SIG Group continues to bolster portfolio launching 28.2ha Pakenham East project

Leading property developer SIG Group has expanded its portfolio, launching its new project comprising 28.2 hectares of land in Pakenham East.

With a focus on delivering supply to a chronically undersupplied market, the new site will offer options to buyers who have been priced out of the Pakenham corridor. The new development is located in the Pakenham East Precinct Structure Plan (PSP) and Pakenham South Employment PSP, ensuring continued growth and development for the region.

The acquired site spans an impressive 28.2 hectares and includes approximately 530 lots. Confident in the success of this venture and the positive impact it will have on the community, SIG Group’s site will assist in establishing a new suburb (Pakenham East), located just 70 kilometres southeast of Melbourne.

CEO of SIG Group, Hugh Lu, expressed excitement about the new acquisition and the opportunities it brings to the market.

“We are thrilled to add Pakenham East to our portfolio. This move aligns perfectly with our vision of providing innovative solutions to address the housing shortage in the region and delivering options for buyers who have been longing to invest in the Pakenham corridor. We are committed to delivering superior value to our clients and investors and strengthening our presence in this burgeoning market,” said Hugh.

The decision to venture into Pakenham comes in response to the limited supply of projects in the area, with only three others currently available in the market. SIG Group aims to address this undersupply by providing an extensive range of housing options to cater to various target audiences, including first home buyers, upgraders, and investors.

The acquisition further solidifies SIG Group’s dedication to numerous projects in the pipeline. Expressions of interest will open in September. To find out more, please visit here