Green Square apartment launch sells out after doubling offering

Despite doubling the number of apartments available at the first launch of Green Square Town Centre on Saturday, before the weekend was over, the joint venture between Mirvac and UrbanGrowth NSW was completely sold out.

The two day launch saw 174 apartments offered (initially 79 were to be released) in the first residential building of the project, named Ebsworth. This totalled more than $150 million of sales to a range of investors and owner occupiers, including first home buyers. More than 4,600 enquiries were received for the first release.

The apartments were priced from $550,000 for a 42 square metre one bedroom apartment with no parking. Two bedroom, two bathroom apartments with one car park, and three bedroom, two bathroom apartments with one car park are also available.

The next release will be fast tracked as a result of this sell out.

UrbanGrowth NSW chief executive David Pitchford said that Green Square is the beginning of a new era for Sydney.

He pointed to the success working with the private sector and noted the area’s employment and housing options, nearby train station and amenities.

Mirvac group executive residential development, John Carfi, said that there has been a shift towards inner city living.

“Green Square offers all the fundamentals that people are looking for in apartment living,” said Carfi.

“There were however a number of potential buyers who missed out and we will be doing our best to bring forward the next release of apartments at Green Square to satisfy the evident demand.”

Construction of Ebsworth will begin in early 2015 and is expected to be completed in late 2016.