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Sellout a walk in The Parc
Gold Coast Bulletin | 7 February 2009
THE first stage of The Parc, a lifestyle-focused Tugun townhouse community which developer the Sunland Group describes as 'a project for the times', has sold out ahead of its completion.
David McMahon, the Sunland general manager, said half of the 40 homes in the stage had sold to southern Gold Coast buyers.
"This is our debut project at that end of the Gold Coast and we've put a lot of work into it," he said.
"The sales show we've hit the right spot with people in the area."
Mr McMahon said Sunland had completed civil works for the 50-home second stage of The Parc and it was intended to start construction of the first 16 homes by the end of this month.
The Parc is being built on a near seven-hectare site adjacent to John Flynn Hospital and will eventually have 187 homes.
Mr McMahon said it was designed to meet the lifestyle aspirations of today's buyers.
"They want not only quality in designs and finishes, they also want space, privacy, tranquility, and recreation facilities on their doorstep," he said.
"We have come up with a masterplan that provides every owner with a private courtyard which in turn opens on to one of The Parc's six private parks.
"Some of the homes overlook a lake at The Parc's western end, with the lake circled by a walkway and cycle track."
Facilities for residents include a lap pool, swimming pool with jets, steam room, dual barbecue areas, and two lounge areas, one with kitchen facilities.
Mr McMahon said the quick sellout of stage one in part reflected a dire shortage of new townhouses at the southern end.
Prices of the stage-one homes ranged from $415,000 to $509,000.
Mr McMahon said the stage-two homes would carry tags of between $426,000 and $635,000.
"The opening of two display homes in stage one saw an acceleration in buyer interest, which translated into a sales run to both owner-occupiers and investors," he said.
"Many people like to see the finished product, so we expect that spurt in interest to carry over into the homes in the new stage."
The three-bedroom attached homes will all be double-storey, have air-conditioned living areas, and will provide parking for two vehicles.
Interiors will include stone benchtops, natural-gas cooktops, tiled living areas, walk-in wardrobes and ensuites in the master bedrooms, mirrored wardrobes in the second and third bedrooms, and roller blinds.
Sunland, which won Master Builders' Association awards in 2007 and 2008 for townhouse projects Northbridge Residences at Varsity Lakes and Greenvue at Pacific Pines, has another townhouse venture in the pipeline.
The company, subject to council development approvals, hopes to launch a 75-home community at Merrimac by June.
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