One Oval new name for triple towers at Subiaco's former football grounds
The triple towers set for Subiaco has revealed its new name – 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 Masterplan to rejuvenate 35 hectares 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 two - which includes an 11 storeys building - expected in the first quarter of 2029.
Lot one - 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.
The two bedroom, two bathroom apartments will sell from $1.28 million while three bedroom apartments will cost 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 at 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 suburb.'
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,' said the spokesman.
'One Oval is being delivered in line with DevelopmentWA's planning framework and design guidelines for the Subi East precinct.'
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