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Central Equity books record $145m profit

People & Companies / Latest News

Australia

Nov 04 2017

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Simon Johanson, The Sydney Morning Herald

Prolific apartment developer Central Equity has dismissed the existence of "ghost" apartments as Australia's population boom propelled the group's projects to near "full occupancy" and provided $802 million in new settlements.

The developer –  which claims to have built half of the skyscrapers in Melbourne's Southbank – has taken a swipe at market doomsayers, dispelling speculation "large portions of the inner-city apartment market contain locked-up, unoccupied or 'ghost' apartments".

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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