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Starryland News

Rush on the riverside as apartments snapped up

MORE than 100 apartments were snapped up within three-and-a half hours at the launch of Parramatta’s Promenade No.2 development yesterday. A total of 198 apartments made up the first release of the $314 million project located on the Parramatta River.

While the display suite doors didn’t open until 8.30am, eager buyers lined up from 6.30am, ready to snap up a one, two or three-bedroom apartment with prices starting from $518,000.

Construction worker Paul Campbell was one buyer who managed to scoop himself up a one-bedroom unit with study. The 24-year-old from Cabarita had been house hunting for more than six months. “It’s a new development, offthe-plan, so it was very appealing. You get the first homeowner’s grant and there’s no stamp duty,” Mr Campbell said.

The apartments released were among the 505 units that will make up Promenade No.2, CBRE managing director David Milton said. “People are recognising that Parramatta has potential and really good value,” he said.

Stunning riverside apartments

Set on Parramatta River, Promenade No 2 offers luxury apartments in a convenient, waterfront setting.

Promenade Parramatta Reaches New Heights

Probuild reaches a milestone today on the Promenade Parramatta project with the topping out of Stage 1, comprising of three apartment buildings being developed by Starryland Australia.

Ideally located alongside the Parramatta River and close to transport, entertainment and shopping precincts, Promenade Parramatta is part of a building boom in Australia’s fifth largest city.

When complete, the first stage of Promenade Parramatta will comprise 277 apartments in four buildings with 400+ car parking spaces. Ultimately, the three-stage development will comprise 774 apartments, with 1.2 hectares of landscaped foreshore open space.

Starryland Executive Director Hao Liu said, “Today we’re celebrating the topping out of the first stage of the Promenade development – a milestone for this development and also for Starryland with Promenade being our first development in Australia.”

“This is the first stage of a three stage project for Starryland, and we are so excited to be a part of the renewal of Parramatta which is fast becoming Sydney’s dual CBD.”

Promenade Parramatta is also Probuild’s first project in the city, continuing the company’s already significant investment in NSW.

Probuild NSW managing director Arthur Williams says, “Parramatta is a huge opportunity for us. It’s a city that is well suited to medium to high density housing, has a large number of younger workers and is close to all forms of transport.”

“We’ll continue to pursue projects in this rapidly developing city,” Mr Williams said.

Probuild is delivering land improvements for Starryland, including an extended boardwalk on the river edge for the community to enjoy.

Mr Williams says that this type of developer/builder collaboration for the benefit of community is what makes these projects so worthwhile.

“It’s not just about the building, but how that building fits within its surroundings.

“Of course, having a great relationship with our client, Starryland, means that these community benefits can be realised,” he said.