Project Highlights Joint venture with Supalai, one of the 10 largest developers in Thailand
Project Value $200m
June 2013 –
Geelong’s largest infill land estate, Gen Fyansford is the largest development ICD has undertaken to date. It is also our first broad-acre project. We achieved an impressive 900 registrations in the two months prior to launch. Riverside Releases A-E (Stage 1), comprising about 150 conventional lots, have sold out and are currently under construction. Our joint venture with Supalai Public Company now takes responsibility for the outstanding stages, a total remaining land area approaching 99 hectares. Pre-sales for Monier Release (Stage 2) have commenced with Monier Release A already sold out. The site is located five minutes from Geelong’s CBD and Newtown, the area’s most sought-after suburb. ICD makes sustainability the hero of this impressive master-planned community with expert consultants helping to deliver substantial landscaping works, including riverfront regeneration and breathtaking views of open space. Gen Fyansford has achieved the highest percentage of second and third homebuyers in the Geelong region and have celebrated an exceptional zero default rate on settlements thus far.
Supalai’s joint venture with ICD is part of the company’s strategy to partner with credentialed Australian developers, particularly in the residential market.
Outstanding early success cements confidence in this project and will see ICD deliver an estimated 1,000 allotments as well as a neighbourhood village of approximately 17,000sqm.
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