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7NEWS
10 hours ago
- Business
- 7NEWS
Gold Coast penthouse sets record with $19.57 million sale
The Gold Coast's luxury apartment market has notched another record with the $19,568,000 sale of a full-floor penthouse in the Royale Gold Coast development-just weeks after the project set a previous benchmark with a $19.18 million penthouse sale. Together, the two penthouse deals have generated over $38 million in off-the-plan sales, marking the highest transactions of their kind in Surfers Paradise history and reinforcing the city's newfound prestige in the national property market. The latest deal, for Penthouse 3601 on level 36, was secured by a local businessman who had originally purchased a half-floor residence in the building, only to upgrade when the full-floor penthouse was released to market. As the tower's form has become more prominent during construction, the buyer was drawn by the opportunity to secure an expansive, uninterrupted coastal view from a residence unlike anything else in the region. " Royale Gold Coast is unlike any other project in the Australian market," said David Devine, founder and managing director of DD Living. "Its sculptural form, premium north-east orientation and floor-to-ceiling glass have been meticulously designed to maximise natural light and capture uninterrupted 360-degree views across the ocean, hinterland and city skyline." Each penthouse offers over 660 square metres of indoor and outdoor space, with features including a gourmet kitchen fitted with Wolf and Sub-Zero appliances, an oversized butler's pantry, glass-enclosed wine cellar, full-sized bar, formal dining for 14, and expansive indoor-outdoor entertaining zones. The master suite occupies the entire eastern wing and includes a resort-style ensuite with a freestanding bath, double showers and floor-to-ceiling glass offering uninterrupted ocean vistas. Residents of Royale will also enjoy six-star resort-style amenities such as two lagoon pools, a wellness centre with spa, cold plunge, sauna and yoga terrace, as well as the private Club Royale residents' lounge with an executive kitchen and beachfront views. According to luxury apartment specialist Adrian Parsons, Managing Director of TOTAL Property Group, the Gold Coast's prestige apartment sector is being fuelled by both demand and a significant shift in who's buying. "Many of the purchasers in the luxury apartment market are local Gold Coast owner-occupiers intending to live in the residences full-time," Parsons said. "We're also seeing strong demand from Brisbane and interstate buyers. While some are securing apartments as premium holiday homes, a significant proportion are planning a permanent move to the Gold Coast to enjoy the lifestyle on offer year-round." Parsons attributes the current boom to the city's broader transformation into a diversified economic hub. "The Gold Coast has matured significantly in recent years, evolving into a more resilient economy that is no longer solely reliant on tourism," he said. "This transformation has supported continued interstate migration, with more people choosing to make the Gold Coast their permanent home. The region's lifestyle, climate, and world-class amenities continue to attract high-end apartment buyers seeking both luxury and liveability." With absolute beachfront development sites now scarce, Parsons also noted that developers are turning their attention to emerging lifestyle markets across Southeast Queensland. "These areas offer strong long-term growth potential and are gaining attention from both developers and discerning buyers alike," he said.
Winnipeg Free Press
a day ago
- Sport
- Winnipeg Free Press
White Sox and Phillies meet in series rubber match
Philadelphia Phillies (61-46, second in the NL East) vs. Chicago White Sox (39-69, fifth in the AL Central) Chicago; Wednesday, 2:10 p.m. EDT PITCHING PROBABLES: Phillies: Taijuan Walker (3-5, 3.84 ERA, 1.35 WHIP, 56 strikeouts); White Sox: Adrian Houser (6-2, 2.10 ERA, 1.22 WHIP, 47 strikeouts) BETMGM SPORTSBOOK LINE: Phillies -148, White Sox +123; over/under is 9 runs BOTTOM LINE: The Chicago White Sox and Philadelphia Phillies play on Wednesday with the winner claiming the three-game series. Chicago has gone 23-32 in home games and 39-69 overall. The White Sox have a 17-8 record in games when they hit two or more home runs. Philadelphia has a 28-27 record in road games and a 61-46 record overall. The Phillies have gone 26-14 in games when they did not allow a home run. The teams square off Wednesday for the third time this season. TOP PERFORMERS: Miguel Vargas has 25 doubles, two triples and 12 home runs while hitting .227 for the White Sox. Colson Montgomery is 9 for 38 with a double and four home runs over the last 10 games. Kyle Schwarber has 37 home runs, 74 walks and 86 RBIs while hitting .256 for the Phillies. Trea Turner is 14 for 43 with four doubles, a triple and four RBIs over the last 10 games. LAST 10 GAMES: White Sox: 6-4, .275 batting average, 3.94 ERA, outscored opponents by 19 runs Phillies: 6-4, .252 batting average, 4.35 ERA, outscored opponents by 11 runs INJURIES: White Sox: Prelander Berroa: 60-Day IL (elbow), Shane Smith: 15-Day IL (ankle), Tim Elko: 10-Day IL (knee), Ryan Noda: 10-Day IL (quadricep), Jared Shuster: 15-Day IL (hand), Ky Bush: 60-Day IL (elbow), Miguel Castro: 60-Day IL (knee), Martin Perez: 60-Day IL (forearm), Drew Thorpe: 60-Day IL (elbow), Jesse Scholtens: 60-Day IL (elbow) Phillies: Joe Ross: 15-Day IL (back), Alec Bohm: 10-Day IL (ribcage), Aaron Nola: 60-Day IL (ankle) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Hindustan Times
a day ago
- Business
