- 21 August 2017
NATIONAL residential developer Villa World is experiencing a surge in sales at its Sienna Rise development in Victoria with the first stage close to sold out since launching to the market in late May.
Villa World has revealed it has sold 95 per cent of the 74 lots in the first stage, pushing the 251-lot staged development at Plumpton closer to a third sold in a little over two months.
The stellar sales run has triggered the release of stage two, which launched to the market at the end of June and has since seen over 50 per cent of the release sold.
The sales have been dominated by first home buyers and downsizers.
Villa World Victoria state manager Andrew Ashwood said he is delighted with the market response to Sienna Rise.
“We have seen an incredible appetite for lots from the outset which is a clear sign of the ongoing strength of demand for land in the north-west growth corridor,” Mr Ashwood said.
“In July we recorded 40 signed contracts and from what we have seen, this pace of sales is unlikely to slow down any time soon.”
Sienna Rise was swamped by property buyers within minutes of releasing the project to the market in May, with buyers snapping up 22 of the 25 lots on offer in just two days.
“We had secured 11 sales in the first 45 minutes of the launch, and by the close of business on day two, 22 of the 25 lots in the first release had been sold,” Mr Ashwood said.
“Some of the buyers even camped in their cars overnight to be among the first to secure a homesite within the project.
“The pricing at Sienna Rise is competitive compared to similar properties at other developments in the local market, so buyers took extraordinary steps to lock in a contract.”
Sienna Rise buyers are spoilt for choice with an array of prestige homesites on offer alongside the choice of land, builder and home design.
Homesites range in size from 294sqm to 521sqm and are priced from $272,000.
On completion, Sienna Rise will feature a community park spanning the length of the tree-lined neighbourhood.
Home owners will be within five minutes of major retail, schools and leisure facilities and close to public transport.
Sienna Rise is proving to be the perfect place to raise a family with eight schools located within six kilometres and five childcare centres within seven kilometres.
The development has direct main road access to both Melbourne Airport the CBD.
Sienna Rise is located at 921 Taylors Road, Plumpton.
For more details visit www.villaworld.com.au.
FOR MORE INFORMATION CONTACT NICK NICHOLS AT MEDIA HUNT COMMUNICATIONS ON (07)5520 7955.