SOUTH MORANG ACQUISITION BOLSTERS MEDIUM-DENSITY FOOTHOLD

ANNOUNCEMENT

Earlier in April, we announced the acquisition of a 2.8-hectare site in South Morang, which will add another $50m and over 100 townhomes to our growing $2.5bn pipeline.

This latest deal will further bolster our medium density portfolio, with townhome product now representing approximately 25 percent of our pipeline, complementing the established portfolio of greenfield land communities.

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