Arundel Springs proves popular with buyers
National residential developer Villa World has taken advantage of land shortages and high demand for housing on the central Gold Coast with the quick sellout of two stages in its $300 million Arundel Springs project.
A TOTAL of 146 lots have sold at Arundel Springs since their release last year.
The project, undertaken by Villa World features 306 land lots across six stages with stage three almost sold out.
Stage four construction was fast tracked to meet buyer demand, and this is selling fast.
Development manager Kevin Morse said the quality of lifestyle at Arundel Springs had been a standout for buyers.
“Opportunities to purchase premium land on the central Gold Coast are few and far between, and this has led to sales rates which have been quite unbelievable,” he said.
“To see buyers snapping up land so quickly in the first three stages shows us how well developed and located Arundel Springs is.
“The construction of dtage five which comprises 74 lots, has been brought forward and there is a growing waitlist because of the larger more conventional size of the lots.”
Villa World worked alongside Gold Coast City Council to restore the neglected Coombabah Lakelands Conservation Area.
This is now nearing completion and will be made available to Arundel Springs residents as well as the general public.
“Arundel Springs has embraced the restoration of the Coombabah Lakelands Conservation Area, with walkways, bike tracks and viewing decks designed to take full advantage of the natural wetlands backdrop,” he said.
“There is a new park on the horizon in stage five for Arundel Springs, and construction is underway for 87 townhomes on stages seven through to eleven,” Mr Morse said.
Land packages range from 300sq m to 811sq m and are priced from $325,000.
Land buyers at Arundel Springs are also able to appoint their own builder.
The Arundel Springs sales display suite is open daily from 10am to 5pm on Greenacre Drive, Arundel.