Frasers Centrepoint says over A$229m worth of DUO units sold at Aussie launch

FRASERS Centrepoint said on Wednesday that the company and its joint venture partners had sold over A$229 million (S$236 million) worth of residential units at DUO in Sydney during the launch in Australia last week.

The one-bedroom suites were offered from A$625,000, one-bedroom apartments from A$700,000, two-bedroom apartments from A$1.18 million and three-bedroom dual-key apartments from A$1.93 million.

Developed by joint venture partners Frasers Property Australia and Sekisui House Australia, DUO is designed by Foster + Partners. The two-tower residential project is located at the northwest corner of Central Park, one of Australia's largest urban renewal projects involving the redevelopment of the former Carlton United Brewery site.

Occupying 5.8 hectares in Sydney's downtown, Central Park will comprise 2,200 apartments upon completion.

According to Frasers Property Sales and Marketing director Paul Lowe, the units were bought by a mix of owner occupiers and investors.