Golden Age

Australian developer <a href="https://www.urban.com.au/developers/golden-age-group">Golden Age</a> has recorded over $40 million in sales for its recently launched Box Hill South project, <a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>.

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard.

Located at <a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">15 Hay Street</a>, <a href="https://www.urban.com.au/developers/golden-age-group">Golden Age</a>, together with Cox Architecture, has developed a residential masterplan that will see the delivery of 143 townhomes and provide 13,000 sqm of dedicated green space.

The majority of purchasers have been families aged in their mid 30s to 40s looking for properties within the <a href="https://www.urban.com.au/new-townhouses/box-hill-south-vic">Box Hill</a> school zone, as well as individuals in their mid 20s to mid 30s looking to upgrade their lifestyle from smaller apartments and townhomes.

[smartcode_project:default project_id=104627 project_image_fid=222319]

As the cost of living continues to climb, purchasers are looking for features that will help them to save on energy bills and improve their carbon footprint. <a href="https://www.urban.com.au/developers/golden-age-group">Golden Age</a> has factored in a variety of sustainability initiatives into the luxury townhomes, including rooftop solar panels, provision for fast EV charging, energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, to name a few.

Residents will also have access to an abundance of green open space for exercise and immersion in the natural surrounds.

[smartcode_project:default project_id=104627 project_image_fid=222321]

<a href="https://www.urban.com.au/developers/golden-age-group">Golden Age</a> Chief Investment Officer Bing Chen said Golden Age’s vision is to dream, plan and deliver the most exciting housing communities within <a href="https://www.urban.com.au/new-townhouses/box-hill-south-vic">Box Hill.</a>

“<a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> is one of the most significant developments within the booming suburb and it delivers a visionary, enduring, future-ready lifestyle through a dedication of weaving environmental sustainability into each and every home. It was important for these townhomes to be sustainable without compromising on luxury, offering a blueprint for a greener and more sustainable future.”

[smartcode_project:default project_id=104627 project_image_fid=222322]

The project also embodies urban design principles that aim to reintegrate the site back into its surroundings, complementing the existing fabric and making a positive contribution and lasting legacy for the neighbourhood and its local community.

The well-considered townhomes, with interiors by leading interior designer MIM design, range in size from three-bedroom to four-bedroom with two premium colour schemes available.

The <a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> site was formerly home to Hays International College and is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

[smartcode_project_cta:default project_id=104627]

Since launching to market last month, over 60 per cent of Stage 1 townhomes have been snapped up, with the project’s cost-saving sustainability measures a key drawcard

Joel Robinson

Golden Age secure $40 million in sales at nature-fuelled Box Hill South townhouse development, Wembley Hill

Australian developer Golden Age Group has received&nbsp;council approval for its residential <a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a> project in Box Hill South and on a site in excess of 50,000 sqm, is one of the most significant developments within the booming suburb.

Formerly home to Hays International College, 15 Hay Street is positioned next to Wembley Park, Box Hill Soccer Club, Box Hill Golf Club and the Gardiners Creek Trail.

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space.

[smartcode_project:default project_id=104627 project_image_fid=222320]

Golden Age aims to create a development that supports and future-proofs an inclusive, sustainable and multi-generational living for its residents. The development addresses its suburban and natural context sensitively, proudly celebrating its neighbourhood and enhancing its natural landscape.

The townhomes, with interiors by leading interior designer MIM design, will range in size from three-bedroom to four-bedroom with two colour schemes available.

[smartcode_project:default project_id=104627 project_image_fid=222322]

Golden Age Founder Jeff Xu said <a href="https://www.urban.com.au/new-townhouses/wembley-hill-15-hay-street-box-hill-south">Wembley Hill</a>&nbsp;puts families and the community at heart.

“We have spent considerable time researching and understanding what the Box Hill community needs and wants and we appreciate the economic diversity of Melbourne’s east, which is why this project will not only provide beautifully designed townhomes but will provide a space for the community celebrating intergenerational living.

“We will deliver an array of residential amenities, complemented by gardens and playgrounds in a secure neighbourhood that is ideal for raising families. It will be a highly connected site, where residents can enjoy generous walking paths along the Gardiner Creek Trail.”

