MELBOURNE: Australian developer R Corp Pte Ltd launched its Melbourne project, The York, in Hong Kong last month.
“The Asia launch will offer interested buyers an exciting opportunity to live in one of Australia’s most vibrant and emerging neighbourhoods. With The York’s combination of spectacular interior and landscape design, exquisite detail, excellent location, and world-class services and amenities, we expect to see strong interest coming from [the Asia] region,” said sales manager Christopher Moreira.
The A$140 million (RM408 million) project will feature 315 units of 1- and 2-bedroom apartments across four blocks on a 1.8 acre (0.728ha) piece of land in West Brunswick, Melbourne. The prices start from A$379,500 for a 1-bedroom, 1-bathroom unit, while a 2-bedroom, 2-bathroom unit starts from A$700,000. The built-ups range between 45.5 sq m (489 sq ft) and 117.7 sq m. To date, one out of the four blocks has been sold.
The development will be completed in two phases. The first phase will feature 175 apartment units while the second phase will feature 140 units. The former is slated for completion in mid-2016 and the latter in mid-2017.
All apartments include a secure car park, storage and bike racks. It is adjacent to a 1.4 acre park and 6km from the Melbourne city centre.
“We have a proud heritage of iconic residential sites in Melbourne from which we can draw on our experience. It gives our buyers confidence that we are delivering another quality, well-designed address in a unique and tightly held locale,” Moreira said.
Amenities within walking distance include two tram lines, two train lines, a bus stop, cafés, and a supermarket. Transport takes residents directly to University of Melbourne, Monash University, Melbourne Central and shopping precincts.
A scenic hike and bike path directly to the city is 100m from The York. It enables residents to cycle to work in the central business district.
This article first appeared in The Edge Financial Daily, on January 23, 2015.
TOP PICKS BY EDGEPROP
KEPONG NEW LAUNCH (Next To KTM, MRT & Shopping Mal
Batu , Kuala Lumpur
Freehold 2 Storey Landed @ Salak Perdana
Double Storey Bungalow in Janda Baik
Three Storey Bungalow with Lakeview in Putrajaya
FREEHOLD 2.5-Storey Bungalow in Putrajaya
Semi detached house for rent in Damansara Utama
Petaling Jaya, Selangor
SOLARIS & PUBLIKA (HIGH RENTAL YIELD)
Mont Kiara, Kuala Lumpur
SOLARIS & PUBLIKA DUPLEX LAYOUT (Ready 2020)
Dutamas, Kuala Lumpur