Golden Sedayu reveal $3.8 billion Burswood Point masterplan on Perth's
Perth-based developer Golden Sedayu has revealed its ambitious plans for the highly anticipated multi-billion-dollar transformation of Burswood Point.
The $3.8 billion dollar mega project will transform the peninsula with 4,500 residential apartments as well as office and retail space.
The project is set to inject more than $10 billion into the state’s economy and generate 25,700 West Australian jobs over the next 10 years.
Managing Director of Golden Sedayu Andrew Sugiaputra said after years of careful planning, he was thrilled to reveal their vision for this city-defining project.
“At 38 hectares, Burswood Point is one of the largest urban development projects ever undertaken in Australia, and certainly the most ambitious mixed-use redevelopment currently underway in Perth,” Sugiaputra said.
“With its dress circle position across from the Perth CBD, Burswood Point is set to become a destination in its own right – home to a range of premium tourism and recreational facilities, including markets, riverside parks, a shopping centre and luxury hotel."
Golden Sedayu, a partnership between Perth’s Golden Group and one of Indonesia’s largest property corporations Agung Sedayu, has also allowed for 110,000 sqm of public open space, larger than Langley Park. The project has over 2.5 kilometres of Swan River foreshore.
“Our plans include the delivery of a range of parklands, beaches, playgrounds, and active recreation spaces that will be made available to the en-re community."
Golden Sedayu has already completed $80 million in siteworks including access roads, water works and sewer pump station, bulk earthworks importing more than 300,000 sqn of sand, road works, and a new bridge connecting Victoria Park Drive into Burswood Point.
“Over the past few years, we have been busy preparing the site, building infrastructure and finalising our plans in conjunction with the State Government and the Town of Victoria Park,” Sugiaputra added.
“Approvals have already been secured for the precinct plan and for construction of 74 luxury riverside homes."
Already lodged with council are development applications for two premium apartment towers with 206 apartments and four retail tenancies on the north of the site. Another application for two more towers due to be lodged later this month.
“The sheer size of Burswood Point means this development will take more than a decade to deliver in full.”
The first homes and apartments will go on sale early in 2024, with the remainder of the Burswood Point development released as approvals are granted.
