In a significant move for the transformation of Belmont Park Racecourse in Perth, approval has been granted for a $150 million, two-tower development on the Burswood peninsula, spearheaded by Golden Sedayu as part of its $3.8 billion project. The development, a cornerstone of the larger Burswood Point plan, aligns with the vision to establish the area as a prominent tourism and entertainment hub.
The Joint Development Assessment Panel has given the green light to the 26-storey and 18-storey towers, boasting a total of 200 apartments, shops, and a restaurant. The design aligns seamlessly with the broader plan, which encompasses 4500 homes, 90,000 square meters of office and retail space, and an expansive 110,000 square meters of public open space along the Swan River foreshore.
A notable aspect of the Golden Sedayu Perth project is its integration with a major sporting and entertainment precinct, making it a rare and sought-after addition to the market. The approval marks a significant milestone in Golden Sedayu’s extensive Burswood Point plan, which has been meticulously crafted over several years.
In the evolving landscape of Australian apartments, a notable trend has been reshaping buyer preferences recently. Unique sporting views, waterfront vistas and premium amenities have become the new benchmarks for discerning buyers. Queenslands capital Brisbane has been leading the charge in this transformative shift. Mirvac’s Ascot Green, boasting panoramic views of the iconic Eagle Farm Racecourse, and Sarazin’s visionary Silk Lane Project, offering direct vistas into the future 2032 Brisbane Olympics Stadium, epitomize this demand. Silk One, the inaugural tower in the Silk Lane precinct, has already proven its success, underscoring the increasing allure of amenity-rich living experiences in the Australian property market.
As the apartment market in Australia matures, the resonance of these distinctive projects is becoming more pronounced. The fusion of residential comfort with the thrill of sporting events has struck a chord with sophisticated buyers. The trend towards amenity-driven living is not just a passing phase; it’s a redefinition of modern living, where the home is not merely a space but an experience that caters to the evolving preferences of today’s discerning clientele.
The first tower development approval, consisting mostly of two-bedroom apartments, also includes one and three-bedroom options, along with five luxurious penthouses. Complying with state requirements, ten apartments will be dedicated to affordable housing, further enhancing the project’s societal impact.
The project aspires to achieve a remarkable five-Green Star rating, with a focus on sustainable features such as solar power, communal gardens, bike storage and repair facilities, a playground, gym, and a pool. Golden Sedayu Managing Director, Andrew Sugiaputra, expressed gratitude for the approval, emphasizing the proactive engagement with authorities throughout the design and development process.
Sugiaputra hailed the collaborative efforts of the dedicated team members, Town of Victoria Park officers, and the design review panel, all working towards optimal outcomes for prospective residents and the broader Perth community. He has previously positioned this development as one of the largest urban projects in Australia, and the most ambitious mixed-use redevelopment in Perth, estimating a substantial economic injection and job creation over the next decade.
With $80 million already invested in site works into Golden Sedayu Perth, including access roads, waterworks, sewer pump stations, bulk earthworks, and a new bridge connecting Victoria Park Drive to Burswood Point, Golden Sedayu is gearing up for the sale of the first homes and apartments in early 2024. The approval sets the stage for a transformative and dynamic addition to the Perth property development landscape.
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