[smartcode_project:default project_id=104627 project_image_fid=222343]

The site’s tree-lined boulevards will draw residents in and connect all homes in a carefully curated community, with landscaped pathways and green links making the site highly accessible and welcoming for residents. Over 13,000 sqm of the site is dedicated to green open space for families, for exercise and immersion in the natural surroundings.

With a focus on sustainability, all residences will enjoy and benefit from a range of energy-saving design initiatives such as energy-efficient heating and cooling, filtered rainwater connection to irrigation and utilities, rooftop solar panels and the provision for fast EV charging. 
 
[smartcode_project_cta:default project_id=104627]

In collaboration with COX Architecture, Golden Age has developed a residential masterplan that will see the delivery of 143 townhomes and provide almost half of the site as dedicated green space

Golden Age secure approval for Wembley Hill, Box Hill South townhouse development

The Melbourne developer Golden Age Group is pushing ahead with its 21-storey tower in the Queen Victoria Market precinct.

Golden Age, led by founder and managing director Jeff Xu, has just received the green light to develop the Bates Smart-designed project&nbsp;at 432-450 Queen Street.

Some 143 apartments will be spread across the tower, which will also home&nbsp;two levels of retail, a roof terrace on level five,&nbsp;and extensively&nbsp;residential amenity.

Respecting the site&rsquo;s historical context, the approved plans will see the existing Queen Victoria building on the site carefully restored and integrated into the development.

<a href="https://www.urban.com.au/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000">To track this development and be notified when it&#39;s for sale, enquire here.</a>

The project, known as 450 Queen Street, was endorsed by the City of Melbourne in June last year, with Pla​nni​ng Minister Richa​rd Wynne recently giving the nod of approval. Bates Smart Director Julian Anderson said the project has been designed with the residents, visitors and market community in mind by providing engaging spaces to live, work an​​d play.

<a href="https://www.urban.com.au/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000"><img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/450_queen_main.jpg" width="1200" /></a>

&ldquo;We have taken great care in designing an enduring and well-crafted addition to this neighbourhood, respecting the site&rsquo;s historical context while being mindful that this development will have a role in shaping the future character of an evolving and diverse urban fabric.&rdquo;

Carefully selected masonry will be applied to podium forms to complement the existing Queen Victoria building, while the retail ground plane will incorporate vitrine windows as a contemporary interpretation of shopfronts around the market precinct.

A triple-height north-facing atrium will complement Munro Square, providing natural light and activity to the lower and upper ground retail tenancies.

<a href="https://www.urban.com.au/new-apartments/450-queen-street-450-queen-street-melbourne-vic-3000">To track this development and be notified when it&#39;s for sale, enquire here.</a>

Jeff Xu said receiving approval was a fantastic start to 2022.

&ldquo;Receiving approval is a reflection of the level of confidence the State Government has in us as co-developers of this city,&quot; Xu said.

&quot;The project is located in a significant area of the Queen Victoria Market precinct and we&rsquo;re excited to develop a project that will further contribute to this ever-evolving pocket of the city.&rdquo;

Around 10 per cent of the residences will also be offered as affordable housing as a means of ensuring an equitable provision of housing is made available.

Some 143 apartments will be spread across the tower, which will also home two levels of retail, a roof terrace on level five, and extensively residential amenity

Golden Age receives green light for Queen Victoria Market tower on Melbourne's Queen Street

Sky Garden is the recently completed residential complex located above The Glen shopping centre in Melbourne&#39;s Glen Waverley.

Golden Age wanted Rothelowman to create three distinctive buildings of three different characters, based of five natural elements.

Urban recently sat down with Rudy Darmawan, senior associate at Rothelowman, to discuss the project.

JR: What was the design brief for Sky Garden?

RD: The proposed development will be a key landmark for The Glen shopping centre and the greater Glen Waverley precinct.

A designated principal activity centre, Glen Waverley has the infrastructure and amenities necessary to support significant development in line with the planning objectives of the City of Monash.

[smartcode_project:default project_id=2881 project_image_fid=148774]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.

