Burswood Point: Work starts on Golden Sedayu’s multi-tower ‘biggest housing project Perth has seen’

Work has begun on the Burswood Point multi-tower development, in what has been dubbed the “biggest housing project Perth has ever seen”. The $3.8 billion project by Golden Sedayu will see 4500 dwellings, hotels, restaurants and retail stores built between the Swan River and Belmont Racecourse, transforming what has been a long-neglected part of Perth. The entire project is expected to take up to a decade, with the first stage of construction expected to begin early next year. Stage one will see 67 freestanding homes and 203 apartment dwellings built across an adjacent pair of twin towers, before moving on to develop “a mix of medium-priced and higher end properties” across four towers, with up to five per cent of homes used as NDIS and affordable housing. “Burswood Point is the biggest housing project Perth has ever seen and will see the creation of a brand new community, transforming a long-forgotten section of the peninsula and creating an iconic new destination that will continue to serve Perth residents for generations to come,” Golden Sedayu managing director Andrew Sugiaputra said. “In addition to 4500 new residences offered at a range of price points, retail spaces and entertainment offerings, Burswood Point will provide public access to a 2.5km section of the Swan River foreshore for the first time in 80 years. He said the start of the development was a “testament to the hard work of the Golden Sedayu team, and the ongoing support from the State Government and Town of Victoria Park”. Golden Sedayu has already spent up to $200 million towards new access roads, water works, a sewer pump station and a new bridge connecting Victoria Park Drive into Burswood Point. Piling is expected to begin in November, with the first buyers of the luxury freestanding homes set to move in by the end of 2026. Premier Roger Cook — who attended a sod turning ceremony with other State Government representatives on Wednesday —said the development would inject more than $10 billion into the WA economy. “The redevelopment is set to open up a previously underutilised area on our beautiful Swan River, with housing, offices, public open space, offices, shops, hotels and recreational facilities close to the city, public transport and potential future ferry routes,” he said. “It is expected to inject more than $10 billion into the State’s economy and generate more than 25,700 local jobs over several years. “Getting more Western Australians into homes quickly is a top priority for my Government, and it’s fantastic to see housing works at Burswood Point getting underway.”