May 22, 2025   FEATURED, PROMOTED

Multigenerational housing community set to be built around sports precinct

LOS ANGELES: A multigenerational housing community is now set to be built within a sporting precinct.

The name for the triple towers set for Subiaco has been revealed — One Oval — as developer UEM Sunrise opens registrations of interest for its hundreds of apartments.

Echoing the nearby One Subiaco complex by local group Blackburne Developments, the Malaysian developer said the name reflects the site’s history as a football oval.

It also signals its status as the first project in the State Government’s Subiaco East master plan to rejuvenate 35ha of land surrounding Subiaco Oval, the former Princess Margaret Hospital and Mueller Park.

UEM has also released first-look images of the ground-floor townhouses and apartments facing Subiaco Road.

The company has not yet signed a builder to the project but said it is in ongoing negotiations.

Construction is expected to commence next year, with completion of Lot 2, which includes an 11-storey building, expected in the first quarter of 2029.

Lot 1, which will include two buildings of 36 and 26 storeys, is expected later that year.

The price and the ratio of various sized apartments have also been released, with sales to commence in the third quarter of this year.

As expected, most buyers will have to be fairly cashed up to get an apartment. The 30 per cent of apartments with only one bedroom will start from $600,000.

Apartments with two bedrooms and two bathrooms will sell from $1.28 million, while three-bedroom apartments will sell from $2m.

Some apartments will allow for intergenerational living, which is believed to include dual-key entries.

The price list reflects the changing construction market in Subiaco, with the cheapest apartments at the nearby One Subiaco complex, which was built under a cheaper pre-COVID contract, starting about $460,000.

UEM Sunrise chief financial officer, Hafizuddin Sulaiman, said the name One Oval reflects both the site’s legacy and its future as a new destination for Subiaco.

“We’re proud to unveil One Oval as the name for our first project in Western Australia,” Mr Hafizuddin said.

“This location holds deep sporting and cultural significance, and we see this as an opportunity to create something truly special that speaks to both history and the future.

“One Oval offers premium residences that are thoughtfully curated and innovatively designed, fostering inclusivity where residents will be able to enjoy elevated parkside living in one of Australia’s most coveted suburbs.”

A spokesman for UEM Sunrise said while it did not own any other land in WA, it was “actively exploring opportunities for sustainable growth and expansion in Australia, including in Perth”.

The spokesman acknowledged that the project was unpopular with locals, who have vehemently complained about the size and bulk of the buildings, as well as overshadowing and impact on traffic.

“UEM Sunrise acknowledges the input by community members as part of the Development Application process and has worked with DevelopmentWA to understand this feedback and where appropriate incorporate elements of this,” the spokesman said.

“One Oval is being delivered in line with DevelopmentWA’s planning framework and design guidelines for the Subi East precinct.”