Federal Government aims for 1.2 million new homes | Kanebridge News
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Federal Government aims for 1.2 million new homes

The announcement is the latest in State and Federal Government attempts to address the entrenched housing crisis

By KANEBRIDGE NEWS
Thu, Aug 17, 2023 10:02amGrey Clock < 1 min

The Federal Government is seeking to break the deadlock on the housing crisis, committing to 1.2 million new ‘well-located’ homes over the next five years.

The announcement follows a meeting of the National Cabinet in Brisbane yesterday and represents an additional 200,000 homes over the National Housing Accord agreed by states and territories last year. The plan will come into effect from July 1 next year.

To incentivise states and territories to undertake reforms and boost housing supply, the Commonwealth has created the New Home Bonus, a $3 billion performance-based fund.

Labelling it as an ‘ambitious’ target, the Office of the Prime Minister said in a statement it would be supported by a $500 million Housing Support Program aimed at areas such as connecting essential services and delivering amenities to support new housing development.

Part of the strategy agreed to at yesterday’s meeting also includes a National Planning Reform Blueprint, which covers off targets for housing supply as well as promoting medium and high density housing. Reforms to address delays with development approvals are also included in the blueprint.

The blueprint also addresses the rights of renters, with plans for a consistent policy around evictions, rent increases as well as a ban on soliciting rent bidding. Better regulation of short-stay residential accommodation is also on the agenda.



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

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Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

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