Chinese-backed developer Country Garden Australia's premier project located in Sydney’s North Ryde has officially reached completion and will soon welcome 2,500 new residents.
The development, dubbed Ryde Garden, will mark the Hong-Kong listed company's first project in Australia after purchasing the site in 2013.
The $580 million triple-tower residential project will include 830 apartments as well as parking for 730 cars and 336 bikes, a private 30-metre lap pool, gymnasium, childcare facility, street level retail and concierge.
The 17,580sq m site is positioned within the North Ryde Station urban activation zone, and will include a 4,000sq m park at the centre of the residential towers.
The Bates Smart-designed high-rise project will now welcome residents to the first of three towers, with settlement of the other two towers recently announced.
“We are extremely proud of this project, especially given it’s our first in Australia,” Country Garden Australia chief executive Guoto Hu said.
“It’s proof of our capabilities in delivering masterplanned communities that locals are proud to call home.”
Construction of Ryde Garden commenced in May 2016 with national contracting group, Watpac, delivering the expansive residential development.
Watpac managing director Martin Monro said the group was delighted to have been part of Country Garden Australia’s first project.
“The construction process required disciplined project management capabilities, given at its peak 550 workers were working on site each day, contributing to a monthly turnover of around $21 million,” Monro said.
“The complexities of building three towers in a two and half year period required meticulous planning and engagement.”
Country Garden, known for its large-scale house and land communities featuring major infrastructure and amenity, recently commenced construction on its mega 4,700-lot Windermere project outside Melbourne.
Country Garden acquired the 366-hectare Windermere site in a record $400 million deal in 2017.
The developer has sold 260 lots to date at Windermere, which has an estimated $1.9 billion end value.