer you even more flexibility to book and enjoy family holidays in your apartment!
Should you have any questions regarding The Star Letting Program please contact The Star Owners Relations team at star.residences@star.com.au.
NOVEMBER | SETTLEMENT UPDATE
Finance Application Commencement
Now is the time to commence your finance application if you have not already and you require finance to complete the settlement of your apartment.
It is important you commence the process now to settle on time, in early 2022 and avoid any late penalties.
Do not underestimate the time required to complete your finance applications.
Banks and financiers are experiencing great demand so the timeframe to fully complete your application may be longer than anticipated or you have experienced in the past.
For Australian residents and citizens, requiring a recommendation for an off the plan finance broker, please contact Tania Torres on tania@settlement-solutions.com.au or +61 477 015 826 for contact details.
For international purchasers, BC Invest have put together a tailored finance offer specific to The Star Residences purchasers.
Please contact Charles for more information about this attractive offer.
BC Invest
Charles Lim
Australia Office
Phone: +61 431 886 033
WhatsApp: +61 431 886 033
WeChat: CL-BCInvest
Email: salessupport@bcinvest.co
China Office
Toll free: 400 880 8271
Direct Line: 010-83226619
WeChat: +86 1370 132 2275
Email: salessupport@bcinvest.co
The Star Entertainment Group, Far East Consortium and Chow Tai Fook very much look forward to welcoming you to The Star Residences in 2022. In the meantime, if you have any questions at all we are happy to assist and can be contacted on tania@settlement-solutions.com.au or +61 477 015 826.
We will be reaching out over the coming weeks to confirm applications are underway and to assist where we can.
Australia Office
China Office
SEPTEMBER | SETTLEMENT UPDATE
We are very pleased to announce The Star Residences is on track to settle in early 2022, so if you haven’t already, please start considering finance options now should you require finance to complete the settlement of your property.
We recommend BC Securities for your financing needs. Please see attached flyers (in the Settlement Resources section, located further down in this blog) for great offers, curated specifically for The Star Residence purchasers.
And, we are pleased to share with you The Star Residences masterplan video, in the Construction Photos section of the blog, below. This video gives you a great insight into the world-class resort, its wonderful location and nearby attractions, as well as all the amenities within The Star resort and why this development will be the premium location to reside in or to attract tenants.
LEASING UPDATE
We are thrilled to announce the team at The Star have put together a very attractive leasing offer and bespoke furniture package for you, and your property. The Star team are briefing your agent on all the benefits to you as a landlord, so please contact your agent directly for further information on this attractive offer and package.
NEW OPENINGS AT THE STAR
We know you have great interest in the new and evolving offerings at The Star. As further benefit to you as a resident, or to your tenants, there are now another two exciting hospitality venues at The Star.
The iconic Atrium Bar has relaunched with a bold and colourful design befitting its Gold Coast location.
The Atrium Bar, open from 4pm to late, seven nights a week, hosts live entertainment from Thursday to Sunday. We encourage you to go and experience it in person when you can, you won’t be disappointed…
For more information, please go to: https://www.star.com.au/goldcoast/bars/atrium-bar
Uncle Su affectionately named after its executive chef, Song Yao Su, who has perfected his trade working in some of the world’s finest restaurants in the world, will also open later this year.
The Star’s new flagship Cantonese restaurant, Uncle Su, will offer an impressive rendition of classic Cantonese cuisine, created with local Australian ingredients and a coastal twist. Located near the entry to The Star Residences, Uncle Su could quickly become one of your favourite dining experiences at The Star.
For more information, please go to: https://www.star.com.au/goldcoast/restaurants/uncle-su
SEPTEMBER | CONSTRUCTION UPDATE
The construction of The Star Residences – Tower 1 continues, well on schedule, as the tower “tops-out” with the completion of vertical construction, ahead of a scheduled opening in early 2022.
Inside the tower, the fit out of the apartments is well underway, with kitchens currently being installed on Level 36 and tiling and timber flooring installations following closely behind, with these works continuing progressively up the tower.
