Construction has begun on Kincrest’s flagship mixed-use development—The Osment—with the project already achieving 50 per cent residential presales, including a $10-million sub-penthouse transaction.

Kincrest director Tom Howgate said the project had achieved sales across all price points and “not just a couple of high-end ones”.

“We’ve had a good range of sales. We’ve sold some entry level at $1.7 million and then the sub-penthouse and everything in between,” Howgate told The Urban Developer.