New seafront apartments in Malta launched to unprecedented success

30 seafront apartments were reserved within weeks of their release as Tigne Point in Malta launch their latest waterfront phase known as Q1.

“The response to the launch of Q1 has been exceptional”, says James Vassallo, Senior Manager Sales and Marketing at MIDI plc. “Almost 90 percent of the new phase has been snapped up by a mix of local and foreign buyers in under two weeks. This highlights the fact that there is still a very strong demand for quality property in Malta, particularly property in the right location that benefits from amenities and quality facilities. All the two bedroom homes in this phase are now sold and we are down to the last 4 three bed seafront units and two fabulous duplex penthouses”.

MIDI plc chairman Albert Mizzi said, “The response we received from both local and overseas buyers for the recently released Q1 apartments has been overwhelming. MIDI has already sold all 281 units previously put on the market at Tigne Point and it is clear that the demand for quality property has not waned since”.

There are many reasons for the popularity of this major development, not least its unique location on the banks of Marsamxetto Creek, directly across the water from the UNESCO World Heritage Site, Valletta, Malta’s capital city.

Tigne Point forms part of the MIDI project, the largest regeneration project on the island of Malta. Measuring some 30 acres, the site was formerly occupied by military barracks which had fallen into disuse – it has now been transformed into an award-winning, mixed-use development that hosts some of Malta’s most exclusive homes, its trendiest shopping centre, the largest piazza in the fashionable Sliema district and a series of stylish boutiques, cafes and eateries. Combined with these is the restoration of the 18th century Fort Tigne and a series of foreshore facilities including a wonderful south facing residents’ pool commanding breathtaking views of Valletta.

Tigne Point

The show apartment designed by aoM partnership with interior design by Martin Xuereb & Associates is now open and on the market fully furnished and equipped at 1,350,000 euros ( approx. £1,149,823)

All two bedroom properties in this phase have been sold.

Three bedroom properties of 203 sqm start from 840,000 euros with open seaviews, exceptional finishes and underground parking included.

Three bedrooms with 224 sqm and a 34m frontage start from 912,000 euros (approx £776,769)

For more information, visit tignepoint.com.