Other works around the tower are also underway, with landscaping on the Level 6 Leisure Deck now commenced, and the form work of the Leisure Deck pool is now complete.
Updated photos can be viewed in Construction Photos below.
Click on the following link for further insight into the Tower “topping-out”:
https://www.buildaustralia.com.au/projects/400m-hotel-and-residential-tower-tops-out-in-queensland/
JULY | CONSTRUCTION UPDATE
The Star Residences – Tower 1 is in the final year of completion. With less than 12 months to go, construction continues on schedule with the tower structure currently complete up to level 43 (80%) of its 53 levels and the façade following closely behind at level 38.
Fitout of residential apartments is well underway, with the first levels of apartments having bathroom tiling, kitchen and bathroom joinery and stone installation taking place.
Additionally, as shown in the images and video below, the following works are now complete or underway;
– Atrium and retail promenade (complete)
– Hotel Façade Install (Complete)
– Install of level 20 – 21 architectural banding (90% Complete)
As we head into the second half of 2021, the tower will continue to progress with the following works taking place;
– Completion of residential structure (Ongoing)
– Fitout of residential amenities including pool (Ongoing)
– Residential façade install (Ongoing)
– Residential internal fit out (Ongoing)
NEWS ARTICLES
Top 20 Gold Coast Development Projects
The Urban Developer
Dorsett deluxe and treat to break ice
Gold Coast Bulletin 12 December 2021
Main construction works underway on The Star Gold Coast’s soaring second hotel and apartment tower
The Star Media Release 19 May 2021
Artist to add golden touch to new hotel
Gold Coast Bulletin 7 May 2021
CONSTRUCTION PHOTOS
The Star Residences
SETTLEMENT JOURNEY STAGES
CONSIDER FINANCE OPTIONS
At about 3-4 months before settlement you should start to narrow down what financial options you have to settle.
Will you settle by cash, get a home loan, or maybe a combination?
Should you choose to finance with a loan, we recommend you appoint a broker to assist you with your applications.
VALUATIONS
BEGIN
We'll let you know once your apartment is ready bank valuations will be available, usually there are required as part of your loan application.
For purchasers bringing money into Australia, make sure you have set up an Australian bank account and begin transferring your money.
PURCHASER INSPECTIONS
At this point construction on your new home is almost complete. We will send you an invite to conduct your pre-settlement inspection.
Any defects picked up in your inspection, will be noted and passed to the builder to begin addressing.
PRE-SETTLEMENT PERIOD
Once your inspection is complete the next stage is to wait for the Occupancy Permit and Titles to be issued so settlement can be called.
Your finance, either cash transfer or Bank loan, should be finalised and ready for settlement.
During this time the builder will continue to address any defects where possible.
SETTLEMENT
DAY
Once settlement is called your conveyancer will assist you in preparing for your settlement.
Make sure your loan has been finalised and your cash is ready.
Once your settlement is complete the keys to your new home will be available to collect.
POST
SETTLEMENT
Your settlement has been finalised.
We'll pass on details of the move in process and helpful information so you can get ready for your new home.
Your dedicated Owners corporation/ building manager will now be your point of contact & assist you with settling in to your new home.
SETTLEMENT RESOURCES
BROKER RECOMMENDATIONS
BC Securities
We recommend BC Securities for your financing needs. Please see
below flyers for great offers, curated specifically for The Star
Residence purchasers.
Australia Office
Phone: +61 431 886 033
WhatsApp: +61 431 886 033
WeChat: CL-BCInvest
Email: salessupport@bcinvest.co
China Office
Toll free: 400 880 8271
Direct Line: 010-83226619
WeChat: +86 1370 132 2275
Email: salessupport@bcinvest.co
YOUR SETTLEMENT CO-ORDINATORS
TANIA TORRES
Senior Settlement Co-Ordinator
tania@settlement-solutions.com.au
+61 477 015 826
Wechat: pss90363383
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