- Hindustan Times
Greater Noida brings OTS scheme for plot owners
GREATER NOIDA: The Greater Noida authority during a board meeting held on Tuesday approved a one-time settlement (OTS) scheme for allottees of multi-storey flats, measuring up to 121 square metres, including economically weaker section (EWS), low income group (LIG), and middle income group (MIG) categories. To boost the city's flood preparedness, the board also approved building a regulator on the Aimanabad Bandh. (Sunil Ghosh/HT Archives) 'The scheme offers relief on interest and late fee dues on unpaid premiums and lease deeds. An estimated 2,000 flat buyers stand to benefit. Many of them have faced delays in executing lease deeds due to mounting dues,' said the authority's chief executive officer Ravi Kumar NG. The scheme will remain effective until December 31. The initiative will help expedite lease registrations and resolve long-pending cases. A formal office order with implementation details will be issued shortly, said officials. Meanwhile, the board meeting, presided over by Uttar Pradesh chief secretary and authority's chairman Manoj Kumar Singh via video conferencing, took a series of important decisions to address civic needs and infrastructure gaps. The discussed issues included the homebuyers, flood safety, and housing for airport security personnel among others. To boost the city's flood preparedness, the board also approved building a regulator on the Aimanabad Bandh. This regulator is designed to prevent Hindon River floodwaters from entering populated areas of Greater Noida during heavy rains. It will also help prevent erosion in areas around the Bisrakh drain, said officials. The Irrigation Department will carry out the construction, while the Greater Noida authority will fund the project with ₹10.56 crore. The funds will be released soon to begin the tender process, they added. To support the upcoming Noida International Airport, the authority also approved a proposal to provide rental housing for Central Industrial Security Force (CISF) personnel deployed for airport security. A total of 467 vacant flats in Sector Omicron 1A, falling under the MIG and LIG categories, will be allocated for this purpose. The move aims to ensure accessible, secure accommodation for CISF staff working at the strategically significant airport, said officials.
Time of India
a day ago
- Business
- Time of India
Govt has opened 1 million sq km of new offshore area to step up oil & gas hunt: Hardeep Puri
New Delhi: India is witnessing a renewed surge in oil and gas exploration with the opening of nearly one million square kilometres of erstwhile 'No-Go' offshore areas in 2022, Minister for Petroleum and Natural Gas, Hardeep Singh Puri, informed the Parliament on Tuesday. "This move has unlocked significant exploration frontiers, especially in deepwater and frontier regions such as the Andaman-Nicobar (AN) offshore basin, and has been instrumental in triggering the current momentum in offshore activity," the minister said in a written reply to a question in the Rajya Sabha. Since 2015, Exploration and Production (E&P) companies operating in India have reported 172 hydrocarbon discoveries , including 62 in offshore areas. The minister highlighted the geological significance of the AN basin, which lies at the junction of the Andaman and Nicobar Basins within the Bengal-Arakan sedimentary system. The tectonic setting, located at the boundary of the Indian and Burmese plates, has led to the formation of numerous stratigraphic traps that are conducive to hydrocarbon accumulation. This geological promise is further amplified by the basin's proximity to proven petroleum systems in Myanmar and North Sumatra. The region has attracted renewed global interest following significant gas discoveries in South Andaman offshore Indonesia, underlining the geological continuity across the region, the minister said. While the favourable geology sets a strong foundation, Puri emphasised that the real breakthrough has come from the government's strategic policy interventions and a new exploration approach. The revised strategy has enabled aggressive acquisition of seismic data, initiation of both stratigraphic and exploratory drilling, and increased engagement with international exploration partners, several of whom have shown keen interest in the newly accessible frontier blocks, he stated. In a significant development, ONGC and Oil India Ltd (OIL) have launched an ambitious exploration campaign in the Andaman ultra-deepwater region. For the first time, drilling operations are targeting depths of up to 5,000 metres. One such wildcat well, ANDW-7, drilled in a carbonate play in the East Andaman Back Arc region, has yielded encouraging geological insights. These include traces of light crude and condensate in cutting samples, heavy hydrocarbons like C-5 neo-pentane in trip gases, the minister further stated. These findings establish, for the first time, the existence of an active thermogenic petroleum system in the region, comparable to those in Myanmar and North Sumatra. While commercial reserves remain to be established, this campaign has validated the presence of a working petroleum system and laid the foundation for focused exploration in the area, the minister said. Providing an overview of the exploration outcomes so far, the minister informed that the ONGC has made hydrocarbon discoveries in 20 blocks, with an estimated reserve of 75 million metric tonnes of oil equivalent (MMTOE). OIL, on its part, has made seven oil and gas discoveries over the past four years, with reserves estimated at 9.8 million barrels of oil and 2,706.3 million standard cubic meters of gas.
