Park One's launch attracts off the plan buyers' queue for Macquarie Park offering

Park One's launch attracts off the plan buyers' queue for Macquarie Park offering
Park One's launch attracts off the plan buyers' queue for Macquarie Park offering

Property developer Golden Age secured strong weekend sales when it offered the first stage of its Park One project.

There were long queues for new apartments offered in developer Golden Age's launch of its 408-unit project in Macquarie Park.

Set 18 kilometres north of the Sydney CBD, the 230 first-stage apartments sold out on Saturday.

Around 80 per cent were sold to local buyers – mostly Chinese Australians and residents – and 20 percent to overseas buyers in China, Singapore, Canada and Malaysia. 

"People were snatching, not buying ... the display suite is going to close soon at this rate," Golden Age founder Jeff Xu said while watching on. 

"There's a lot of talk about oversupply but show us where has it fallen?...Some popular areas like North Sydney, the better suburbs, the fundamentals are balanced."

The Melbourne developer's Macquarie Park success has followed its two successful inner city developments in Waterloo and Double Bay.

Park One will feature 409 one, two and three bedroom apartments across two buildings surrounded by 5500sqm of outdoor private parkland.

Jeff Xu, Golden Age managing director said Macquarie Park is fast becoming one of Sydney’s most popular and desirable locations for home buyers.

The display suite is at 80 Waterloo Rd, Macquarie Park.

For more information, click here.

Jonathan Chancellor

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.

Tags: 
Residential Development Macquarie Park

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?