What is the latest status of the project “State Savings Bank Tower Redevelopment”?

The status recorded for “State Savings Bank Tower Redevelopment” is under construction.

What is the budget and commercial profile for the project “State Savings Bank Tower Redevelopment”?

Taiyo normalizes the budget of “State Savings Bank Tower Redevelopment” to USD 423105150.

Where can I verify the source and access all details for “State Savings Bank Tower Redevelopment”?

This Taiyo project page references AFR along with the original URL (https://www.afr.com/property/residential/surging-building-costs-aren-t-dissuading-these-property-developers-20260407-p5zlz5). Taiyo standardizes official data into a consistent, searchable project profile.

State Savings Bank Tower Redevelopment

Sector: Commercial • Location: Melbourne, Victoria, Australia

Source: AFR

Project

Under Construction

Sterling Global is transforming Melbourne's State Savings Bank into a $610 million, 42-storey residential tower. The project is under construction with Hacer Group as the builder. The development has already sold 75 residences, equivalent to about $120 million in sales.

Status: Under Construction
Sector: Commercial, Residential
Location: Melbourne, Victoria, Australia
Updated: 22 Jul 2026
Source: AFR

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Project Information

4 Q

The project “State Savings Bank Tower Redevelopment” is an infrastructure initiative in the Commercial sector, located in Melbourne, Victoria, Australia. Taiyo aggregates data on it from AFR.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Sterling Global is transforming Melbourne's State Savings Bank into a $610 million, 42-storey residential tower. The project is under construction with Hacer Group as the builder. The development has already sold 75 residences, equivalent to about $120 million in sales.
Original sector	Property
Budget

Location

Country	Australia
State	Victoria
City	Melbourne

Source

Source	AFR
URL

More Details

Record type	Project
Sector	Commercial, Residential
Article published date	2026-04-21

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