Greenland enjoys unprecedented start to sales after first release of Park Sydney

Sydney, 3 June 2017 – Greenland Australia and GH Australia have seen impressive sales on the opening weekend of Park Sydney in Erskineville, one of the most significant urban renewal projects in Sydney, with more than 135 apartments (or over 90 per cent of all properties available) sold in its first release on Saturday, 3 June 2017.

Being the only current all-encompassing new development in Sydney, Park Sydney will see the former light industrial precinct transformed into a vibrant 6.9-hectare residential community featuring specialty retail outlets, cafés and restaurants, a commercial childcare centre. There will also be a full-range supermarket and a 7,400sqm public park with play areas, BBQ facilities, amphitheatres, walkways and cycleways into the city.

Stage One of the development includes two buildings, Botany and Cascade, which it is proposed will consist of 17 studio apartments priced from $525,000, 112 one bedroom apartments priced from $650,000, 159 two bedroom apartments priced from $1 million, 33 three bedroom apartments priced from $1.5 million and four townhouses costing upwards of $2.5M.

Designed by renowned Australian architecture firm WMK Architecture, in collaboration with interior designers Alexander & Co., Stage One will set the bench mark for the bold expressive design of the project.

Sherwood Luo, Managing Director of Greenland Australia said the strong response from the market was due to Park Sydney’s approach to integrated living, community and its proximity to the CBD.

“Park Sydney is going to transform the last undeveloped site of this scale, this close to the CBD. It is unprecedented for this many new homes with a fully integrated retail space on a park, to be built at any one time in the City of Sydney. We are equally determined to respect and improve on local amenity.”

Mr Luo also credited the day’s impressive sales to the highly respected reputation which Greenland has built as a global developer.

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Apartments are still available for Park Sydney Stage One, with first released apartments selling fast. The Greenland Australia sales team number is 1800 388 788.

For more information on the development go to www.parksydney.com

ENDS

For media enquires please contact
Ambre Harford at The Mint Partners on 02 9280 2133 or ambre@themintpartners.com.au

About Greenland Australia
Greenland Australia is the Australasian division of global property development company, Greenland Group, headquartered in Shanghai, China.

Since its incorporation in 2013, Greenland Australia has undertaken several property developments in major capital cities including Sydney and Melbourne. In Sydney, the group has commenced construction of ‘Greenland Centre Sydney’, its flagship development and Sydney’s tallest residential tower on the site of the former Sydney Water head office on Bathurst Street. Phase one of this project, the five-star Primus Hotel Sydney on Pitt Street, opened for business in December 2015.

‘Lucent’ in North Sydney was Greenland’s second development in Sydney. The luxury residential apartment building, which has set the benchmark for residential living in North Sydney, was completed in June 2016. ‘Omnia’ at Potts Point is now under construction and ‘Leichhardt Green’ in Leichhardt is set for completion later this year. In late June 2016, Greenland Australia and GH Australia acquired most of the land earmarked for their 6.9-hectare joint mixed use development on the Ashmore Industrial Estate at Erskineville in Sydney.

About GH Australia
GH Australia are the Australian arm of one of Hong Kong’s leading diversified property and development firms, Golden Horse Group (GHG), with more than 25 years’ experience across prestige residential, tourism, sporting and recreational projects. The firm entered the Australian market in 2013 with the purchase of Noosa Springs Golf Course, Hope Island Links Golf Course and the site for Icon Milton in Brisbane, a luxury twin-tower apartment development featuring resort-style amenities and lush landscaping throughout.

GHG were one of the first firms to commence real estate and development activities in the reformed economy of China in 1989, and have completed more than 20 projects to date comprising over three million square metres of outstanding developments, many of them now iconic landmarks in China’s tourism, hospitality and residential sectors in cities including Beijing, Shanghai, Guangzhou, Tianjin, Hangzhou, Wuxi, Nanjing, Huai’an and Haikou.