JR: Was there a previous project in particular you took design inspiration from?

RD: The highly contextual response takes design cues from its surrounds.

The urban forms respond to their immediate surrounds, adjacent buildings and contextual boundaries through controlled urban gestures, setbacks and interfaces.

[smartcode_project:default project_id=2881 project_image_fid=148761]

The architecture is clean, contemporary, reflective and vibrant. Each tower draws inspiration from one of three natural elements: Gold, water and fire. The organic composition generates a calm, restrained outcome that contrasts with the varied,active landscapes and streetscapes of the surrounding precinct.

JR: What was the biggest challenge when conceiving the design of the building?

RD: The complex interfacing with the existing active shopping centre, and the compressed programme.

JR: What part of the project were you most looking forward to seeing when the development was completed?

RD: We believe the future evolution of our cities will see developers further embrace the untapped potential of projects like Sky Garden that integrate retail and entertainment precincts.

It means people can shop and be entertained right below their apartment. To live above projects, like The New Glen Shopping Centre, is an opportunity that very few people will come across in the short term.

From a design perspective, these are interesting developments. There is a lot of complexity in the design as the servicing, access and exits of various uses need to be separated. The success of this kind of project is contingent on the quality of the design and the convenience and value it offers. Consumers will make their choice based on these attributes.

[smartcode_project:default project_id=2881 project_image_fid=148765]

The collection of buildings is visually elevated above The New Glen Shopping Centre and is architecturally designed to be collegial, yet each possessing its distinct character; similarly detailed and distinguished by fluid forms, modulation and colours.

Each building has been expressed as a sculptural form that has evolved and been contextualised to hold a symbiotic relationship with the movement of the podium forms, context and greater retail precinct. This consideration extends to each of the ground floor entry lobbies, the design of which relates to the curvature and materiality of each corresponding tower.

The sculptural shapes of the buildings are designed to be appreciated when seen up close as well as from a distance. Their colours have been inspired by the changing hues of the sky.

The colours respond to the skyline, the sun rising in the Dandenongs to the east to the sun setting to the city in the west. The eastern-most tower is a burnished bronze, the western-most tower is a sunset blush and the central tower is an indigo blue, picking up on the sky during the day.

[smartcode_project_cta: project_id=2881]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.



The design details: How Rothelowman designed Glen Waverley's Sky Garden

Residents of Golden Age Group&#39;s Sky Garden apartment development in Glen Waverley will have access to a resident-only rewards program.&nbsp;

The concept was introduced upon settlement in a bid to support retailers following the extended lockdown Melbourne.

The customised app gives residents a reward program for retail outlets in The Glen shopping plaza, located beneath the recently completed development designed by Rothelowman where 536 apartments sit across three towers.

[smartcode_project:default project_id=2881]

The offers range between&nbsp;discounts at homeware&nbsp;stores to bulk-billed in-home clinic vists from the local medical clinic.

The Glen underwent a $430 million redevelopment&nbsp;in 2019 and now homes a mix of 240 shops and eateries.

<a href="https://www.google.com/search?q=sky+garden+urban&amp;oq=sky+garden+urban&amp;aqs=chrome.0.69i59j69i60l3.7044j0j9&amp;sourceid=chrome&amp;ie=UTF-8"><img alt="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sky_garden_glen_waverley.jpg" width="1600" /></a>

There are only around 75 apartments left in the 536 apartment tower, with prices starting from $498,000 for one bedroom apartments and $668,000&nbsp;for two bedroom apartments. Three bedroom apartments are priced from $1,118,000.

There&#39;s a 4,000 sqm private garden located above the plaza which features fitness and play areas, a bar, lounge and a dining space.

Residents will also have communal gaming rooms, private cinema and media rooms, a fully equipped gym, heated lap pool and a sauna and steam room.

Residents of Golden Age Group's Sky Garden apartment development in Glen Waverley will have access to a resident-only rewards program 



Glen Waverley's Sky Garden offering residents unique reward program

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Having secured a permit for a commercial development at 200 Victoria Parade, East Melbourne, joint venture partners <a href="https://www.urban.com.au/developers/time-place">Time &amp; Place</a> and <a href="https://www.urban.com.au/developers/golden-age-group">Golden Age Group</a> have launched the $280 million project as <a href="https://www.urban.com.au/projects/victoria-place-200-victoria-parade-east-melbourne">Victoria Place</a>.

