Solander, Park Ridge – CFMG Capital’s exciting new residential community launched to the market in early 2017 has officially sold out of Stage 1.
Stage 1 at Solander included 55 premium flat allotments, at an average price of $204,000 and with an average size of 432m2. Andrew Thomson, General Manager – CFMG Capital said it was pleasing to see the strong demand in the opening stage of the development, with volume builders, first home buyers and upgraders from surrounding suburbs making up a majority of the sales.
“We launched the project officially in January this year, and despite plenty of initial interest – it was a bit of a slow start to begin with. However, when we secured Development Approval, settled the site and ramped up the on-site presence with the sales office and some signage, interested parties really started jumping on board and the initial interest started converting to deposits and contracts, including 18 executed contracts in April alone”
Operational works approval was recently also achieved and CFMG Capital expect to be on-site with construction commencing in July.
Mr Thomson said “Tree clearing was completed in April/May which really opened up the site and had the local buyers particularly interested, with sales demand in the recently released Stage 2 showing particularly positive signs”
Solander, Park Ridge is a 179 lot residential community perfectly positioned in the growing Park Ridge development area creating a new connected urban lifestyle.
