Sales off to a strong start as Greenland secures the sale of around 100 apartments in opening weekend
Sydney, 30 July 2016 – Global developer, Greenland’s ‘nbh at Lachlan’s Line’, located in the heart of Sydney’s north-west has seen impressive sales in the first weekend with approximately 100 apartments sold in its first release on Saturday 30 July 2016.
Set to be one of Australia’s largest master planned communities ‘nbh at Lachlan’s Line’ will be the first mixed-use development in the new Lachlan’s Line precinct. The 1.53 hectare site will form stages 1 and 2 of the multi-million dollar Lachlan’s Line master-planned project.
nbh at Lachlan’s Line will ultimately consist of approximately 900 apartments across six towers ranging in height from three to 17 storeys, and 6,000 sqm of ground floor retail.
In total, nbh at Lachlan’s Line consists of 67 one bedroom apartments priced from $580,000 to $750,000, 322 one bedroom plus study apartments priced from $650,000 to $880,000, 390 two bedroom, two bathroom apartments priced from $950,000 to $1.27 million and 4 four bedroom, three-storey townhouses priced at over $2.5 million each.
Designed by two of Australia’s most established architecture firms, the 1.53 hectare site will also offer residents a 2,500 sqm community centre and vast green space which will feature Lachlan’s Square as the heart of the soon to be buzzing and vibrant community – a space where locals can gather for social events and activities like outdoor cinemas, weekend markets, yoga or fitness training.
The master planned community will feature a state of the art retail experience, health and fitness club, medical centre, childcare centre, and a corporate space which will be occupied by the City of Ryde Council. An ‘Eat Street’ precinct will feature some of Sydney’s best dining experiences, including a selection of restaurants, cafes, fresh food and gourmet retailers offering alfresco dining
Sherwood Luo, Managing Director of Greenland Australia said the strong response from the market was thanks to the demand for high quality living in Sydney, which nbh at Lachlan’s Line offers in abundance.
“nbh at Lachlan’s Line will become a lifestyle-oriented community with a beautiful big park anchoring the development as well as a huge 6000 square metre activated retail precinct featuring restaurants, cafes and gourmet grocers which will become a new destination for Sydneysiders.
“We believe this highly resolved social infrastructure is what has appealed to so many of our buyers today together with the excellent transport links the development offers with two train stations located in walking distance as well as a dedicated bus stop.”
Mr Luo also credited the day’s impressive sales to the highly respected reputation which Greenland has built as a global developer.
“Greenland has developed several of the tallest residential towers and largest urban complexes in the world. This has been instrumental in giving our buyers confidence investing in our projects. Our continued success ensures that we always deliver on time, and on budget,” he said.
CBRE Senior Director Residential Projects, Tim Rees said today’s sales results surpassed expectations.
“There has been a significant amount of interest in nbh at Lachlan’s Line and the desire to live in one of Sydney’s highest growth suburbs. Macquarie Park is set to become Sydney’s fourth CBD with a wave of new development currently underway,” Mr Rees said.
“nbh represents a great opportunity for buyers to secure an apartment within the first development at Lachlan’s Line which will also be most premium offering within the precinct with many apartments featuring spectacular views of the Sydney CBD.
“Today’s result is a great indication of the stability of Sydney’s apartment market, showing the appetite of investors and owner-occupiers alike has not slowed, and continues at a steady pace.”
Apartments are still available for nbh at Lachlan’s Line with first released apartments selling fast. Don’t miss this opportunity to own a piece of what will be one of Sydney’s most social and vibrant communities.
For more information, visit www.nbhsydney.com.au or call 1800 388 788.
Media contact: Jamie Pericleous, The Capital Group, 9252 3900, 0421 173 361, [email protected]