Designed by <a href="https://www.urban.com.au/architects/fjmt">FJMT</a>, Victoria Place comprises approximately 26,000 sqm of net lettable area (NLA) and includes world-class end-of-trip facilities, a sky terrace, expansive city views and a collection of retail, café and associated amenities. The development team engaged FJMT for the project based on its expertise in delivering high-quality commercial developments such as 200 George Street and Liberty Place in Sydney.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/time_and_place_200victoriapde_balcony_render_sr.jpg" rel="gallery-all" title="Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/time_and_place_200victoriapde_balcony_render_sr.jpg?itok=APcOeKUx" title="Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place" width="580"></a>

<figcaption>Victoria Place has been designed with tenant well-being at the forefront. Image: Time &amp; Place</figcaption></figure>Time &amp; Place Property was founded by experienced developer, Tim Price in early 2015 and has grown to now manage more than $3.5 billion worth of projects across the eastern seaboard. With Victoria Place, Time &amp; Place celebrates its 8th venture in property development, with more than 18 projects already under management.

Golden Age Group’s diverse development portfolio of residential and commercial has an estimated value of $4.2 billion with another $1.5 billion worth of projects in the pipeline. The developer is responsible for Melbourne CBD’s tallest residential building - <a href="https://www.urban.com.au/buildings/victoria-one-452-472-elizabeth-street-melbourne">Victoria One</a>, the world’s fourth slimmest building - the under construction <a href="https://www.urban.com.au/projects/collins-house-melbourne-466-collins-street-melbourne">Collins House</a>, and <a href="https://www.urban.com.au/projects/no-85-spring-street-85-spring-street-melbourne">85 Spring Street</a> - currently at sales.

Upon completion, Victoria Place will provide a focus on wellness, targeting a 5-star Green Star office design, a 4.5-star NABERS (National Australian Built Environment Rating System) and 4.5-star WELL™ rating by the International WELL Building Institute; including fitness and lifestyle amenities such as 160 bicycle spaces, 22 showers, 308 lockers and a bike repair station.

According to Golden Age Group, the CBD’s historic low commercial vacancy rates and tightening of lending to residential buyers had created a favourable environment for the developer to focus on expanding its commercial portfolio. Time &amp; Place expects Victoria Place to "(raise) the bar for workplace design in Melbourne", via leading sustainability and productivity amenities.

Colliers International are managing the sales and leasing campaign, noting the strength of the East Melbourne commercial market is on the rise. An Expression of Interest process has been launched with more information available at: http://www.victoriaplace.com.au/

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/time_and_place_200victoriapde_foyer_render_sr.jpg" rel="gallery-all" title="Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place"><img alt="" class="image-article-full-width-580px" height="416" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/time_and_place_200victoriapde_foyer_render_sr.jpg?itok=mamdoRpo" title="Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place" width="580"></a>

<figcaption>Victoria Place's expansive, light-filled lobby. Image: Time &amp; Place</figcaption></figure><h2>What they say...</h2>

<blockquote>
The building offers natural light on three sides across generous floor plates between 2,100sqm and 2,750sqm. The lift core and floor plate are designed to allow for customisation, modern activity-based workplace designs and inter-floor vertical communities.

The site is positioned at the entry post from East Melbourne to the CBD, with the picturesque Fitzroy Gardens and the vibrant northern suburbs at its doorstep. It also boasts prime connections to public transport with a tram stop at the front door and Parliament Train Station a short five-minute stroll away.

The building will also be in the unique position to offer extensive car parking in a three-level basement accessed from Lansdowne street frontage. With the CBD on one side, the best of Fitzroy’s food on the other and direct access to the city’s best parks and gardens and the MCG sporting precinct, this is arguably the best office location in the city.

