Balneario Camboriú, located on the north coast of Santa Catarina, will win another millionaire skyscraper overlooking the sea. The titanium tower by FG ​​Empreendimentos will have a height of 240 meters and 57 floors and could cost up to 19 million reais.

The city is in a real estate revaluation situation with the most expensive square meter in Brazil (R$10,453). Thus, the construction company is launching a new enterprise that will be built on the land on which the Hotel Villa do Mar has been located for many years, on Avenida Atlantica, opposite Ilha das Cabras.

The residential complex will remain on the site of the famous Villa do Mar hotel, opposite Ilha das Cabras. Photo: FG Empreendimentos/Disclosure/ND

The hotel, which stood on the ground, was carefully demolished by hand to save the neighboring buildings. The foundation of the building should begin soon. “The big advantage will be the investment in soundproofing between floors, walls, doors and windows,” explains FG Technical Director André Bigarella.

Luxury properties include apartments such as two-level suspended mansions and two-level penthouses ranging from 343.73 m² to 700 m². In addition, the enterprise will have more than two thousand square meters of space for recreation.

The total cost of the project is estimated at 1 billion reais, and units – about 19 million reais. “The market is experiencing growth and rising property values, which is heating up the segment more and more,” emphasizes Altevir Baron, director of market at FG.

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hot market

The wave of property appreciation that has made Balneario Camboriú the number one most expensive square meter in Brazil, according to FipeZap, is justifying the city’s massive investment.

“Balneario Camboriu has already established itself as a profitable destination, not only due to its economic characteristics, but also due to such characteristics and indicators as education, security, sustainability and quality of life. Investors – regardless of the standard, who are looking for a new way of life or those who are looking for new products for application, are comparing returns, and it is noticeable that many are targeting real estate, with strong demand for projects in a factory or under construction. ,” explains economist Guilherme Alano.

New luxury skyscraper announced in Balneario Camboriu – Photo: FG Empreendimentos/Disclosure/ND

For FG’s president, businessman Jean Graciola, construction projects alone recorded a 30% annual increase in construction costs, and beach extensions and new project announcements further increase this figure to a 70% increase. waterfront projects. “This year we will deliver the largest apartment building in Latin America, One Tower, and the market is already drawing a new steep curve. From the launch to the present, residential real estate has reached a level of over 200%, and investments have amounted to more than 1 billion reais,” he says.

Guilherme Alano also emphasizes that with the extension of the waterfront and the revitalization project to be signed by the renowned office of Indio da Costa, there is a trend towards a further increase in property prices. “Balneario Camboriu has entered the investors’ radar once and for all and the trend is to keep this post in the long term. In addition to this, according to the text approved by the Chamber of Casinos in Brazil, Santa Catarina will have the right to explore the casino, and due to the potential, tourism infrastructure and location, there is a high probability that it will be installed in Balneario. Camboriu. In this regard, the city and the northern coast of the state as a whole should be the direction of a large flow of investment in the coming years.