ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Aqualand Forges Into House And Land Development

Screen-Shot-2017-01-18-at-3

Developer Aqualand has appeared to be paving its way into house and land development with the acquisition of a development approved 12.5-hectare land lot at 64 Mackillop Drive, Baulkham Hills, in Sydney's north-west for the religious group, the Sisters of St Joseph, according to The Australian Financial Review.

The 30.91 hectare land parcel was acquired for "close to $90 million," according to the AFR.

The land is DA approved for 71 large residential lots (779sqm* average) and 75 medium density lots, and marketed as an "opportunity to create an exclusive residential community," according to marketing collateral.

Hillsong Church is located close to the site.

Screen-Shot-2017-01-18-at-3.16.19-PM.png

In 2011, a proposal was lodged at the site for a concept masterplan and staged residential subdivision to permit development of 42 apartments, 69 small lot homes, 7 detached homes and subdivision of 77 residential allotments, 1 community lot, 4 public reserve lots and dedication of public roads.

Aqualand's site is 700 metres from the future Norwest Metro station and next to the Norwest business park.

Aqualand's 27-year-old managing director Mr Jim Lin is the son of chairman Mr Yi Lin.

Aqualand is a subsidiary of the Shanghai-based property developer Shenglong, billed as one of China's top 50 property developers. Yi Lin was ranked as China's 92nd richest person on the 2015 Hurun Rich List with a net worth of $3.3 billion.

Lin's mother, Yunhui Lin, purchased the family home in 2010 in Waverton for $8.5 million which set a suburb record that still stands.

Images: Domain 

ADVERTISEMENT
TOP STORIES
CONTRIBUTE TO THE CONVERSATION
Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: https://https://theurbandeveloper.com/articles/aqualand-forges-into-house-and-land