OSK Property has unveiled Aura, an A$800mil (RM2.25bil) residential tower that will form the next phase of its A$3.5bil (RM9.85bil) Melbourne Square masterplanned precinct in Australia.
The development will rise 67 storeys and comprise 673 residences, adding to the evolving Melbourne Square skyline on the Southbank while introducing a design concept centred on wellness, community and contemporary urban living.
It offers residences ranging from 463sq ft for studio units to 1,496sq ft for three-bedroom homes, with prices starting from RM1.66mil.
In a statement, the developer said the launch comes at a time when Australian residential property is regaining attention among Malaysian investors, supported by a stable economic environment, transparent regulatory framework and sustained housing demand in key gateway cities such as Melbourne.
Aura is located adjacent to Melbourne’s central business district (CBD) and along Yarra River, within minutes of the arts precinct, National Gallery of Victoria, Crown entertainment complex and riverside cafes and restaurants.
Tram access at the doorstep to the development makes commuting hassle-free.
Aura forms part of Melbourne Square, a 2ha freehold, integrated precinct that combines residential towers, retail offerings and public green spaces within a single development.
The precinct features Kennedy Park, a 3,745sq m public garden, alongside supermarket and early learning facility, among other amenities.
Aura follows the success of BLVD in Melbourne Square which has achieved about 80% sales after two-and-a-half years on the market, the developer said.
OSK Property Australia chief executive officer Woon Chong Boon said Aura represented the next evolution of the Melbourne Square vision.
“Aura stands tall as an exemplar of holistic wellness, where the focus on social, physical and mental well-being creates a calm and restorative living environment within the heart of Southbank,” he said.
“We have been very encouraged by the strong response to BLVD and continued demand for the level of amenity, design and connectivity that the Melbourne Square precinct offers.
“For Malaysian buyers looking to diversify internationally, Melbourne continues to offer compelling long-term fundamentals supported by population growth, strong rental demand and a vibrant urban environment,” said Woon.
Inner-city Melbourne also remains one of Australia’s most active rental markets, the developer said.
Tenant demand, it noted, was driven by young professionals working in the CBD, international students attending nearby universities, newly arrived migrants as well as residents who prefer the flexibility of renting within the city centre.
“Aura will introduce a curated selection of residences designed around Japanese-inspired architectural principles emphasising calmness, clarity and simplicity through the use of natural materials and carefully layered spaces,” it said.
Residents will have access to a comprehensive suite of lifestyle and wellness facilities located across multiple levels.
The Aura Club on level 7 will feature an indoor pool, cold plunge, spa, gym, pilates studio, sauna and steam room, library, work-from-home areas and landscaped garden terraces with outdoor dining spaces and a tea house pavilion.
The Meridian Club on levels 49 and 50 will offer lounge areas, a conservatory and private dining spaces designed for residents’ gatherings.
Cumulus Club on the top two levels will include refined lounges, wellness treatment rooms, private spa facilities and meditation spaces overlooking the Melbourne skyline.
The residences will be complemented by about 1,600sq m of retail space on the ground floor and level one.
Designed by Cox Architecture, the building adopts a sleek grid form that draws inspiration from both New York’s classic high-rise architecture and Tokyo’s contemporary skyline.
The majority of residences will also have balconies, with views across Melbourne CBD, Kennedy Park, Docklands, the Royal Botanic Gardens and the arts precinct.
Construction for Aura is slated to commence in late 2026.
