Opportunity summary
Only 31 house-sized residences but unusually high cabinetry content, including five expansive penthouses.
- Stage
- Construction underway following demolition in early 2026 · Upcoming package
- Cabinetry scope
- Large kitchens, feature joinery, butler's pantries, vanities, robes, bars, wine storage, library and wellness amenity.
What is confirmed
- Figurehead is the appointed builder.
- The project contains 31 large-format residences.
- Construction is underway with move-in indicated for 2027.
- Figurehead lists a $45 million construction cost.
- Specifications include natural-stone kitchens and feature joinery.
- Cera Stribley and Studio Tate lead architecture and interiors.
JOINA assessment
- Per-dwelling joinery value is likely high.
- Penthouse and communal scopes may require bespoke fabrication.
- The package is best suited to a medium-large joiner with premium finishing capability.
These are reasoned inferences, not statements from the issuing organisation.
Confirm before contacting
- Has Figurehead commenced joinery tendering?
- Will penthouses form a separate package?
- Is amenity joinery bundled with apartments?
Evidence
Builder and valueFigurehead lists Maleela Rise as a $45 million project comprising 31 residences.
Figurehead Construction · checked 24 Aug 2026
Current statusThe official project website states construction is underway and move-in is planned for 2027.
Maleela Rise · checked 24 Aug 2026
Joinery contentCurrent project specifications identify natural-stone kitchens, bathrooms and feature joinery.
realestate.com.au · checked 24 Aug 2026
Construction milestoneProject records state Figurehead was appointed in December 2025 and demolition completed in February 2026.
Incentivise Property Fund · checked 24 Aug 2026
Joinery intensityHouse-sized layouts, penthouses, lounge, library and wellness areas indicate substantial bespoke cabinetry demand.
Figurehead Construction · checked 24 Aug 2026