The chairman of the luxury Peninsula Shanghai Hotel, David Wang is launching two new apartment towers at his Cambridge Residences on the Gold Coast.

Mr Wang, who is also chairman of SPG Holdings Australia (now known as Greenland Hong Kong and no relation to Greenland Group in China) said he was confident about the Gold Coast market, ahead of the Commonwealth Games.

The first two towers at the $162 million project at Robina on the Gold Coast have sold out. Its one bedroom apartments start from $330,000.

Chinese developer Jun Xin Oceanscape is also launching its $90 million 24-storey Naia apartment project.

Both developers have appointed The Agency's latest recruit, its new head of Gold Coast project marketing, former Colliers International's Tony Hymus to sell the collective 220 units.

"The Agency projects team is increasing resources due to the high level of demand for high rise and home and land packages. Also, we are seeing stronger inquiry from Sydney and Melbourne for long-term investment and lifestyle change," The Agency director Steven Chen said.

"The Agency's interstate presence puts us in an extremely strong position for cross selling."

The Gold Coast market is going strong, agents have said.

CBRE's Justin Brown previously supported the Gold Coast's revival, having recovered from the 1980s downturn.

Rental vacancy is low at 1.4 per cent. Rents have increased by more than 3 per cent in the year to June 2017, JLL research shows.

But not all projects have gone well. Sales at Chinese developer Forise's highly touted $1.3 billion, 88-level Gold Coast tower, Spirit, were slow.

Only 40 per cent of Chinese conglomerate Dalian Wanda's previous project on Broadbeach, the three-tower apartment and hotel project Jewel were sold.

That tower has now been sold to Sydney developer and investor Yuhu Group in a combined sale with Dalian Wanda's Circular Quay towers for $1.1 billion.

Affordable apartments tailored to local buyers have had more traction, agents say.

SOURCE: www.afr.com