A buyer's guide to Golden Age's Glen Waverley townhouse development Floret
Melbourne developer Golden Age Group has continued to focus it's development efforts in Glen Waverley in Melbourne's east, and to great success.
Following their Sky Garden apartment project above The Glen Shopping Centre, Golden Age decided to create a townhouse project in the area, based on feedback from prospective buyers at Sky Garden who preferred townhouse living.
The team then went and bought land on Ferntree Gully Road and preceded to put together plans for a townhouse project, which was given approval in October 2022.
Since then the development of just 77 two and three-bedroom townhouses designed by Rothelowman have gone from strength to strength. Some 40 per cent of the townhouses were snapped up on their launch.
A Golden Age spokesperson said the townhomes respond to the changing needs of the population by providing diverse housing options
“Glen Waverley is an area predominantly dominated by single-family homes and there is little choice when it comes to townhomes, particularly architecturally-designed homes that offer a premium feel,” they said.
By March this year, the group had achieved $35 million in sales, with the average price point in sales ranging from $1.1 million to $1.6 million.
The townhomes are designed to be sensitive to the site’s existing context, while capitalising on an opportunity to deliver an outstanding architectural response that will set a new standard for townhouses within the area.
Golden Age Founder and Managing Director Jeff Xu said it was a matter of ‘when not if’ the group would bring a luxury townhouse project to market.
"Before even launching to market, we had a waitlist of buyers interested in a townhouse product, one that embodied the same ethos and design philosophy of Sky Garden," Xu said.
Golden Age then appointed a builder in June, Cremorne-based builders Figurehead Construction, to construct the townhomes, which are expected to be completed by early 2025.
They've now sold over 80 per cent of the Stage 1 release, with new park front lots brought forward to cater to demand.
There's only a limited number of four-bedroom townhomes remaining in Floret, with prices starting from $1,235,000.