“Most successful masterplanned project in NSW history” sells out: The Ponds

New South Wales’s fastest selling Masterplanned project, The Ponds, in Sydney’s north-west has now sold out with the last land plot purchased.

The UrbanGrowth NSW and Australand project is a $2 billion community with more than 4,200 home sites – all sold within seven years.

Development director for The Ponds, Jey Mahendra, said that in early 2003 they set a vision for the area that included 80 hectares of bushland and waterways and six kilometres of bicycle and walk ways.

“Eleven years later this vision has been achieved. It is estimated over 12,400 residents will call The Ponds home when the last remaining homes are built in 2015,” said Mahendra.

“A combination of strong leadership, clear project vision, a dedicated team with shared values, community input, combined with cooperative relationships with council, project partners and state government agencies were invaluable in the success of this project,” he said.

The homes will include detached and attached homes, terraces houses and courtyard homes.

Major infrastructure projects and housing saw an investment of over one billion dollars, with general manager, residential NSW for Australand, Nigel Edgar, noting that they had initially expected to finishing selling land and homes in the area in 2016.

“Twelve high profile industry accolades have been awarded including the coveted Urban Development Institute of Australia (UDIA) President’s Award for 2012 for the best project of the year in residential, commercial and retail development,” he said.

They have also received sustainability awards from the UDIA, Housing Industry of Australia and PIA.

“A broad range of purchasers have appreciated the lifestyle that has been created at The Ponds. There is nothing else like it in the North West of Sydney. Buyers who purchased in the early stages of the project have been our best sales force. The consultants involved with this project should be very proud of this thriving and functional community.”

The Ponds falls under the Blacktown City Council area.

Next year will see the completion of Peel Reserve Park, which will add to the outside amenitiess that include BBQ areas, playgrounds and sports facilities. In 2015 two schools, John Palmer Public School and a special school, will be complete, as will the second of two community hubs.

Also yet to open next year will be a retail and shopping centre amenity.