- Tim Price, founder and director of Time &amp; Place
</blockquote>

 

<blockquote>
We are proud to be co-developing alongside long-time collaborators Time &amp; Place on this benchmark project for Melbourne workplace design. As a nimble developer, we can quickly change our approach based on the strongest asset class at the time. As the conditions become favourable in the commercial market, we have moved quickly to solidify our position.

- Jeff Xu, Golden Age Group founder and managing director
</blockquote>

 

<blockquote>
The tightening office availability in the CBD speaks for itself. Further, the number of enquiries we have received has almost tripled for East Melbourne when comparing June YTD 2018 data to June YTD 2017; and we’re seeing almost 10 times more interest in terms of the amount of space asked for, due to larger requirements in the market and a desire to be situated on the literal CBD fringe.

- Andrew Beasley, Colliers International
</blockquote>
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Laurence Dragomir

Time & Place and Golden Age launch Victoria Place in East Melbourne

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Golden Age boss Jeff Xu has sold his Melbourne laneway building for $14.5 million.
McKillop House, at 12-14 McKillop Street between Bourke Street and Little Collins Street, was bought by the Mantzis family, operators of Sleepeezee Bedding and other furniture businesses.
It comprises a freestanding, five level Manhattan-style building over 1706 square metres featuring bespoke floors of 250 square metres and large industrial style windows.
The 361 square metre corner site has 22 metres frontage.
Xu paid $11.5 million for the property in September 2015.
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j.ballantyne1990-6AQqhLzZaK

Golden Age's Jeff Xu sells Melbourne laneway building

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Golden Age Group has recently launched the website for its Sky Garden Residences, to be developed above airspace as part of The Glen redevelopment project. City of Monash initially approved plans for the $500 million redevelopment of The Glen shopping centre in Glen Waverley in 2015.

Key features of The Glen redevelopment include:

<ul>
<li>an expansion of the retail centre across the existing car park in Springvale Road, Glen Waverley</li>
	<li>three apartment towers above the retail podium, with the highest being 20-storeys</li>
	<li>a new public square at the entrance to the shopping centre, with cafes and restaurants creating a cosmopolitan connection between Kingsway and The Glen.</li>
</ul>
In November 2016, Council approved an amended permit for the residential towers at 235 Springvale Rd, Glen Waverley which was once again amended and approved in January 2018. 

Key aspects of the proposed amendments relate to modification of the overall massing, layout and mix of residential apartments of Building A, (Signature Building), B (Urban Building) and Building C (Kingsway Axial Building). 

Each building will increase in overall height by 1m and will adopt a new facade treatment to what was originally approved.

The revised plans prepared by RotheLowman include an additional 89 car spaces and the provision of 555 apartments across the three towers comprising of: 

<ul>
<li>127 x 1 bedroom apartments; </li>
	<li>371 x 2 bedroom apartments; and </li>
	<li>57 x 3 bedroom apartments. </li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_glen_skygardens.jpg" rel="gallery-all" title="Sky Gardens as the name suggests has 4,000 sqm of communal open space. Image : skygardenresidences.com.au"><img alt="" class="image-article-full-width-580px" height="221" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/the_glen_skygardens.jpg?itok=bGaRtxSZ" title="Sky Gardens as the name suggests has 4,000 sqm of communal open space. Image : skygardenresidences.com.au" width="580"></a>

<figcaption>Sky Gardens as the name suggests has 4,000 sqm of communal open space. Image : skygardenresidences.com.au</figcaption></figure>A large part of the project's appeal according to Golden Age Group is the 4,000 sqm of open space across the three towers and the views on offer from within, which encompass the Dandenong Ranges and the Bay.

The new residences will also take advantage of their position within the newly revitalised shopping and entertainment precinct of The Glen Shopping Centre.

<ul></ul>
The first stage of the redevelopment of The Glen - the Fresh Food Market Hall - opened in September 2017 and is located on the lower ground level offering a wide choice and variety of fresh produce and specialty ingredients in one location.

The Fresh Food Market Hall features an ALDI, latest format Woolworths, Coles and 60 boutique food retailers and specialty stores.

