Editor’s Note
A prime, development-ready site in Sydney Olympic Park is now on the market. Approved for over 400 apartments, the offering represents a significant opportunity in a key growth precinct.
AYMCI and Knight Frank have put the Zone 3CD development site in Sydney on the market. Australia YMCI (AYMCI) has unveiled a significant DA-approved, ‘shovel-ready’ development opportunity at Sydney Olympic Park. Property agency and consultancy Knight Frank has been appointed to put the site on the market and lead the sale.
The site, known as Zone 3CD, encompasses a 13,814 sq m freehold landholding at 29 Carter Street, Lidcombe. It is approved for 411 apartments, eight neighbourhood shops, and a 100-place childcare centre, all set within three architecturally designed buildings by Kann Finch.
Strategically positioned within the Carter Street Priority Precinct, Zone 3CD offers proximity to Sydney’s world-class venues, major infrastructure, and expansive green spaces, aligning seamlessly with the 15-minute city planning model.
Dominic Ong, Partner Head of Asian Markets, Knight Frank
The site is located just 14km west of Sydney CBD and 9km from Parramatta, with easy access to major transit links including the upcoming Sydney Metro West station, Parramatta Light Rail Stage 2, and planned local amenities such as a primary school and a park.
Dominic Ong, Partner Head of Asian Markets, Knight Frank
This announcement follows AYMCI’s successful delivery of the Sapphire, Ruby, and Emerald buildings, comprising 421 apartments and six retail shops. These schemes, including the Ruby Retail Promenade, established strong buyer demand and rental yield precedents, further enhancing the appeal of Zone 3CD as a prime development opportunity.
The site’s designation as a NSW Government Priority Precinct includes ambitious plans to deliver 10,700 new homes, 34,000 jobs, and over 100,000 sq m of retail space by 2030.
It also targets a 6-Star Green Star Community standard, reinforcing its commitment to sustainability. With a total Gross Floor Area of 40,217 sq m, Zone 3CD presents flexibility for future upside (STCA), potentially increasing its yield to up to 500 apartments.
