SGX-listed real estate company World Class Global, the international property arm of jeweller Aspial Corp, has received A$69 million ($69.6 million) from the handover of 134 completed residential units at its 456-unit Melbourne project, AVANT.

The developer will continue to realise settlements of A$35.8 million from the handover of 69 completed residential units at the freehold, 56-storey residential tower over the next few weeks.

Ninety-seven per cent (444 units) at AVANT have been sold as at March 27, with sales totalling A$256.4 million. The residential development is located in Melbourne’s CBD, within walking distance of RMIT University.

According to World Class Global, it has two other residential projects in Australia that have yet to be launched.