09 Nov 2017Company News
Residential site acquisition
Jinding has secured a 94-hectare development in Armstrong Creek. It is located 10 kilometres from the centre of Geelong and 16 kilometres from the coastal town of Torquay.
The master-planned community will include 4.9-hectares of parkland, 4.6-hectares of waterways and 9.8-hectares of conservation areas. The development will feature a wide selection of land sizes for first home buyers and growing families.
With frontage onto Barwon Heads Road, the Armstrong Creek development will be located directly across from the Warralilly Neighbourhood Activity Centre which will comprise Woolworths and Aldi supermarkets, specialty stores, cafes, restaurants and a gymnasium. It will also be a short drive to a choice of schooling options and The Greater Geelong Community Wellness Centre will become the hub for the local neighbourhood.
The development will be jointly project managed by Jinding and noted Western Australian developer Yolk Property Group.
The Junction Village development, adjoining the suburb of Cranbourne, will be Jinding’s first residential community in Melbourne’s popular south east corridor. It is a 29-hectare site with a permit for 311 land and housing allotments. Providing a unique offering to purchasers, lots will range in size up to 1,500 square metres with over 25% of the allotments 600 square metres or larger.
The community will include 1.46-hectares of waterways, 2.78-hectares of pedestrian links and 1.11-hectares of recreational open space. It will border Cranbourne’s Royal Botanic Gardens featuring 363-hectares of heathlands, wetlands, walking trails and picnic areas.
Jinding Real Estate Managing Director Steven Lai, commented that the purchase of these two new residential communities is a significant milestone for the business and will increase Jinding’s development portfolio to over $1.3 billion. It is anticipated that both developments will be released to the market in the fourth quarter of 2018.