THE first stage of a $90 million residential project at the Sunshine Coast has been launched today and signalled hope of a property industry reprieve.
Halcyon Landing will add 170 new homes to a 22-hectare site (pictured) near the Maroochy River section at Bli Bli.
Launched today by Halcyon joint managing directors Bevan Geissmann and Paul Melville, the pair perceive the Sunny Coast as a ‘Mecca for retirement’.
“There was a great market response to our (Halcyon Parks at) Caloundra project, which we completed in 2007, so we’ve been eager to be back in this patch and develop a project to meet the new type of retiree seeking a flexible living environment without all the hidden costs that often go with retirement living,” says Geissmann.
“We think we will find a niche, just as we did with Halcyon Parks where only resales are now available.”
Homes in the Landing project’s initial release have an eight-star energy rating with solar panels and a reticulated rainwater system. There is also a communal leisure club, bowling green, tennis court, swimming pool, spa, walking trail and parkland.
Properties are each priced from $369,000 to $550,000 and have already attracted many enquiries.
“The enquiry (volume) has been very strong particularly in light of the difficulties in the broader property market,” says Geissmann.
“We have had a great response to our first release. Most of this interest has come through referral people, who know of the Halcyon world through family and friends.”
Halcyon purchased the site for $4.8 million in 2007 and received development approval from the Sunshine Coast Regional Council in 2011. It secured a $2.1 million grant from Housing Affordability Fund to cover infrastructure and regulatory costs involved with the Landing project.
Sales surpassed $100 million at the developer’s previous Halcyon Parks at Caloundra and Halcyon Waters on Hope Island projects. The company sold more than $180 million in properties across its portfolio of southeast Queensland projects in seven and a half years.
The first homes are due for completion in July 2012.
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