Mirvac's near weekend sell-out of Ovo, Green Square

Mirvac's near weekend sell-out of Ovo, Green Square
Jonathan ChancellorDecember 7, 2020

Mirvac's 224 apartment Ovo Sales at Green Square Town Centre went on sale on the weekend. They sold 221 of them. 

Pricing on the apartments in the 28-storey tower was equivalent to the last two towers the developer had sold in the same burgeoning new precinct.

Rates on level 12 were around $13,000 per square metre, with lower floors cheaper and higher floors dearer. 

There are three three bedroom apartments remaining for purchase.

Studios were priced from $650,000, with first home buyers paying more than $700,000 for a one bedroom apartment without parking, and two bedroom apartments with one bathroom in the $900,000 range and going up in Ovo, which occupies a prominent gateway location at 956-960 Bourke Street.

Designed by architect Richard Francis-Jones in an elliptical shape, the curving, 28-storey tower will be clad in coloured glass panels in rusty and yellow hues.

It features a larger mix of three-bedroom apartments with layouts designed to appeal to households with children.

Some apartments have a bathroom for every bedroom. 

Its release to the market was fast-tracked due to strong demand for apartments in the two previous 10-level blocks.  

Ovo is the third residential release from UrbanGrowth NSW and Mirvac over the past six months at Green Square and follows the sell-out success of Ebsworth and No. 8 Ebsworth.

“The strong interest in Green Square Town Centre is an endorsement of UrbanGrowth NSW’s commitment, perseverance and vision over many years to create a town centre at Green Square, and our strong partnerships with Mirvac and City of Sydney,” said UrbanGrowth NSW chief David Pitchford.

Mirvac Group's John Carfi said the landmark captured the attention of young professional and families at Green Square Town Centre, one of Australia’s most significant urban transformation projects.

Spanning 287 hectares, the precinct will see over $8 billion worth of investment over the next ten years to deliver a new global village for Sydney, including approximately 2,000 apartments.    

Ovo comprises six open plan one bedroom apartments, 46 one bedroom apartments, 152 two bedroom apartments, and 20 three bedroom apartments located at the northern end of Green Square Town Centre.

Construction of Green Square Town Centre’s first building, Ebsworth, is already underway. Construction at Ovo has an expected completion by early 2018. 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks