Country Garden secures St Leonards amalgamated site

Country Garden secures St Leonards amalgamated site
Country Garden secures St Leonards amalgamated site

The Chinese developer Country Garden has acquired a 10-house site amalgamation in St Leonards South for about $45 million under a put and call option.

The sale was off market through JLL's Sam Brewer and Ben Hunter.

The site is part of the rezoned St Leonards South precinct thats accommodate high-density residential development.

Loftex was one of the earliest buyers of an amalgamated site next to the St Leonards train station.

It is now marketing Embassy Apartments.

Poly Australia and Chinese-backed Adelaide-based developer Greaton, formerly Zhengtang, have also secured sites.

The spree has seen sales of $2 million houses for up to $8 million each.

Country Garden is currently developing over 800 apartments in Ryde Garden at 27-37 Delhi Road, North Ryde (pictured above) across three towers of between 13 and 27 storeys. 

Tags: 
Residential Development St Leonards

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