Clarendon Residential Group increases investment in Kooindah Waters

Clarendon Residential Group has shown its confidence in Kooindah Waters Residential Golf Resort and the Central Coast property market, by buying out its joint venture partner in the project.

Clarendon Residential Group will invest a total of $180 million in this major development at Wyong.
“We are delighted to have 100% ownership of Kooindah Waters Residential Golf Resort. This additional investment demonstrates our continued commitment to the success of the project, which has undoubtedly set the benchmark for future residential development on the Central Coast,” said Mr Darren Ingram, Senior Development Manager of Clarendon Residential Group, adding that already nearly 40 homes have been sold.
On completion, 252 homes will be built around the 18-hole wetlands golf course with a stylish resort featuring swimming pools, day spa, gymnasium, tennis courts and restaurant, providing lifestyle benefits.
The resort component is under construction and expected to open in December 2007. Resort accommodation, comprising of 64 suites, apartments and town homes will be sold fully furnished. Investors will receive four weeks use of their investment each year as well as one membership of Kooindah Waters Golf Club.
As well as their range of double-storey homes a range of new, single storey home designs is under construction along Kooindah Boulevard, to be released for sale in November 2007. Homes are priced from $495,000.
Resort accommodation will be available for purchase later in 2007.
Kooindah Waters is owned by Clarendon Residential Developments, a division of Investa Property Group.

Back Send us your comments

Business relocation and expansion consultants