Chatswood Place launches; 106 units sold for $160 million

Chatswood Place launches; 106 units sold for $160 million
Chatswood Place launches; 106 units sold for $160 million

Chatswood Place, a $300 million new boutique mixed use development by Platino Properties, was launched on Frday.

At the launch, 106 out of 111 apartments sold for a total of $160 million.

Located at 260 Victoria Avenue, the development will comprise 223 apartments over five buildings, released in two stages.

Units range from studios to four-bedroom penthouses.

Construction is expected to begin in February 2016 with completion proposed by late 2018.

Only six buyers were from overseas.

Almost 65% were buying to live in the new apartments.

Most were existing Chatswood residents wanting to upgrade. 

A record sale was also made with two apartments purchased by the same buyer for $8.1 million - something never before seen in Chatswood.

“The strong demand for Chatswood Place is indicative of home owners’ increasing preference to live in apartments that are a stone’s throw from the shops, cafes and restaurants they frequent," said Platino developer Jonathan Leib. 

The development comes with shops, dining precinct and community facilities such as childcare services.

Communal spaces include an outdoor pool, gymnasium, BBQ area and sheltered pavilion for entertaining al fresco. Residents-only gardens flow through and above the buildings.

Three colour schemes (Latte, Espresso and Affogatto) were offered by Platino Properties, who has been designing and developing residential apartments on Sydney’s North Shore for over 35 years. 

Tags: 
Development Residential Market

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