Vancouver Sun

High demand in condo market drives purchases at 3 Civic Plaza

The luxury condominiu­m tower with hotel amenities – including room service – is located in the heart of Surrey City Centre

- BY JODIE WARREN Postmedia Content Works

Local developers such as Century Group are experienci­ng unpreceden­ted demand for urban-style homes – the result of an ongoing shortage of new product in the region.

“The condominiu­m and townhome markets are very hot right now,” says Sandra Liang, sales manager for Fifth Avenue Real Estate Marketing, who sells homes in Century Group’s 3 Civic Plaza luxury condominiu­m tower in Surrey City Centre. “There is a very limited supply of high-rise homes to buy and when something does become available, it sells very quickly.”

In a Vancouver Sun article published on Feb. 20, Anne McMullin, CEO of the Urban Developmen­t Institute, observed that only eight townhouses built last year in the region remained for sale at the end of 2016. “There is a huge demand out there,” McMullin told the Sun, noting that supply had not kept pace with population growth. “Whatever gets built largely gets sold.”

Liang says there are still some homes available at 3 Civic Plaza, a 52-storey high rise under constructi­on adjacent to Surrey City Hall and the Surrey City Public Library, but many have already been snapped up. She says the homes are particular­ly appealing to local buyers/owner-occupiers due to their size. “The homes in 3 Civic Plaza are very spacious compared to other offerings out there,” she says of the plans, which start at 563 square feet for a one bedroom and range between 850 and 1,000 square feet for a two bedroom. “There is really nothing comparable to 3 Civic Plaza in the area.”

Liang believes that in addition to the spaciousne­ss of the homes, there are other elements that set 3 Civic Plaza apart. First, the boutique Civic Hotel, which is part of Marriott’s Autograph Collection. Second, the homes will start on the 15th floor, where most condominiu­m towers end, giving homeowners expansive views of the city, mountains and beyond. “The architectu­re is quite stunning,” she adds, noting elements in the slender structure such as guitar-pick-shaped windows and a grand lobby where both residents and hotel guests will enter.

Access to hotel amenities is another big plus. “3 Civic Plaza will offer its residents world-class amenities such as a pool, spa and fitness centre and the ability to order room service from the hotel restaurant, but on an à la carte basis, which keeps strata fees reasonable,” she explains. “It was important to Century Group to ensure that residents who don’t use these amenities won’t have to pay for them.”

Those who want to be part of this exciting community need to act quickly. To book your exclusive appointmen­t, visit: 3CivicPlaz­a.ca or call: 604-763-5156.

 ?? SUPPLIED ?? 3 Civic Plaza is a 52-storey high rise under constructi­on adjacent to Surrey City Hall.
SUPPLIED 3 Civic Plaza is a 52-storey high rise under constructi­on adjacent to Surrey City Hall.

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