Chinese-based developer Dahua Group, one of the biggest land holders in Sydney’s south-west, has moved ahead on its $350 million masterplan south of Wollongong.
Civil and subdivision works have commenced on the 90-hectare site, located in Illawarra region, which is set to comprise of 500 new homes, four parks and a sports field.
Dahua Group, which has rapidly built up a large pipeline of land and apartment projects in Sydney and Melbourne since entering the market, is chaired by real estate mogul Jin Huiming and family.
The company's latest venture, dubbed 1881 Tullimbar, was purchased from Miltonbrook in 2017 and is 25 kilometres from Wollongong and 100 kilometres from Sydney’s CBD.
Dahua Group development director Kith Clark highlighted the importance of the project, which would be the company's third major masterplanned community in New South Wales.
“It has taken us two years to reach this significant milestone,” Clark said.
“Many jobs are being created for local businesses before, during and after construction.”
The developer has partnered with Western Earthmoving, an established earth moving company with over 30 years of experience in the Illawarra region. Completion of the estate is expected in 2023.
The group bought the 89-hectare New Breeze land parcel from Landcom in 2015 and is now planning to construct 1,264 new homes at the $1 billion masterplanned community
At its 364-hectare Menangle Park masterplan, Dahua has put forward plans for 5,000 homes within high-density buildings up to eight storeys as well as a new town centre.