Melrose Park Receives Final Development Approval

The Sydney suburb of Melrose Park will get its first shopping village including a supermarket after receiving City of Parramatta Council development approval.

The final stage of the popular Melrose Park project, known as Melrose Park Village by Sekisui House, will include a 1,000 square metre retail village with a supermarket, liquor shop and pharmacy. The stage will also include six buildings with 411 apartments which overlook a 4,000 square-metre private park. Sekisui House Project Director Simons Adams said the retail village would be a great addition for not only people moving in but also the local community. ‘’Our research shows that there is strong demand for retail in the area, with locals currently having to travel to shop,’’ Mr Adams said. “For residents moving into Melrose Park, it will add a higher level of convenience and for existing residents a new retail option.’’

The Melrose Park project has bucked the property trend with more than 600 apartments sold over the first three stages. The first stage known as One Melrose at the corner of Wharf Road and Victoria Road is complete, with residents currently moving into their new homes. The second stage, known as The Residences, has topped out and the internal fit-out is well-underway, while work has recently started on Stage 3 – Pulse & Pavilion.

Boston Sales and Marketing Director Rhys Morgan, who is selling Melrose Park Village on behalf of Sekisui House, said there was strong interest in the latest stage. “Melrose Park Village is the landmark stage, with its retail component and private park,’’ Mr Morgan said. “The convenience of retail at your door-step is a drawcard for both owner-occupiers and investors. “There is renewed strength in the market with low interest rates and government grants proving attractive, particularly for first home buyers.’’

Mr Morgan said buyer feedback to date included:

• Opportunity to buy early into Sydney’s biggest urban renewal project
• Proven strong sales results in Stages 1 to 3
• A Developer with a proven, long-term track record in delivering high-quality developments
• Award-winning design by architects AJ+C
• Affordably priced apartments
• A location benefiting from significant infrastructure investment.

Melrose Park is part of a much bigger urban renewal which includes a further 5000 apartments, parklands, retailing and community facilities. Melrose Park Village will go on sale early next year, with construction due to start later in the year.

About Sekisui House

Founded in 1960, Sekisui House is one of world’s largest homebuilders and an international diversified developer, with cumulative sales of nearly 2.5 million properties. Based in Osaka, Sekisui House has over 27,000 employees globally and is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange.

Sekisui House aims to create homes and communities that improve with time and last for generations. With “Love of Humanity” as its Corporate Philosophy, Sekisui House believes that homes should offer comfort, security and peace of mind for residents, while maintaining harmony with the environment and its surroundings. Sekisui House has sustainability as a core corporate target and is now the global leader in the construction of net-zero-energy homes with more than 50,000 built since the product was launched in 2013. In 2009, Sekisui House expanded into several new international markets and now operates in the United States, China, Singapore, Australia and the United Kingdom.

In Australia, Sekisui House is firmly established as a leading residential property developer and home builder, with an accomplished track-record in delivering master planned communities covering greenfield development, home construction, high density and mixed-use development. In 2019, Sekisui House celebrated its ten-year anniversary in Australia, while also marking the milestone of delivering over 10,000 properties to Australian families. Including future pipeline, Sekisui House Australia’s total projects are valued at over A$18 billion.

For more information on Sekisui House, please visit sekisuihouse.com.au