Golden Age kicks off townhouse project after VCAT win

Entry level townhouses are asking nearly $1 million.
Some dwellings will surround a 1000 square metre park.

Golden Age Group has launched the marketing campaign for a major Glen Waverley townhouse project after winning a planning battle with the Victorian Civil and Administrative Tribunal in July.

With 77 dwellings, Floret will be the group’s second local development; it recently completed three apartment towers, a complex called Sky Gardens, on airspace at Vicinity Centre’s The Glen shopping centre.

Artist’s impression of a Floret kitchen.

“There is appetite for…developments that cater to not only downsizers but young professionals and young families who are priced out of this area,” Golden Age chief marketing officer, Dandon Zhao, said.

Golden Age is offering two colour schemes.

“Glen Waverley is an area predominantly dominated by single family homes and there is little choice when it comes to townhomes,” she added, of Floret.

The area’s predominant medium density product is dual occupancy, according to the executive.

“Golden Age’s project will seek to put community at the heart, offering an array of resident amenities, complemented by lush gardens in a secure neighbourhood that is idea for raising families,” Ms Zhao said.

The Glen Waverley project will contain 77 dwellings.


Golden Age paid Child Family Care $23m for the 1.65 hectare former school making way for Floret, 583 Ferntree Gully Road, in April, 2020 – a month into the country’s national lockdown.

The proposal includes 19 three bedroom units with the balance containing four.

Dwellings will rise between two and three levels.

The cheapest, with one car park, are asking $995,000 (story continues below).

Golden Age recently purchased Brighton’s ex-Kostka Hall.

The four bedroom units will have double garages.

Floret will include a 1000 sqm park too, with a fitness station, barbecue facilities and children’s play area with seated walls.

Golden Age will also plant canopy trees around the rectangle site’s perimeter.

The parcel is about 200 metres from the Brandon Park Shopping Centre.

The ex-St Leo’s campus at Box Hill South cost Golden Age $61 million in late 2020.

Development pipeline

In the CBD, Golden Age is constructing a strata office tower at 130 Little Collins St.

Three months ago, the group paid Jesuits Australia c$100m for Xavier College’s 3.3ha former Kostka Hall campus, in Brighton.

Nearly two years ago, Mr Xu outlaid $61m for Box Hill South’s ex-St Leo’s College, on five hectares abutting Gardiners Creek.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of