Three more apartments are going up across New South Wales, with the developments to rise over Sydney’s lower north shore, Newcastle and Coffs Harbour.
Worth over $700 million in total, the projects are largely targeted towards the luxury end of the market, with some apartments tailored for the over 55s market.
$500M St Leonards master planned community begins construction
Top Spring Australia is developing a 1.26-hectare master planned community in Sydney’s lower north shore, called The Newlands. DASCO has been appointed as the construction partner of the project.
Construction on the project is expected to commence later this year with early works and demolition already begun.
The project boasts a central 5,700 square metre green spine and 1,500 square metres of communal rooftop amenities, with over $65 million in apartments already sold.
Top Spring Australia Development Director, Jeff Curnow, said: “DASCO is one of few builders in the state to achieve a coveted 4.5-star iCIRT rating, recognising their success in innovation, reliability, and construction excellence.”
“The park-front three-bedroom terraces and apartments have attracted professionals and down-sizers, while the popular one- and two-bedroom apartments are appealing to professionals, First Home Buyers and young families.”
“We’re seeing strong buyer confidence in St Leonards and demand for the three-bedroom residences remains particularly high, so we’re planning to bring forward the next release later this month,” said Cunrow.
Regional apartment sells for over $2 million
Third.i Sable at the Jetty project in Coffs Harbour has recently seen a penthouse go for $2.35 million.
The $35.5 million project will be home to 35 residences, and is on the corner of Collingwood and Edgar Streets.
“The strength of the sales at Sable at the Jetty demonstrates that regional cities are seeing a consistent uptake of sales activity. There is still growth in the market here, with property sales in the New South Wales north coast holding steady,” said Luke Berry, Third.i’s Co-Founder.
“There’s heaps of opportunity for growth in Coffs Harbour and this record penthouse sale tells us buyers feel the same way.”
Demolition is complete, with the apartments scheduled for completion in mid-2024.
$200M mixed-use development begins construction in Newcastle
Third.i have commenced construction on its Dairy Farmers Towers project at 924 Hunter Street in Newcastle West.
The developer said the whole floor penthouse recently sold for a record-breaking undisclosed sum, with a local family making the purchase.
Notably, the site was the original head office for Dairy Farmers Limited in Australia.
The stunning penthouse is in the project’s North Tower, which offers a combined 440 sqm ‘Sky Home’ sitting 100 metres above sea level. The 4 bedroom, 3.5 bathroom, 4 car property features multiple living and dining rooms, a separate ‘feature’ and chef’s kitchen, bar and adjoining wine cellar, library, study and more.
Third.i also noted that more than 70% of the project has sold since its launch in late 2022. The development will be home to 184 apartments across two towers.
The company has also recorded $3.5 million in sales across a number of penthouses in its Newcastle retirement living project, The Merewether.
Located within Merewether Golf Course, the over 55s project has seen over 2,500 enquiries.
Land registration for $2 billion Wilton Greens
Wollondilly Shire Council has granted Risland land registration for the first phase of Stage 1 (A to D: 263 land parcels) in the company’s $2 billion Wilton Greens development, located in Sydney’s South West in the countryside township of Wilton.
Spanning 433 hectares, Wilton Greens will comprise 3,600 land parcels with a variety of housing types. Two employment hubs, a local neighbourhood centre, high-quality parks and playgrounds, several kilometres of cycle paths and 8.5 hectares of open spaces will feature in the project.
TRN Group was awarded the civil infrastructure and subdivision works for the first 263 land parcels with more than 1.4 million tonnes of earth already moved. Construction works in the initial Stages A to D are now complete with all authority inspections and approvals finalised.
Development approved Stage One will include 678 land parcels, positioned in the middle of the master planned community.