Vicinity Centre's redevelopment of The Glen will occur across five stages spanning three years which will create a new 'town square' with dining over two levels, new mini-majors, a fresh food market hall and 240+ select stores on completion. The five stages of the redevelopment are summarised below.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/img_8048.jpg" rel="gallery-all" title="Probuild has advanced construction on The Glen "><img alt="" class="image-article-full-width-580px" height="377" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/img_8048.jpg?itok=o_dIE0Op" title="Probuild has advanced construction on The Glen " width="580"></a>

<figcaption>Probuild has advanced construction on The Glen</figcaption></figure>The Glen Stages :

<ul>
<li>Stage 1 - Now Open: Fresh Food Market Hall</li>
	<li>
	Stage 2 - Early 2018: New Food Gallery
	</li>
	<li>
	Stage 3 - Late 2018: Fashion &amp; Lifestyle
	</li>
	<li>
	Stage 4 - Late 2019: David Jones, Premium Fashion &amp; New Town Square
	</li>
	<li>
	Stage 5 - Early 2020: Mini Majors Precinct
	</li>
</ul>
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Sky Garden residences launched as construction progresses on The Glen

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More than $150 million sold at the sales launch of The Harrington Collection in The Rocks on Saturday morning.
But just 36 of the 58 abodes, including one of two $8 million plus penthouses, sold.
Pricing still reflected the boom times, with fewer interested buyers.
Prices started for the <a href="https://www.realestate.com.au/project/the-harrington-collection-the-rocks-600018998" target="_blank">one-bedders from $1.25 million</a>, two-bedders from $2.1 million and three-bedder from $3 million, with spaces ranging from 52 sqm-66 sqm internal for ones, two-bed apartments from 71sqm-100 sqm.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/6/HARRINGTON2.jpg" alt="">
The optimist salesman Ben Stewart told Domain he expected the remaining apartments to sell before the end of the month.
Stewart, a senior director at CBRE Residential Projects, had expected the apartments to appeal to downsizers, city professionals and buyers looking for an inner-city “touchdown pad”.
CBRE's chairman of residential projects in Sydney, Justin Brown has noted there had been "a reduction in investors and foreign purchasers within the market that will affect the ability for developers to achieve pre-sales in the future."
"The off the plan market in 2017 normalised ... we saw purchasers seeking value," he told Fairfax Media.
Selling just half of its 131 apartments on the morning of its launch, Castle Residences ranks among the weakest of CBRE off the plan launches this year.
Sales did include the Castle Residences’ penthouse, which sold for $18 million ($62,000 per square metre) at its 203 Castlereagh Street location.
Golden Age Group bought the leasehold, which sits in the historic Baker's Terraces area, from Arena Office Fund for $50 million in 2014.
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<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/6/HARRINGTON3.jpg" alt="">
It was a joint development by Golden Age Group and Hannas made up of 49 new apartments, seven town homes and two restored Victorian-era terraces.
The project known as The Harrington Collection will also include commercial office space along with retail.
It will span nine floors to a design by architects FJMT which got instructions from developer Jeff Xu for a smaller boutique development to provide a richer overall experience.
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Buyer hesitancy over price at The Harrington Collection suggest the Golden Age is over

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Jeff Xu’s Golden Age is pushing ahead with its $500 million luxury residential tower on the eastern edge of Melbourne’s CBD.
But he has redesigned the Spring Street project for top-end owner-occupiers.
There are 145 apartments proposed for the 39-storey building.
Surrounded by heritage-listed buildings and overlooking Parliament House, the project has an end value of approximately $500 million that will add a significant bow to Golden Age’s $4.2b portfolio.
The 85 Spring Street project was bought from Grocon who had approval for 225 apartments, after trimming its earlier proposal from 305 apartments over 44 levels when it had failed to gain the green light from Victorian Planning Minister Richard Wynne.
Golden Age has a $4.2 billion residential and commercial portfolio.
Its suggested prices ranging from $698,000 for a one-bedroom up to $8 million for the top three-bedroom in the Bates Smart designed project.
“When undertaking this project we looked at the existing product mix and completely redesigned it for our target market,” Mr Xu told The Australian.
“We set about reducing the number of apartments and making each more spacious with a dedication to additional living, dining and leisure rooms.”
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