National integrated property developer and investor MFS Diversified Group is surging ahead with 12 new residential projects in Queensland stretching from the Gold Coast to Hervey Bay. The Group has recently completed the sellout of more than 500 homes in six Queensland projects and started construction on seven house-and-land projects in southeast Queensland with an eventual yield of more than 1500 homes. MFS Diversified's acting head of residential development Dean McMahon said the demand for the group's products was particularly strong in the Queensland and Victorian markets. "The group offers house and land packages marketed under the successful Villa World brand, land-only projects marketed under MFS Diversified Gr oup land projects banner and the lastest product, Moda, which delivers quality high-end housing on valuable, strategically located land," he said. Villa World Homes boast more than 100 designs of three bedroom plus study, four bedroom and four bedroom plus study homes and now includes a split level range at the 212-home project The Reserve , Oxenford, which has sold out. "Construction has begun on the first stage of the 677-lot house and land project at Mt Cotton Village, Mt Cotton, where the beautiful, undulating rural setting lends itself perfectly to our new split designs," said Mr McMahon. "Our recently released Freshwater 321-lot house and land package at Berrinba, Logan, is built around its own lake and bounded by an abundance of lush parklands, and the first 70 homes are selling as fast as we can complete their construction." At Burleigh Waters, the group has nearly sold out of the first 21 homes at their flagship Moda project, THIS, which will eventually have 110 homes. Expressions of interest are being taken for the next release of 33 homes. "Our intention for this site was to create a housing development synonymous with quality, style and contemporary design," said Mr McMahon. "Our research shows this style of project suited higher-value housing, particularly where such centrally located property was rapidly increasing in value." At Thompson Street, Tweed Heads, Mr McMahon said the group had acquired an ideally located, elevated site for construction of Silverstone, a Moda medium rise residential complex that offered sophisticated housing. The project, now in the advanced planning stage, will offer 27 architectually designed apartments, most of which will have 3 bedrooms and two bathrooms with quality fit-outs and fixtures. A penthouse unit and sub-penthouse unit will be included in the development. "Silverstone's upper-level units will command south-easterly views towards Cook Island and upper level, north facing units will overlook Coolangatta and Kirra," said Mr McMahon. The group's lastest land project, Longhill Rise, at Gilston, follows the last hinterland project, Aspect, a 134-lot project at Mudgeeraba,which sold out in June last year. "In late November, we released this project to the market following strong presale enquiry for this staged land development of an eventual 132 lots," said Mr McMahon. "In the first stage we have lots ranging in size from approximately 607 sqm to 1403sqm, with prices starting from $227,900. "We are constantly sourcing quality locations for our developments and our belief in Longhill Rise has been reinforced by strong presale inquiry. "Gilston properties are achieving excellent prices, with the market recognising the value of desirable residential hinterland property. "The land offers country living in a tranquil and peaceful environment, yet it's only a 25 minute drive to Broadbeach or Coolangatta, and all the amenities the Gold Coast has to offer." With more than 15,000 sales to date, Mr McMahon said MFS Diversified Group was anticipating continuing market acceptance of its well-planned and located range of residential products being offered this year.
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