Luxury waterfront specialists Traders In Purple this week broke ground on Tydal Oceana, celebrating the beginning of construction 12 months ahead of schedule.

Oceana is the second of two buildings in Traders’ luxury Woody Point waterfront residential development and was fast-tracked following the runaway success of the first stage, Tydal Sands.

Only a handful of apartments remain to be sold in both buildings, underscoring the indisputable demand for luxury lifestyle property on the Moreton Bay Peninsula. The vast majority of buyers have come from the immediate region with close to half of them local downsizers.

Traders’ success at Tydal, on the prominent waterfront site, follows a pattern that has become entrenched in its luxury projects on the Moreton Bay Peninsula.

Orilla, an ultra-exclusive development on the Woody Point waterfront, completed construction in July with just one of the 32 ocean-facing apartments remaining to be sold. Marin on the Scarborough waterfront was sold out before its completion in May this year.

At Newport, Traders In Purple is bringing forward the launch of the second stage of Lighthouse, on the Newport Lake waterfront, with construction commencing this month, five months ahead of schedule.

Traders In Purple CEO Brett Robinson said the strong off the plan sales were driven by trust in the national property group and its record of 100 per cent completions.

“Our customers know that the homes we hand over to them will be beautiful from the inside out,” said Mr Robinson. “That they will be built to the highest standard and that we stand behind our product.

“That high level of confidence is the key to the strong off the plan sales we have experienced. We brought forward the launch of Tydal Oceana to satisfy buyer demand after Tydal Sands sold quicker than anticipated. That has allowed us to accelerate the construction schedule.”

Mr Robinson said that while locals were the biggest single group of buyers, residents of Brisbane’s inner and outer suburbs were increasingly finding that Moreton Bay offered better value and proximity to the water.

“There’s only a few metres between Tydal and the water’s edge, something that is rare to find in more developed coastal regions,” said Mr Robinson.

“The apartments are generous inside and out, and resident amenity is exceptional. Each building has its own sub-tropical pool and al fresco dining area and lawn.”

Two penthouses, two courtyard apartments, and a 2 and 3 bedroom apartment are all that remain for sale from the total 175 apartments across both buildings. Apartments are priced from $1.055 million and penthouses with three bedrooms and two living rooms are priced from $2.95 million.