Opportunity summary
House-scale apartments and richly detailed communal interiors should support a substantial high-end joinery package.
- Stage
- Early construction; basement works and crane mobilisation recorded · Upcoming package
- Cabinetry scope
- Premium kitchens, vanities, wardrobes, wine cellar, library, lounges and wellness-area cabinetry.
What is confirmed
- The project contains 31 residences.
- Figurehead is the construction partner.
- Construction broke ground in March 2026.
- Basement works progressed during May 2026.
- Completion is planned for spring 2027.
- Figurehead lists a $45 million construction cost.
JOINA assessment
- Structural-stage progress suggests interior trade coordination may be current or approaching.
- Large residences and amenity spaces imply high cabinetry value per apartment.
These are reasoned inferences, not statements from the issuing organisation.
Confirm before contacting
- Has the joinery trade been awarded?
- Is the $45 million figure the builder contract rather than total development value?
- Will amenity joinery be packaged separately?
Evidence
Interior scope signalStudio Tate identifies detailed residences, lounges, bar, library and wellness interiors.
Studio Tate · checked 6 Sept 2026
ScaleFigurehead describes 31 large-format residences across four levels.
Figurehead Construction · checked 6 Sept 2026
ValueThe builder page records a $45 million cost.
Figurehead Construction · checked 6 Sept 2026
Construction progressProject updates record groundbreaking in March and basement works in May 2026.
realestate.com.au project listing · checked 6 Sept 2026
Official statusThe official project site states construction is underway with spring 2027 move-in.
Maleela Rise official site · checked 6 Sept 2026
PostcodeThe official development site gives 23 Maleela Avenue, Balwyn VIC 3103.
Maleela Rise official site · checked 6 Sept 2026