Ryde Garden stage two sells 55% at Saturday launch
Country Garden’s stage two launch of $550 million Ryde Garden, North Ryde on Saturday saw over 250 people viewing the display with 336 apartments up for sale.
In total, 185 of the 336 sold on the day, with an even mix of one, two and three bedrooms selling as well as two penthouses at $1.88 million each.
Ryde Garden's stage two release saw one bedroom apartments were priced from $498,000, two bedroom apartments from $685,000 and three bedroom apartments from $950,000.
Property Observer is advised that buyers were attracted to the suburb’s growth prospects and proximity to the university and train station.
At present, the proportion of owner occupiers to investors remains unconfirmed.
The first launch saw a strong result, with 296 off the plan sales earlier this year - priced very similarly - securing $186 million in sales, with up to 20% being prior Country Garden customers.
The apartments in this release surrounded a 4,000 square metre park landscaped by Aspect Studios.
The development, designed by Bates Smart, sees each apartment include its own balcony with ground floor apartments featuring private courtyard spaces.
Communal facilities include three rooftop terraces, a swimming pool, gym, BBQ area and childcare on site, with shops, restaurants and cafes nearby.
The uppermost levels, and rooftop terraces, feature views of the Harbour and CBD.
The development is expected to see construction in December, with completion forecast for mid-2017.
Country Garden emerged in June as one of the companies potentially interested in purchasing Harry Triguboff's Meriton.
