Developer Greaton sold 60 out of 129 apartments in Centrale, one of two 17-storey towers planned for its $260 million Oxford Central development in Sydney’s northern suburb of Epping.
Prices for the one-, two- and three-bedroom units ranged from $525,000 to $1.6 million.
“This is an outstanding sales result,” Greaton managing director Nicho Teng said.
Greaton’s Oxford Central sales office was a hive of activity on Saturday with $50 million worth of prime Epping apartments sold within the first two hours.
Auction clearances rose to their highest this year, pushed by a Sydney market in which the rate jumped on lower stock levels.
The national average rate clearance rose to 80.2 per cent, up from 76. 2 per cent last week, CoreLogic’s preliminary numbers showed. In Sydney, the rate rose to 85.6 per cent from 81.4 per cent last week as the number of auctions scheduled fell to 866 from 913.
Melbourne clearances also increased – to 81.8 per cent from 77.7 per cent – as the scheduled number of auctions rose, to 1378 from 1182 last week.
The strength of the market that is pushing prices higher makes a contrast to growing predictions of a glut of apartments and halving in approvals of new units as banks pull financing and developers pull in their horns.
Stage one launch set for Greaton’s $260 million Oxford Central at Epping
Greaton releases to the market stage one in its $260 million Oxford Central project located in the Sydney suburb of Epping this weekend.
Marchese Partners has designed 30 – 42 Oxford Street which comprises 252 luxurious apartments spread across two 17 storey towers, 292 car spaces and 625 sq m of retail on the ground level.
A two storey heritage building located on the site will also be retained and is part of the retail precinct.
David Milton, Managing Director of CBRE and head sales agent for Oxford Central said Greaton was delivering “a boutique quality product to the area which is set to captivate buyers.”
Early next year, 30 timber pews from the Oxford St Uniting Church in Epping will find a new home in the Wesleyan Church on Vava’u Hunga Island, Tonga.
The Uniting Church’s Gordon Herriott has spent the past 18 months seeking out new owners for items including nine stained-glass windows.
Several windows will be used in aged-care facility churches in Leichhardt and Narellan, while two small decorative windows will go to a private home on the North Shore.
A panelled stained-glass window depicting the Last Supper has yet to find a home though Mr Herriott said he was working on its destination.
Early next year, 30 timber pews from the Oxford St Uniting Church in Epping will find a new home in the Wesleyan Church on Vava’u Hunga Island, Tonga.
The Uniting Church’s Gordon Herriott has spent the past 18 months seeking out new owners for items including nine stained-glass windows.
On Saturday, October 22, Greaton will release to the market stage one of its $260 million Oxford Central project located in the suburb of Epping in Sydney.
International award winning architectural practice Marchese Partners has designed the stunning exterior façade and interiors.
Located at 30 – 42 Oxford Street, the structure will comprise of 252 luxurious apartments spread across two 17 storey towers, 292 car spaces and 625 square metres of retail on the ground level. A two storey heritage building located on the site will also be retained and is part of the retail precinct.
Greaton has received development approval for its $260 million Oxford Central project located in the suburb of Epping in Sydney.
Situated at 30 – 42 Oxford Street, the iconic structure will comprise 254 luxurious apartments spread across two 17 storey towers, 292 car spaces and 625 sq m of retail on the ground level. A two storey heritage building located on the site will also be retained and is part of the retail precinct. Over 75 per cent of the apartments will be two and three bedroom with a significant number boasting panoramic views across the city skyline and Epping.
An open air café area and public plaza will feature alongside the Heritage building which fronts the development and will be accessible to the public. Residents will also enjoy large areas of communal open space on the ground level which include recreational and BBQ facilities.
Nicho Teng, Managing Director of Greaton said, “Our vision for Oxford Central is to create a superior urban lifestyle destination for residents. This site was earmarked due to its strategic location in the epicentre of the state government’s plans to invest millions in re-developing Epping Town Centre and major transport infrastructure in the suburb.
Chinese developer Greaton, formerly known as Zhengtang Group, has won approval for its $260 million residential project in Sydney’s northwestern suburb Epping, joining other Chinese players such as Poly and Chiwayland in an area popular with Asian buyers.
The company purchased the 5170sq m site from Australian private developer Grocon in January, for a reported $60m. Greaton has also emerged as the buyer of Grocon’s $700m hotel project The Ribbon, at Sydney’s Darling Harbour.
The Oxford Central project, at 30-42 Oxford Street in Epping, will consist of 254 apartments across two 17-storey towers, as well as 625sq m of ground-level retail space. A two-storey heritage building on the site will be retained to form part of the retail precinct.
“Our vision for Oxford Central is to create a superior urban lifestyle destination for residents,” said managing director Nicho Tent. “This site was earmarked due to its strategic location in the epicentre of the state government’s plans to invest millions in redeveloping Epping and major transport infrastructure in the suburb.”
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