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Starryland secure further Promenade, Parramatta apartment sales

Property Observer  | By Jonathan Chancellor

sales were secured in the Parramatta apartment project Promenade through Savills Residential Projects.

It has sold 115 of the 153 apartments in building three at Promenade, a five hectare site which is being developed by Starryland Australia, the local arm of the giant Chinese property group, Fuxing Huiyu Real Estate Company Ltd.

Prices ranged from $440,000, for a one-bedroom apartment.

The apartments in building three comprised:

  • (6)  one-bedrooms (44 – 49 square metres) from $440,000
  • (17) one-bedrooms plus study (46 – 69 square metre) from $465,000
  • (125) two-bedrooms (63 – 98 square metres) from $585,000, and
  • (5) three-bedrooms (83 – 112 square metres) from $850,000

Fewer than 40 apartments remain for sale.

Buyers, who registered their interest with a $3,000 refundable deposit, were invited to attend the launch last Saturday morning.

Irene Lau, from Savills Residential Projects, said more than 70% of purchasers were owner-occupiers.

Promenade‘s initial two buildings of 124 apartments sold out over one weekend in May.

Both buildings are currently under construction with completion in late 2016.

Located in Morton Street just 1.2 kilometres east of the city centre, Promenade will have 1.2 hectares of landscaped foreshore open space, a proposed pedestrian bridge across the river and an extensive walking and cycling network.

James Swete, the sales and marketing director of Starryland Australia, said Promenade would provide resort-style living.

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