When Tarun Gupta took over as Stockland CEO in July 2021, he staked his name on land lease communities with a bold $620 million acquisition of Queensland’s Halcyon Group. The move trumped rival offers from Ingenia Communities and Serenitas – and cemented Stockland’s ambition to dominate “the fastest growing lifestyle segment – the Over 50s market.”
Four years on, that bet is paying off. New research from Chadwick Property Valuers confirms Halcyon is now the sector’s runaway #1 operator – and that’s before Stockland announced a new 300-home over-50s Halcyon community in Grevillea, its latest WA masterplanned estate within the State Government’s East Wanneroo District Structure Plan.
Halcyon has been a growth engine for Stockland, expanding beyond standalone projects to feature inside the company’s residential estates. At Stockland's The Gables in Sydney’s Hills district, Halcyon Gables will deliver 231 of the 2,900 planned homes.
According to Stockland’s FY25 Property Portfolio, Halcyon now counts 39 communities (including those in planning and review), with occupancy above 95%. 15 are actively trading across four states, with another 4,481 home sites in the pipeline.
Performance has been strong: in FY25, Halcyon settled 526 homes at a 22% development operating profit margin, with 398 contracts on hand at higher pricing than the year’s settlements. Stockland expects 700-800 settlements in FY26, with operating margins in the low-20% range.
