This article is from the Australian Property Journal archive
DEVELOPER Sekisui House has secured more $63 million of apartment sales at the launch the tallest stage of its $1 billion master-planned community The Orchards in Sydney’s north west suburbs.
Among the over 50 sales within the Veue tower at 15-19 Spurway Drive, Norwest was a four-bed luxury penthouse being snapped up for $3.2 million by a local downsizer.
The 53 sales comprised eight one-beds, 38 two-beds, five three-beds and two four-bedroom penthouses. Over 200 people attended the public launch event.
David Lee, sales manager, apartments & mixed-use developments – The Orchards at Sekisui House Australia said over 60% of purchases came from locals, whilst the remainder was mostly spread across 15 Sydney suburbs.
“There was a diverse mix of buyers from owner-occupiers and downsizers to first home buyers and renewed interest from overseas investors from South East Asia.
“It is all about location for them and making the numbers work. The ability to walk to Norwest Business Park and Norwest Metro Station is very appealing to renters. Rental demand continues to soar in Norwest due to supply constraints in this area, which is an attractive proposition for investors,” he added.
He said key aspects that helped secure owner-occupier sales included Veue’s unique design elements, quality finishes and Sekisui House’s local and international reputation to deliver high-end luxury apartments, as well uninterrupted northerly views overlooking Castle Hill Country Club, Norwest Lakes to the south and the Blue Mountains to the west.
“Upsizers and empty nesters looking to downsize and use the equity from their homes to move into a ‘lock-up’ and leave luxury apartment represented several apartment sales.”
Veue will stand across six buildings ranging from nine to 22 storeys, comprising 583 apartments. Crone Architects has created Veue’s residential towers with a vertical green spine complemented by an open landscaped recreational central core.
“Veue’s design vision compliments The Orchards’ natural surrounds with residences maximising connection to the landscape and nature. The green of the gardens is drawn into the resident experience. A sense of wellness is promoted in the design within the wonderful natural environment. A place to return to from the fast pace of the city to a garden setting for which Baulkham Hills is renowned,” said Julian Venning, principal – design at Crone Architects.
Prices start from $840,000 for a 76 sqm internal up to $3.2 million for a four-bed penthouse of 202 sqm.
A wellness centre provides a gym and pool connected directly to the garden, and residents can entertain up to 100 guests within the adjacent communal function centre. A concierge service is also available.
The masterplan, designed by Turner is spread across five stages. When completed, the community will comprise 1,300 apartments.
It is located 800 metres from Norwest Metro train station and 600 metres from Norwest Marketown as well as Norwest Business Park, which currently houses over 30,000 employees.
Construction is expected to start in 2024.
Sekisui completed its Japanese inspired gold-side building Aire at The Orchards a year ago.
