Developer CapitaLand’s unit Australand said it has teamed up with St Hilliers to undertake a A$300 million public housing redevelopment project in Victoria, Australia.
The project spans 7.5 hectares across three sites in Carlton, Victoria.
It will involve replacing 192 old, outdated flats with over 240 new public and social housing apartments and 500 new inner city, residential homes.
Construction of the new dwellings will incorporate environmentally sustainable features such as solar and wind energy.
The project will be delivered in seven stages over the next eight years and be completed by 2017.
Source : Channel NewsAsia – 10 Jun 2009