This includes the boutique apartment residences of Watermark, which offer only 20 direct waterfront apartments.

Buyers will do doubt enjoy hosting friends and family on the roof top entertaining terrace, which overlooks the stunning backdrop of Lake Tuggeranong, the foreshore and the Brindabella Mountains.

Relax in the beautifully landscaped green spaces and waterfront promenades.

The development is a low rise boutique building with only 33 apartments and is exclusively residential – no noisy commercial tenancies.

There are several innovative floor plans to choose from to suit every individual buyer.

The apartments feature spacious kitchens with stone benchtops and Ariston appliances, sumptuous interiors, and security garaging with storage.

Watermark, a project of Canberra developers Jaime Farrelly and Bill O'Neill, will contain 29 terraces and two apartment blocks of 33 units each when completed.

So far the project has been popular for downsizers in the area who would like to move to a new apartment but stay in Tuggeranong.

The development of Southquay Greenway will eventually contain 1000 new dwellings around the lake.

So far the ACT government has sold five blocks of land in the area for a total of $18.7 million.

Watermark Residences. EER: 6. Price: From $339,000+. Display suite open: Sunday from 11am-3pm. Contact: McGrath Estate Agents Gungahlin agents Alex Eimerl on 0409 007 313 or Sam Eimerl on 0400 022 281.