DOCKLANDS next major skyscraper should start appearing on city skylines later this year.

Sydney-based developer Mirvac has just started construction of its latest waterfront apartment tower, Yarra Point, on the corner of Lorimer Street and Point Piper Crescent.

Upon completion in 2013, the $200 million tower will soar 31-levels and include 201 flats.

When the project was launched last October, entry level apartments started at a staggering $500,000. Four bedroom “sky residences” have fetched $2.5 million.

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