Colliers International has released their Brisbane March quarter apartment report identifying 6 major projects that have been put on hold due to the current economic climate. Major developments which they identified included the $1billion Vision Tower, $700million Trilogy Tower, $500million Empire Square residential and hotel development, $1.1billion Eagle street Pier Project by Stockland on the Brisbane River.

One developer surging ahaead with their development is Devine Properties who is developing the $1billion French Quarter. They hope to achieve sales success similiar to their past project Hamilton Harbour.

Other developers looking to move forward to their developments include Meriton and North Build Construction.

Other projects that have not progressed include Hogan Place, Silverpoint Towers and Q-Centre tower.

This report focuses on Queensland where many of Australia’s high profile development were to take place. The same reults of shelved developments around Australia can been seen in all the major cities.

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