Leading Sydney-based land developer Clearstate has reaffirmed its commitment to the city’s north-west growth corridor, with the multi-million-dollar acquisition of a new land estate in Box Hill.
Clearstate has unconditionally exchanged with two different landholders on the 1.7-hectare (4.2 acre) parcel of land on Box Road, Box Hill, for a purchase price of $6.78 million.
The estate is expected to yield a housing development of up to 30 detached dwelling lots of between 300sqm and 500qm, with a sales release slated for November 2020.
The announcement comes as the company is seeing first home buyers becoming increasingly active in the property market again, with Clearstate’s General Manager, Steve Barlow, predicting a solid recovery in the Sydney property market in the wake of the COVID-19 pandemic.
