After approving the regional structure plan and infrastructure construction plan, the new suburban plan of Pakenham East will soon be able to submit applications. Pakenham East is one of the six major greenfield development sites that the Victorian Planning Agency has fast tracked for the influenza pandemic.
The area will have 7,200 new houses, town centers and convenience centers, four schools, three community centers, and 44 hectares of local parks and sports reserves.
The 630 hectare area on the north side of Prince Hwy took more than three years to reach this stage. Construction of Pakenham East will begin in early 2021, and the site cleanup has been completed. The suburb will also be served via the Pakenham train extension that will open in 2024. Acting Planning Minister Lily D’Ambrosio stated that the region will add more than A$1 billion in revenue to the Victorian economy in the next few years.
D’Ambrosio said: “We ensure that we have the best infrastructure in the right place to support the new community of Pakenham East.” Pakenham East will bring economic benefits to the local community through the development of new housing, employment and community infrastructure. increase. “The new suburbs will take advantage of the changes in the residential market. Since the end of September, real estate prices have risen by 9.5%.
https://theurbandeveloper.com/articles/developers-prep-for-melbournes-newest-suburb-pakenham-east