KUALA LUMPUR: YTL Developments (UK) Ltd has sold 75 per cent of the first collection of 40 homes and apartments released at Brabazon in North Bristol.
This first phase is known as The Hangar District and has a total of 302 houses and apartments.
The homes at The Hangar District comprise two, three and four bedroom houses, ranging in size from 871 sq ft to 1,687 sq ft.
The one and two-bedroom apartments range from 530 sq ft to 815 sq ft. Currently, prices start from £219,500 for a one bedroom property and from £298,500 for a two bedroom apartment.
Three bedroom homes are currently available for sale with prices starting from £466,750, YTL Developments director of marketing and sales Jonathan McDiarmid said.
"Right now we are selling our largest three bedroom properties. Located on The Hangar District's sweeping curved crescent, prices range from £466,750 and we are seeing strong demand even ahead of the overall market, which is doing very well this year. Our first residents are now starting to move into their new homes at The Hangar District. Currently, around 10 houses are occupied and this will double in a few weeks."
McDiarmid told the New Straits Times that the company would be releasing the remaining homes in the first phase at Brabazon in several batches in the coming months and through the first half of 2022.
"We have over 100 houses and apartments currently under construction," he said.
Central to the appeal of Brabazon will be the leisure opportunities and amenities available to residents. Phase 1 alone will include Hangar 16U – a new social hub in a historic restored aircraft hangar and a heritage trail.
This new city district will also face Brabazon Park, a new 15-acre public park that will be the largest new urban park in the South West in 50 years.
Stretching over 354 acres, Brabazon is the first major UK mixed-use project for YTL Developments.
Located on the former Filton Airfield – birthplace of Concorde and supersonic travel – it is located five miles from the centre of Bristol, the largest city in the southwest of England.
This new urban community will take more than 20 years to develop.
Upon completion, it will feature over 2,675 homes, from studio, one, two, and three-bedroom apartments through to two, three, and four-bedroom houses.
Brabazon will also have 62 acres of employment space, parkland, new schools, an education district, and a thriving urban centre.
At its heart will be the YTL Arena Bristol – a new 17,000-capacity venue that will put Bristol on the world stage for live music and entertainment.
YTL Developments director Yeoh Keong Yeen said despite the Covid-19 pandemic, The Hangar District had been received very well by the market.
"We are ahead of our sales targets and are regularly adding more homes for sale in response to demand. In particular, we have ensured that we always have a good range of both houses and apartments, all of different types and sizes, available to buy.
"To date, we have been focusing on the local market, which we feel is important to bring a great sense of community to Brabazon. However, we anticipate bringing a number of homes to international markets in the future, particularly to Malaysia and Hong Kong," he said.
Yeoh said the property market in the whole of the UK was on an uptrend and there was strong buying demand.
"We're really excited for the future of Brabazon as it evolves into the most exciting new city district in the South West and a flagship project for the global YTL Group."