The South African
2 days ago
- Business
- The South African
Paul Mashatile's R28.9 million Constantia home raises eyebrows
Parliament has released the 2025 register listing the financial interests and other benefits of the current Members of Parliament (MPs). Due to the nature of their jobs, MPs are required to disclose financial interests, such as shares and other financial interests in companies and other corporate entities; remunerated employment or work outside of Parliament; directorships and partnerships; consultancies and retainerships; sponsorships; gifts and hospitality as well as benefits and interest free loans. In addition, they are required to disclose travel; ownership in land and property; pensions; rented property income generating assets; and trusts. In fact, there are 13 different categories. The register is extensive and broken down per political party . For the curious, it's interesting to note what gifts in particular they have received and what property MPs own. By way of an example, let's take a closer look at Deputy President Paul Mashatile (real name Shipokosa Paulus Mashatile). Paul Mashatile is one of 183 ANC MPs to feature on the register. As soon as the register was made public, eagle-eyed South Africans were quick to notice he declared a 4 000 square metre Constantia, Cape Town mansion worth a reported R28.9 million, which is registered under his son-in-law Nceba Nonkwelo's company as one of three 'residential' properties. The Hawks are investigating the source of the funds used for the purchase. Nothing to disclose Nothing to disclose Nothing to disclose Nothing to disclose Nothing to disclose Description Value Source Portrait of Deputy President Estimate R3 000 National Youth Development Agency HILIA designed box:silver Omani (Wildlife ofRussia) made in 2022,Manufacturer: TISSO –The collection consist ofthree sets dedicated toanimals, birds and fishthat are mainly found onthe territory of the Russian Federation Estimate R2 000 Russia Prime Minister:Mikhail Mishustin, duringthe Deputy President working visit in Russia PYCCKNECAMOLIBETBI (sets oftwo saucers and teacups).Tea sets: four cups,one small kettle and four saucers Estimate R1 500-R2 000 Russia Prime Minister:Mikhail Mishustin, duringthe Deputy President working visit in Russia Backpack bag (black andgrey in color with writtenHarambee on the back)Hoodie Jersey Bennie Estimate R700 Harambee YouthEmployment Accelerator: CEO – Kasthuri Soni. RT Mirco PhoneThelema The Mint 2021CabernetSauvignon Estate Wineand Lindor double chocolate Estimated R1 000 China council for thepromotion of international trade (CCPIT) Japan Bottle of Wine and Small grey bowl Estimate R2 000 Ambassador of Japanand Takeshi Iwaya,Japan's Minister of Foreign Affairs Hibiki Suntory WhiskyBottle, Edo Glass forWhiskyIsuzu light-duty truck (Toydisplay), N Series, and Decor Pot Estimate R2 000 Working Visit in Japan The Taberer Avontuur Stellenbosch Wine Estimate R500 Ahmed Kathrada legacy fundraising breakfast Black pot for décor Estimate R1 500 People's Republic of China, H.E GAO Yunlong Silver Elephants Statue display Estimate R2 000 The Minister of ExternalAffairs New Delhi, India Nothing to disclose Nothing to disclose Description of property Area where property is located Size of the property in square metres Residential family home Constantia, Western Cape 4 000 square metres Residential family home Waterfall, Midrand Gauteng 9 000 square metres Residential Kelvin, Johannesburg Gauteng 3 000 square metres Source of the pension Public / Private GEPF Public Nothing to declare Description of income generating asset Nature of the income Old Mutual Unit Trust Interest generated on account Nothing to declare Declaring such interests enhances transparency and strengthens public trust and confidence in parliamentary processes and decision-making. Last Friday, the Joint Committee on Ethics and Members' Interests adopted the 2025 Register of Members' Interests per item 12 of the Code of Ethical Conduct and Disclosure of Members' Interests for National Assembly and Permanent Council Members. The 2025 register is the second of the seventh Parliament following the 2024 General Elections. 'As per convention following the adoption, the committee resolved to release the register to enable access to the public section of the register. The new code adopted by the sixth Parliament established the submission of interests using the prescribed electronic form, which is aimed at streamlining declarations and making the process seamless and quick. 'The adoption of the electronic declaration submission form was a strategic decision in line with the move to ensure a paperless Parliament. Also, to ensure seamless submission, the office of the Registrar availed staff to support and assist Members of Parliament with their online submissions,' Parliament said. Item 12 (7) of the Code is clear that a Member must disclose his/her registrable interests in the first quarter of the financial year. 'The code promotes a culture of openness and accountability, and the release of the register is a bold step in building public trust and confidence. Furthermore, by ensuring accountability of public representatives, the release ensures credibility of the oversight work over the executive,' Parliament said. As per item 12 (1) of the Code, the Register consists of both a public and confidential section. The public section of the register is now available to be perused by the public to ensure accountability. 'The Joint Committee on Ethics and Members' Interests further communicates that the 2025 disclosure process had a 100% compliance by the due date of all Members of Parliament. No Member of Parliament submitted late. The committee commends this milestone.' The full public section of the register can be accessed here: A full report will be published in the Parliament's Announcements, Tabling's and Committee Reports. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
