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Stockland (ASX:SGP) is expanding its presence into Sydney’s south west growth corridor with plans to launch a $1 billion major new residential community.
The property developer has submitted development applications for a proposed project at East Leppington which would be Stockland’s largest in New South Wales.
The master plan includes a primary school, shops, sports fields, open spaces and recreational areas and first lots are expected to be released in 2014.
Stockland says it has noticed high demand for new homes in Sydney’s south west growth corridor and is confident the East Leppington community will position it for the future.
Stockland swung to a net loss of $147 million in the first half of the 2013 financial year.
News: Stockland expands into Sydney south west
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$5.12 |
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Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.12 | $3.793M | 738.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 22 | 22783 | $5.11 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.12 | 29029 | 49 |
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