Issued: 29/07/2009
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Issued: 29/07/2009
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LTD Philosophy |
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Location (Newnham)In Australia, it is a well-known fact that residential properties in suburbs close to a university campus have always enjoyed high rentals and steady capital growth. UniVillage is located next to the Launceston Campus of the University of Tasmania and the Australia Maritime College. UTAS has recently seen fantastic growth in student population and in particular from overseas. Newnham is a safe investment area because of the university. Timing (Opportunity)UniVillage Residences offer a secure lifestyle in a community with all amenities close-by. The apartments at UniVillage offer: • Penthouse-style living for busy professionals Demand for quality and well-located accommodation will escalate once construction starts on the $2.2 billion Pulp Mill. Recent statistics reported by the Real Estate Institute in Tasmania ( The Examiner 26 May 2009) stated that Launceston had the lowest rental vacancy rate at 1.4%, compared with 2.0% in Hobart. With high rental demand and low interest rates, now is the time to buy. Design (“Tri-key”)In response to the changing market demands, UniVillage has undergone a revamp from its original “dual-key hotel apartments”. The new concept incorporates a unique “tri-key” design which allows the 1 B/R / studio units to be configured into 2 B/R or 3 B/R residential apartments. The design offers great flexibility to both owners and tenants. There are 16 x residential blocks in Stage 1 (192 1B/R - Studio units) and a further 24 residential units in Stage 2 including 4 commercial units on the ground level. The “Tri-key” design offers flexibility to suit your needs.
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Dear Buyers, It is my pleasure to release for pre-sale the first two apartment buildings i.e. “The Acacia” and “The Bluebell” in UniVillage Residences at Newnham in Northern Tasmania. There is a collection of 18 flower-named buildings in the overall development; providing a total of 192 x 1 B/R/Studio units in Stage 1 plus a further 12 residential units and 4 commercial units in Stage 2. In my 35 years involvement in real estate development in Australia, I have always relied on my “LTD” philosophy i.e. Location, Timing and Design. These three elements must exist if the development is to be successful. I believe the UniVillage development meets the criteria. Astute buyers would know that it is also important to have vision and get in early; otherwise you may regret about missing the opportunity. Almost 28 years ago, my group developed the “Deakinpoint Apartments” in Kangaroo Point, Brisbane and the development won the HIA Award for the Best Home Unit Category. The quality building today still looks brand new and enjoys prestige recognition in the Brisbane property market. We also pioneered the innovative “dual-key” hotel apartments in Mt Ommaney located about 12 klm from Brisbane CBD. The complex enjoyed a 90% plus occupancy rate. My group takes pride in pioneering innovative concepts in the property industry. This has been proven by the other projects we have done in the past. It has always been our policy to give buyers good value for money. The quality of workmanship and fittings for the apartments would be carefully selected to ensure this objective is met. My group has made a long term investment commitment in Tasmania including the development of a 23-acre light industrial subdivision in Legana and an eco-community village development on a waterfront 80-acre property near Hobart. I look forward to you making the wise decision to invest in UniVillage. P B Chen
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