• Over 70% of 130 lots sold at a value of approximately $67 million
• Construction to commence in March 2026
• Estimated completion in first half of FY28
• Project includes lifestyle amenities like pool, gym, and car wash

Finbar Group Limited (ASX:FRI), Western Australia's leading apartment developer, has announced the successful launch of its Palmyra West Apartments project in Palmyra. The off-the-plan sales campaign has resulted in over 70% or approximately $67 million worth of presales for the 130-apartment development, which has an end sales value of around $98 million. The wholly owned project is located on a 13,540sqm site at 47 McGregor Road, Palmyra, and comprises four low-rise buildings. The development is situated 4km from Fremantle and in close proximity to established amenities, including the adjacent Woolshed Park, a nearby district shopping centre, and the Royal Fremantle Golf Club. Palmyra West Apartments will feature a range of lifestyle amenities, including a 20m pool, poolside BBQ cabana, gymnasium, residents' lounge and games room, sauna, and a car wash bay. Finbar's CEO, Ronald Chan, highlighted the strong demand for the project, with first home buyers accounting for 33% of purchasers to date and the company's repeat purchaser profile performing well at 20% of all sales. Construction is set to commence in March 2026, with completion expected in the first half of the 2028 financial year.