Stockland Corporation Limited
(ASX:SGP) is preparing to develop a new residential community in Perth’s South West after a local government rezoning approval.
The rezoning signals important progress for Stockland’s proposed new community, to be known as Calleya.
The development features 1,800 homes and will be the closest new land release south west of Perth’s CBD.
Stockland says it’s already received more than 200 enquiries from buyers interested in buying land at Calleya and has begun a register for interested customers.
The developer says it expects to make fast progress in bringing the community to market, with the first lots available for sale as early as next month.
Stockland generated a net profit of $104.6 million in fiscal 2013.
