Strong demand prompts release of more apartments at Bowden

28 Nov 2013

Another 35 apartments will be released for sale today in the State Government’s Bowden development, in response to high demand.

Housing and Urban Development Minister Tom Koutsantonis said property group Commercial & General is releasing 35 one- and two-bedroom apartments for sale.

In addition, developer Emmett Property has just purchased a 1520sqm allotment – the final allotment in the latest land release at Bowden – where it plans to build 37 apartments.

Mr Tom Koutsantonis said the high level of demand for apartments at Bowden was exciting.

“Bowden is setting new benchmarks for inner-city living and promoting a healthy, cosmopolitan lifestyle where pedestrians and cyclists have priority,” Mr. Koutsantonis said.

“We have been encouraged by really strong sales and interest at Bowden, showing that South Australians are ready to embrace quality, architecturally designed, higher-density living.

“The addition of highly regarded developer Emmett Property and the first offer of new apartments from Commercial & General is a testament to the quality of, and demand for, homes in this growing community.

“It is a good time to purchase an architecturally-designed apartment while taking advantage of existing stamp duty exemption for off-the-plan apartments and other home buyer grants.”

The stamp duty concessions and First Home Owner Grants at Bowden amount to more than $31,000 until 30 June 2014 for eligible home buyers.

Commercial & General’s exclusive release includes apartments fronting a new shared private “common” green and recreation space between buildings which provides a place for residents to enjoy and entertain.

The $1 billion Bowden development will see the construction of more than 2400 homes for approximately 3500 new residents over the next 10-12 years.

Bowden features affordable housing, commercial and retail space, and an innovative public realm with shared streets and parks.

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