Poly Australia will start work this year on a 234-dwelling `healthy lifestyle’ community in Ascot with completion schedule for 2022

A giant Chinese-back developer is scheduled to start early works in a few months on its first Queensland community.

An aerial of the 6ha development site at 104 Lamington Ave, Ascot.

AN international development giant is set to start work by the middle of the year on a new community in an exclusive Brisbane address.

Chinese backed developer Poly Australia has secured development approval for its premier Queensland residential project, Ascot Aurora.

The Australian arm of Chinese development giant Poly Global has secured its first Queensland project site in a $35.25m deal

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National developer Urbex has started construction of its 204-lot development, The Banks, at Logan Reserve.

The development approval for the 234 dwelling development came from Brisbane City Council just before Christmas and has now taken effect following the completion of the associated appeal periods.

Poly Queensland executive director Xiaowei Xue said they actively engaged the

community throughout the process.

“We’ve been committed to community collaboration from the outset so we were more than

confident the application would be positively received by both council and the community,” he said.

Last year Poly Australia paid $36.5 million for a 6.2ha site at 104 Lamington Ave, Ascot, which was its first acquisition in Queensland.

Mr Xu said the community will be focused on families with an emphasis on community facilities.

“We prioritised active and spacious living, opting for a design that encourages a healthy lifestyle, something that buyers in the area truly appreciate in their day-to-day activities. From a number of public parks, a community garden, an outdoor swimming pool, BBQ, entertainment facilities and mindful pedestrian networks, it provides an open and socially connected environment,” he said.

“Residents will have the opportunity to come together and grow within a vibrant community that’s destined to evolve at Ascot Aurora.”

The site will have 209 two, three and four-bedroom townhouses, 10 freestanding, four-bedroom townhomes, and 15, one, two and three-bedroom apartments.

The project is expected to commence early works in mid-2020 with the target of completion mid 2022.

The project is Poly Australia’s first development outside of NSW and Victoria since they arrived in Australia in early 2015.

Since launching in Australia four years ago, Poly has built up a $2 billion pipeline of Australian projects.