• Finbar's $113M Bel-Air Apartments project sold out prior to construction completion
• Part of Finbar's $1B+ development pipeline, with $277M East Perth project 70% sold
• Strong demand for mid-tier apartment product in Western Australia

Finbar Group Limited (ASX: FRI), Western Australia's leading apartment development company, has announced that it has successfully concluded the Off-the-Plan sales campaign for its $113M Bel-Air Apartments project. The Bel-Air development, located at 239 Great Eastern Highway in Belmont, is a 194 apartment and two commercial lot project currently under construction and anticipated to be completed in the middle of calendar year 2026. The successful conclusion of the marketing campaign for Bel-Air represents the first time in over ten years that Finbar has sold out a project prior to construction completion, highlighting the current strong demand for mid-tier apartment product in Western Australia from both owner-occupiers and increasingly investors. This success aligns well with the remainder of the under-construction part of Finbar's overall $1 billion plus development pipeline, including the $277M East Perth project Garden Towers, which is over 70% sold and under construction with an anticipated completion date of 2026. Finbar's CEO, Ronald Chan, stated that the company expects this strong demand and sales momentum to lead into the next part of its development pipeline, with a further $202 million in potential end value projects to be released to the market in the coming months.

Finbar expects the strong demand and sales momentum for its mid-tier apartment projects to continue, with a further $202 million in potential end value projects to be released to the market in the coming months.