Development of Little Bay Cove begins

HomeGuru.com.my: The development of Sydney’s Little Bay Cove, a joint project between Charter Hall Group and Malaysia’s TA Global Bhd, has started and it will be available for sale in October 2011.TA Global said the Little Bay Cove project covers a land area of 13.6 ha and comprises 570 homes.The RM1.93 billion (A$600 million) project will provide various housing types, such as courtyard homes and apartments, while vacant land lots will also be available.The site is situated at the southern end of the eastern suburbs’ coastline and 14 km from Sydney’s central business district (CBD).The prices for the apartments, courtyard homes and vacant land lots will start from A$475,000, A$980,000 and A$1.2 million respectively.David Southon, Charter Hall Joint Managing Director, noted that the group’s flagship residential project will offer crucial housing diversity to the area.“Little Bay Cove has been designed to answer a need for a sustainable community that offers real housing choice and affordability. With prices from A$475,000 for apartments, we are expecting strong interest in the project.”Meanwhile, Datuk Tony Tiah Thee Kian, Executive Chairman of TA Global Bhd, said that Little Bay Cove signifies a major opportunity for the company to expand its presence in the Australian market, working alongside one of the country’s leading real estate fund managers and developers.“We have been looking to expand our presence in Australia for some time and are delighted to be developing such an exciting new master planned community for Sydney.

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Development of Little Bay Cove begins

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