)
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.
Enjoyed this article?
Don't miss out on the knowledge and insights to be gained from our daily news and features.
Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.
Support independent journalism and stay informed with stories that matter to you.
)
)
)
)
)
